Why is it that there’s more than one way to run a business and become a successful entrepreneur? Yet many of the most seasoned business leaders like the like of Chris Kirubi and Hesh De Silva share similar habits in their approach to life and work.

They tend to:

Spend money wisely

Always consider the return on an investment when you evaluate the best ways to spend company funds. Ask yourself, how long will it take me to recoup my investment? Also consider, Will this investment help me achieve the goals of my business?” If you can’t answer these questions, don’t spend the money.

Meet challenges with enthusiasm

Apply the same level of passion and zeal that you felt when you first started your business to every difficult situation. If you give each new challenge your best effort, you’ll experience positive outcomes more often than not.

Think creatively

Make innovation the centre of your business. Encourage team members and colleagues to experiment with new ideas and fresh approaches to business. Entrepreneurs who take risks often accomplish extraordinary things because their methods are creative and unexpected. Push outside your comfort zone and approach the risk of failure with a positive attitude.

Related: Aly Khan Sachu: The Millionare Investor

Plan for the long term

Stop focusing only on the short term, your business may not reach its full potential. Instead, set aside time at least once or twice a year to plan for the future. Routinely monitor your progress on achieving long-term goals.

Communicate quickly and effectively

Respond to emails, phone calls and other requests immediately. The amount of time you take to respond could make the difference between gaining or losing a sale. Furthermore, when you respond quickly to clients, customers and employees, you develop a reputation for reliability. In your workplace, timely and effective communication will create a culture of focused efficiency.

[Original:entrepreneur]