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The Top 10 Dare Devil Entrepreneurs Who Embrace Risk

Joel Brown (Founder of Addicted2Success.com)

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To become truly great in business, you have to take risks. Risk is also something most people are afraid of and as a result, they shy away from building a successful business in order to avoid it. However, risk taking is also the reason most billionaires came to become some of the richest people on the planet.

Do you consider yourself to be a risk taker? Do you evade or embrace risk as a part of your life?

Well this article will take a look at 10 of the biggest risk takers in business.

Perhaps one day you can borrow a leaf from these dare-devil entrepreneurs and become a major success.

 

10 Highly Successful Risk Takers In Business

 

1. Donald Trump

Donald Trump risk takerWith his monster TV show The Apprentice, a sprawling business empire and a billion dollar fortune, Donald Trump appears to be on top of the world. What you may not know is that it was not always this way. As a matter of fact, there used to be a time when he was facing personal bankruptcy with personal debts of $900 million. Donald Trump’s business also declared bankruptcy with debts of about $3.5 billion. However, he had cleared his personal debt within a period of 4 years, greatly reduced his business debt and even merged some of his business interests into a publicly held company, all in a short period of time.

Trump is living proof that risk takers can win big in business and lose big as well. As a matter of fact, Trumps success was due to his willingness to take huge risks.

 

2. Bill Gates

Bill Gates risk takerThe billionaire Bill Gates took a great amount of risks while founding Microsoft. He had to drop out of college in order to help create Microsoft. He took a huge risk, starting his business based on his vision that the personal computer would be a useful tool in every office and home.

Bill Gates was prepared to travel in the wilderness of the unknown and would do anything to win. He even went up against Steve Jobs and was not threatened to copy or borrow ideas from other great innovators and tech companies.

This paid off in the end when his company became a tech giant worth billions of dollars.

 

3. Henry Ford

Henry Ford risk takerThe world famous inventor of the automobile was very imaginative and willing to take risks. He slashed prices so steeply that he risked taking losses yet he managed to meet the crushing demand for Model T’s.

In order to satisfy consumer wants, Ford had to take it to the next level with a do or die attitude. Henry Ford even cut down the working hours and increased minimum wages for his workers so that they could work for a longer period of time before quitting. A very risky move that could be considered a mistake to most but was a strong reason why Henry Ford was able to conquer the automobile world.

 

4. J. Paul Getty

J Paul Getty risk takerKnown for his many failed marriages and his capacity for bearing risk, this billionaire oil baron is one of the most successful business people in our history.

J. Paul Getty founded and controlled Getty Oil Company in addition to 200 other companies. He left some of his wealth to the Getty Foundation which he created while still alive.

 

5. Larry Ellison

Larry Ellison risk takerThe founder of Oracle and one of the richest people in the world, Larry Ellison’s net worth is somewhere around $50 billion.

Much of his success has been attributed to taking huge risks. Larry Ellison would promise people non-existent features, only to go back to his developers and demand them to build the products. He would also hire staff unqualified for their position only to train them later with manuals and books.

 

6. Richard Branson

Richard Branson risk takerThe founder of Virgin airways and the 4th richest man in the United Kingdom, Richard Branson’s success has been attributed to taking huge risks in business. With Virgin Records, Branson grew his label by signing controversial acts of the time. He took this risk in order to raise some eyebrows and establish his label in a crowded industry.

At one point, Richard Branson had 125 law suits against his empire, for weird and oddly pathetic reasons. He knows that there are going to be haters out there when you are doing big things, but that doesn’t stop him, he loves the thrill of a risk.

 

7. Warren Buffett

Warren Buffett risk takerAs an investor, Warren Buffett has never been afraid of taking risks and making mistakes along the way. It is his readiness to take huge risks that have contributed to his astounding success.

Warren Buffett understands that stocks and shares are a huge game of risks, but he knows the investment of risk taking experience over time minimises his investment risks for the future, and so nowadays he tries his luck investing in various different industries with a huge measure of success.

Right now Warren Buffett is extending out side of investments and branding companies with his Berkshire Hathaway name. Something he has never really done before.

 

8. Jeff Bezos

Jeff Bezos risk takerFounder and CEO of Amazon.com, Jeff Bezos’ success has been hugely due to the risks he has been taking all throughout his career. Recently, he bought The Washington Post, a struggling new operation and looks to turn it around into a revenue generating business.

