You might have been given a word that made you think correctly or even a phrase that made you change your thinking, it could even be an advice from a mentor or an experience.
Today we would be looking at words of advice from the world’s greatest entrepreneurs as we proceed i would like to remind us that the importance of mentors can not be undermined as mentorship helps save a lot of time and resources because you’re guided by someone that has been there, definitely his or her experience comes as a lifesaver and also an encouragement.
Fortunately, so many successful entrepreneurs are willing to share insights to inspire us.
Below is a collection of the best pieces of business advice that helped shape leaders into who they are.
Get into a market you can be a big fish: Marcus Lemonis, CEO of Camping World, told Business Insider, “The best advice I ever got was very simple: Get into a business where you can be a big fish, not the little fish. Get into a business where you can be a change agent, where you can make a difference.
Keep good company: Tim Ferris, entrepreneur and author of the best-selling book The 4-Hour Workweek, reveals how he got his best life advice from his high school wrestling coach. “You’re the average of the five people you associate with the most. I use this advice always,” said Ferris, “whether it’s choosing startups to invest in, choosing investors, sports teams to join, or people to have dinner with.
Only do what you want to do: I was complaining that I didn’t want to give a talk that I had promised to do. They said to me, with things like talks, you usually get asked to do them a year in advance. The advice was, if you are ever invited to do something six months or more in advance, ask yourself if you would want to do this if it was next week. If it’s no, you should just decline,” said Luis von Ahn, CEO of Duolingo, in an Entrepreneur interview.
Think Big: Candice Lu, founding partner at OnPrem Solution Partners,told Business Collective about turning to her mom for advice. I once asked my mom how she was able to rise above the fact that she was a minority and a woman to achieve her accomplishments. She told me that it was because she never once thought about the fact that she was a minority or a woman, but that she was just the best doctor there. So basically do not negotiate with yourself, sell yourself short or compromise your approach before you even walk into a room.
Go for the hardstuff: Nav Athwal, founder and CEO of RealtyShares, told Entrepreneur, “Quitting is easy and keeping at it is hard; do the hard things. This has always resonated with me as an entrepreneur. There will be plenty of rough times, but persevering during those times is what makes the difference between a successful entrepreneur and an unsuccessful one.Becoming an entrepreneur is hard and not for the faint of heart. Being a founder is often a lonely job. This can lead to entrepreneurs losing faith in their company’s mission/vision or letting their company’s culture suffer. Don’t let that happen.
Develop your emotional Intelligence: Andrés Gluski, President and CEO of The AES Corporation, revealed to Fortune, “Never make an important decision while you are feeling emotional; either too happy, surprised, or angry. Similarly, never make a big decision until you have talked it over with people you trust who are knowledgeable about the matter. Then, be decisive once you have heard them out.
Get comfortable with being uncomfortable: When you start your own company you have to get used to learning how to do things that you don’t know how to do. You also need to learn how to take risks and be okay with not knowing what the next stage is going to bring,” told Heidi Zak, co-founder and CEO of ThirdLove, to Entrepreneur.
In the age of transparency, honesty, and generosity, even in the form of an apology, generate goodwill.” -Alexander Asseily, founder of Jawbone
If you can offer a free tier that provides a lot of value, it will naturally help your product to spread much more rapidly.” -Melanie Perkins, Co-founder of Canva
Don’t get distracted. Never tell yourself that you need to be the biggest brand in the whole world. Start by working on what you need at the present moment and then what you need to do tomorrow. So, set yourself manageable targets.” -Jas Bagniewski, Co-Founder of Eve Sleep.
Don’t let others convince you that the idea is good when your gut tells you it’s bad.” -Kevin Rose, co-founded Digg.
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