Entrepreneurs, you can still sleep late and make millions!
By Carol Roth
Sleep Late? No Problem!
We’ve all heard how successful entrepreneurs wake up well before the crack of dawn and get a metric ton done before 5 a.m.
However, as a successful entrepreneur who struggles with mornings, I wanted to let the late risers out there know that there is hope for you, too. So, I spoke with a variety of millionaires who wouldn’t even think of waking up at 5 or 6 . . . or even 7 a.m.
Here’s our best advice to be successful when the snooze button is your best friend.
Know what works for you.
Getting proper sleep is more important than waking up at a certain hour. And, if you are more productive at a late hour, that should be your priority.
Millionaire serial entrepreneur Bryan Clayton, now CEO of GreenPal, gets out of bed between 8 and 9 a.m. He says, “While building my last company, I tried as hard as I could to get out of bed at 4 or 5 a.m. After forcing myself for over six months to crack dawn every morning, I realized that I was half as effective as I was when I was getting 8 to 9 hours of sleep every day.
“It’s better to accept the fact that you need a good night’s sleep to be the best at what you do than forcing yourself to be something that you’re not.”
Ross Andrew Paquette, founder and CEO of Maropost, has a nine-figure net worth. He wakes up between 9 and 9:30 a.m. He says, “I go to bed when my ideas are exhausted, not when I am. The early morning is overdone. If your best ideas come at night, work at night. Take sleepless nights as a sign you have something worth working on, then take those sleepless nights to work on it.”
Paul Koger, who is a self-employed millionaire trader and owner of Foxytrades, regularly gets up at 9:15 a.m., just 15 minutes before the markets open. He advises that if you like to sleep in, you can be successful if you tackle more difficult tasks when you are more productive and take it easy in the morning.
“Many successful people have been promoting lack of sleep, getting up early and working crazy hours, while it is actually more important to recognize what works for you and optimize workflow accordingly,” says Koger.
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