Jeff Bezos started his first company from a garage in 1995 and by 1998 he was in charge of a $22.1 Billion market presence.

 

9. Elon Musk

Elon Musk risk takerElon Musk, co-founded PayPal, he created America’s first viable fully electric car company Tesla Motors, started the nation’s biggest solar energy supplier, and rolled the dice with NASA to launch his space exploration company SpaceX all in the space of 15 short years.

Elon has managed to solidify Tesla Motors in a high risk, high cost industry. He faced the critics and haters when he funded his own SpaceX mission to Mars and was on the verge of company collapse when he played Russian Roulette between funding both failing companies Tesla & SpaceX, not knowing if both companies will fall apart or not. Elon Musk is known as this generations well known biggest risk taker.

Elon Musk’s Networth is estimated to be $6.4 Billion and growing.

 

10. John D. Rockefeller

John D. Rockefeller risk takerOwning the world’s largest oil supply known as Standard Oil, John D is the wealthiest person that ever lived. A strategic risk taker, John never settled and was always looking for greater things. He would give up good for great and this lead to his huge success. He knew that with the right intentions, anything could be achieved. He was a humble person who left behind a great legacy.

John D. Rockefeller is well known for taking positive calculated risks in every business venture that he got into.
So as you can see, taking risks comes with huge success.

 

The very things that we stand to lose when we take risks are the very same ones that we stand to gain. The dare devil entrepreneurs that are listed above were able to become successful billionaires because they were ready and willing to take risks. If they had stayed in their comfort zones, they probably wouldn’t have made it to the financial heights that they accomplished. In business, great success comes with taking great risks and trusting your instincts that everything will turn out quite right.

You never know what you can accomplish until you do something that you have never attempted.

Taking the risks gives you the opportunity to step into some of the biggest you could ever imagine.

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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10 Comments

10 Comments

  1. Tim Denning

    Jul 7, 2016 at 7:35 am

    I think Elon Musk takes some of the craziest risks out of the people mentioned. That’s why he changing our cars and the way we travel to space. If we don’t take risk then we can’t expect to push the boundaries of humanity.

  2. Hugh Culver

    Oct 26, 2015 at 12:57 pm

    Great list. Love that you included Rockefeller with modern successes. And there’s so many more: Jobs, Hseih, Oprah, Singer (Medical Manager)

  3. ManuRao

    Mar 29, 2014 at 11:10 am

    Steve Jobs???

    • Paige Briggs

      Sep 3, 2014 at 11:21 am

      So, who is your favorite of these guys? Now mine is Jeff Bezos. I am absolutely obsessed with Amazon. I love how it is always getting better and better .
      I have to say , though I can relate to Larry ellison’s style. I do that in sales a lot. Sell first, educate later!

  4. Martin

    Mar 16, 2014 at 6:44 pm

    Having your success is great. However, if success isn’t built on the cornerstone of the following behavioral principles outlined below, you can bet your bottom success dollar/feeling that kind of success will leave you feelong empty and meaningless, craving for a thirst you cannot satisfy:

    Mark 8:36

    For what will it profit a man if he gains the whole world, and loses his own soul? Or what will a man give in exchange for his soul?

    Luke 12:15

    And He said to them, “Take heed and beware of covetousness, for one’s life does not consist in the abundance of the things he possesses.”

    Luke 12:33-34

    Sell what you have and give alms; provide yourselves money bags which do not grow old, a treasure in the heavens that does not fail, where no thief approaches nor moth destroys. For where your treasure is, there your heart will be also.

    Luke 16:13

    “No servant can serve two masters; for either he will hate the one and love the other, or else he will be loyal to the one and despise the other. You cannot se mammon.”

    Luke 18:18-25

    Now a certain ruler asked Him, saying, “Good Teacher, what shall I do to inherit eternal life?” So Jesus said to him, “Why do you call Me good? No one is good but One, that is, God. You know the commandments: ‘Do not commit adultery,’ ‘Do not murder,’ ‘Do not steal,’ ‘Do not bear false witness,’ ‘Honor your father and your mother.’ ” And he said, “All these things I have kept from my youth.” So when Jesus heard these things, He said to him, “You still lack one thing. Sell all that you have and distribute to the poor, and you will have treasure in heaven; and come, follow Me.” But when he heard this, he became very sorrowful, for he was very rich. And when Jesus saw that he became very sorrowful, He said, “How hard it is for those who have riches to enter the kingdom of God! For it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.”

