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If you haven’t yet found your personal business guru, here are 21
tips for young or aspiring entrepreneur to help get you started.
1. Challenge yourself.
Branson says his biggest motivation is to keep challenging himself. He
treats life like one long university education, where he can learn more
every day. You can too!
2. Do work you care about.
no doubt that running a business take a lot of time. Steve Jobs noted
that the only way to be satisfied in your life is to do work that you
truly believe in.
3. Take the risk.
We never know the
outcome of our efforts unless we actually do it. Jeff Bezos said it
helped to know that he wouldn’t regret failure, but he would regret not
4. Believe in yourself.
Henry Ford famously said, “Whether you think you can, or think you
can’t, you’re right.” Believe that you can succeed, and you’ll find ways
through different obstacles. If you don’t, you’ll just find excuses.
5. Have a vision.
founder and CEO of Tumblr, David Karp, notes that an entrepreneur is
someone who has a vision for something and a desire to create it. Keep
your vision clear at all times.
6. Find good people.
you’re with is who you become. Reid Hoffman, co-founder of LinkedIn,
noted that the fastest way to change yourself is to hang out with people
who are already the way you want to be.
7. Face your fears.
fear isn’t easy, but it must be done. Arianna Huffington once said that
she found fearlessness was like a muscle -- the more she exercised it,
the stronger it became.
8. Take action.
The world is full
of great ideas, but success only comes through action. Walt Disney once
said that the easiest way to get started is to quit talking and start
doing. That’s true for your success as well.
9. Do the time.
one succeeds immediately, and everyone was once a beginner. As Steve
Jobs wisely noted, “if you look closely, most overnight successes took a
long time.” Don’t be afraid to invest time in your company.
10. Manage energy, not time.
Your energy limits what you can do with your time, so manage it wisely.
11. Build a great team.
one succeeds in business alone, and those who try will lose to a great
team every time. Build your own great team to bolster your success.
12. Hire character.
you build your team, hire for character and values. You can always
train someone on skills, but you can’t make someone’s values fit your
company after the fact.
13. Plan for raising capital.
Harroch, a venture capitalist, has this advice for upcoming
entrepreneurs: “It’s almost always harder to raise capital than you
thought it would be, and it always takes longer. So plan for that.”
14. Know your goals.
Allis, co-founder of iContact, pointed out that having the end in mind
every day ensures you’re working toward it. Set goals and remind
yourself of them each day.
15. Learn from mistakes.
entrepreneurs point to mistakes as being their best teacher. When you
learn from your mistakes, you move closer to success -- even though you
16. Know your customer.
the founder of Wendy’s, cited knowing your customer as one of his three
keys to success. Know those you serve better than anyone else, and
you’ll be able to deliver the solutions they need.
17. Learn from complaints.
Gates once said that your most unhappy customers are your greatest
source of learning. Let unhappy customers teach you where the holes in
your service are.
18. Ask for customers’ input.
what customers want or need will never lead to success. You must ask
them directly, and then carefully listen to what they say.
19. Spend wisely.
you spend money on your business, be careful to spend it wisely. It’s
easy to spend too much on foolish things and run out of capital too
20. Understand your industry.
Tony Hsieh, the
founder of Zappos, once said, “Don’t play games you don’t understand,
even if you see lots of other people making money from them.” Truly
understanding your industry is key to having success.
21. Deliver more than expected.
What’s your favorite success tip for entrepreneurs? Share it below in the comments section below.