Today we feature great startup advice from the worlds top young millionaire & billionaire CEO’s.
Nothing is more valuable than learning from others mistakes and successes. So here are some great points to consider from a handful of young and successful CEO’s who made their millions and billions at a young age.
Startup Advice From Young Millionaire & Billionaire CEO’s
“Embrace what you don’t know, especially in the beginning because what you don’t know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else.” – Sara Blakely (Founder Of Spanx)
“People still stereotype all day long. But if you forget your own age, you’ll get so focused on the business that you become ultra-confident and people will forget to question how old you are.” - Gurbaksh Chahal (Founder Of RadiumOne)
“Find a space where you can be creative and a place where you are open for free thinking, you want to enjoy what you are doing and do what you are best at.” – David Karp (Founder Of Tumblr)
“Your biggest challenge as an entrepreneur is not concealing your idea from others or keeping your idea a secret, it is actually convincing people that you’re not crazy and that you can pull this off.” – Sean Parker (Founder Of Napster)
“I think the biggest thing to do — the hardest thing to do — is to start. You have all these ideas and everyone has an idea but it’s really about executing the idea and building the idea and attracting other people to help you work on the idea. That is the biggest challenge. But the way to begin is to get the idea out of your head, draw it out, talk about it, program it if you’re a programmer or make it if you’re building something.” – Jack Dorsey (Founder Of Twitter & Square)
“It is important for young entrepreneurs to be adequately self-aware to know what they do not know.” – Mark Zuckerberg (Founder Of Facebook)
“Don’t take too much advice,”Most people who have a lot of advice to give — with a few exceptions — generalize whatever they did. Don’t over analyze everything. I myself have been guilty of over-thinking problems, just build things and find out if they work.” – Ben Silbermann (Founder Of Pinterest)
“You’re building a tool, not a piece of art. Don’t be blinded by the vision.” – Andrew Mason (Founder Of GroupOn)
“Be true to yourself. If you follow that principle, a lot of decisions are actually pretty easy.” – Tony Hsieh (Founder Of Zappos)
“I realized I probably just saw the world differently than the people who said the stuff I was excited about wouldn’t work.” If you’re passionate about an idea, “find a way to build it so you can prove to yourself that it doesn’t work.” – Dennis Crowley (Founder Of FourSquare)
“You need space to try things and create. It takes a long time to recalibrate if you let people pull at you all the time. A lot of stress comes from reacting to stuff. You have to keep a certain guard [up], if you’re a creative person. ” – Pete Cashmore (Founder Of Mashable)
“You have to have more leadership, less management. It’s about getting stuff done, you can sit around and analyze things forever but while you do that the competition has moved on.” – Peter Vesterbacka (Founder Of Rovio Games – ‘Angry Birds’)
“You don’t need anyone’s approval and in fact, you probably won’t get it, so don’t even try. Build, release and iterate. Make a list of the features you want to create over the next six months and get going! For small companies, once a week; for larger companies, maybe twice a month.” – Kevin Rose (Founder Of Digg.com & Podcaster)