    Build your success while honoring these principles, then you may call yourself successful.

  5. derek

    Feb 24, 2014 at 1:00 am

    What about Pablo Escabor, he took a huge risk by becoming the biggest drug lord in the world and made a fortune worth over 100 billion lol.

    • lewis

      Oct 14, 2015 at 9:05 am

      Top class banter here I like your style 🙂

  6. Naomi@businessstartups

    Feb 18, 2014 at 2:28 pm

    Hi Joel,

    I can’t remember who said it but I read a useful quote stating “do something everyday outside of your comfort zone”.

    Since birth we are programmed to stay safe and not put ourselves at risk. I think this attitude is why most people lead such mediocre boring lives (they secretly hate).

    Thanks for reminding me why it’s important to not always play safe.

    naomi

    • Kyle B

      Feb 24, 2014 at 5:37 am

      Great point Naomi! It all starts with stepping outside of your comfort zone and trying to accomplish something that was initially intimidating or scary for you or maybe even seemed impossible at one point in time. By testing those limits you are able to push yourself to a new level and often times discover new talents and abilities in the process.

  7. Nikola Gjakovski

    Feb 18, 2014 at 11:11 am

    Risk is first step of success. Always you risk something to get money. Either its love, happiness, wining and lot more …

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Entrepreneurs

9 Support Networks All Entrepreneurs Need to Succeed in Business

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Entrepreneurship is a lonely, but rewarding venture but you don’t have to go at it alone. While new business owners are advised to have an accountant and lawyer on their team, there’s rarely mention about the support networks you need as you start and grow your business. The people in these networks keep you focused, motivated and accountable. They are sources of encouragement, ideas, referrals and resources. Additionally, they give you feedback, constructive criticism and guidance.

Regardless of which stage your business is in, you’re going to need support. It’s best to establish your support systems as soon as you consider starting your own business. Then, cultivate those relationships as your business grows. Following, are the 9 support networks entrepreneurs need to succeed.

1. Mentors

A mentor is someone who has experience in the area in which you need help and is willing to help you. They provide direction and guidance, and shorten your learning curve by months, even years. Mentoring relationships can be formal or informal, in-person or virtual. Generally speaking, the mentor gives more than the mentee. However, the mentee can reciprocate by checking in periodically and asking if he or she needs anything. When contacting your mentor for advice or check-ins, be respectful of his or her time.

2. Accountability Partners (AP)

Accountability partners are the most important support person in your network. They hold you accountable for completing short-term projects. This is either a free or paid virtual relationship that requires commitment from both parties.

Here’s how this relationship works: You tell your AP the project you’re working on, the estimated completion date and desired result. Send a tentative outline of the steps required to complete the project. You both set a mutually convenient check-in schedule.

During check-ins, you will give an update on your progress, discuss challenges and next steps and ask for advice, if needed. You could also brainstorm ideas. Your partner can be a mentor, coach, friend or colleague. Essentially, it is anyone committed and invested in your success.

3. Coaches

Coaches help you develop personally or professionally. You hire and pay them for a set amount of time, although the time could be extended upon agreement by both parties. You can work with multiple coaches simultaneously. Be sure the people you’re considering hiring are qualified to help you before investing in their services. Also remember that you can fire them if they don’t provide the service and support you need.

4. Mastermind Groups

Mastermind groups are small groups that help you move forward professionally and keep you accountable in your endeavor. The group meets on a regular basis and each team member has a turn to discuss his or her successes and challenges, brainstorm ideas and consider possible solutions based on suggestions from team members. They meet in-person or virtually over a long or short-term period. These groups can be formal or informal and with paid or unpaid memberships.

5. Online Groups

Online groups are very convenient when you need help, especially when you spend most of your time online. Most groups are either on Facebook or LinkedIn. The most effective groups have active moderators that post frequently and hold members accountable.

The benefits of these online groups include, but are not limited to, meeting new and cool people, giving and receiving help and accountability. In addition, you’ll develop relationships that may grow offline.

