Yesterday I was speaking with a friend who reminded me of a principle from Stephen R. Covey’s, “7 Habits of Highly Effective People.”
Habits are made up of knowledge, skill, and desire. Knowledge allows us to know what to do and why to, skill gives us the ability to know how to do it, and desire is the motivation to do it.
The intersection of knowledge, skills, and desire are our habits. Everywhere else is someplace where we are deficient and not performing optimally.
Startups are more often defined by our habits than we may think. Those startups that can maintain good habits despite the chaos have a big competitive advantage over those that get tossed around.
(Something else to consider: Covey makes the point that, “character is a collection of habits.”)
How have you seen habits affect your startup’s competitive advantage?
Update added Feb 10, 2013: Here’s a link to Fred Wilson’s excellent daily routine.