In order to benefit from these groups, though, you have to be active. Don’t just appear with the expectation of getting help or drop in periodically. Be prepared to share your knowledge and experiences consistently. Memberships to online groups are typically free.

6. Meetups

Check out Meetup.com to connect in-person with people with similar interests in business, hobbies or fitness. In addition to meeting people and learning new things, there may opportunities to conduct presentations and workshops. You may also connect with potential partners for business projects. Most meetups are free to attend however, some events require a small fee.

7. Professional Organizations

These member-based organizations cater to professionals in specific professions and industries. Continuing education, updates on industry news and laws, and networking opportunities are just a few benefits they offer. You have to pay annual dues, as well as registration fees for monthly meetings and other events.

8. Friends

Friends are your foundation. They will listen to you, encourage you, and be honest with you, even if you don’t like it. When they may not know what you’re talking about. They may even ask clarifying questions and offer suggestions. Most importantly, they will comfort you during challenging times.

9. Business Development Centers

Your business growth is their priority. They have counselors and partners to help you at all levels of business. They hold workshops, seminars, conferences and networking events, sometimes in partnership with organizations who want to reach business owners. They offer opportunities to pitch and present your business to investors and banks for funding. And they connect you with other business owners who can become clients or partners. Counseling services are free, but you do have to pay for workshops, conferences and other special events and services.

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5 DIY Skills That Will Take Your Entrepreneurial Journey to New Levels

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An entrepreneur can be any person who builds and operates their own business. Entrepreneurs take on a greater risk than that of people who are employees of a business. Because of risks such as financial uncertainty, business oppositions and career stability, entrepreneurs possess unique skills not everyone has.

Make no mistake, entrepreneurs aren’t always born with these skills. Many obtain their business expertise by learning and growing in their industry. Whether you are struggling with your startup plan or wish to make your startup standout, you’ll need a specific set of skills to thrive.

You may already know some of these skills but you simply need to improve them. Take a look at these 5 DIY skills every entrepreneur needs:

1. The Ability to Communicate Eloquently

Every entrepreneur needs to be an effective communicator whether you’re a solo entrepreneur or you run a company with over 600 employees. You need to understand how to communicate effectively with business partners, customers and employees you deal with on a daily basis.

If you have underdeveloped communication skills, the growth of your business will suffer. Your success at getting your point across clearly can be the difference between sealing a deal and missing out on a potential opportunity.

When you’re an entrepreneur you should be able to express yourself concisely in the following scenarios:

  • Clearly explain policies and procedures to customers and clients
  • Answer any questions about your products and services
  • Public speaking during conferences or presentations
  • Friendly but fair demeanor towards your employees

Effective communication can foster excellent relationships with customers, employees and business partners. In turn, your relationships with everyone involved in the business will improve morale and efficiency.

Here are a few ways you can improve your communication skills: Active listening, understanding non-verbal signs, maintaining eye contact, assertiveness and dealing with different points of views.

2. A Talent for Sales

Having a talent for sales is a skill that will help you go far as an entrepreneur. This is especially true if you’re a merchant. If you’re selling goods you need to be able to sell anything and be knowledgeable about your product. As an entrepreneur, you’ll also need to know how to sell your business ideas to potential investors

Sales representatives are known for their tenacity. They’re extremely persistent in their pursuit to sell. Persistence is important in a business because a sale rarely happens on the first contact. Such resilience is vital to entrepreneurs who have to experience failure before succeeding.

Having a talent in sales will make you a successful entrepreneur because you’ll excel in these areas:

  • Share ample knowledge about products and services
  • Strategic prospecting
  • Building rapport with clients
  • Sourcing new business effectively
  • Gaining customer loyalty

Sales reps care about results but the way they achieve this is by being relentless and never giving up on their target.

3. Excellent Problem Solving Skills

In any business, there will be a few obstacles you’ll need to overcome in order for your business to grow. The good news is there will always be a solution to every problem; you simply have to think outside the box.

In order to solve problems effectively, you need to be extremely decisive. Sometimes this will require you to make decisions on the spot when a problem arises. As a novice entrepreneur, know that it’s acceptable to make mistakes; sometimes your decisions won’t be the best but they will help you grow your problem-solving skills.

Not everyone will agree with your products and services but this is a good way to test your problem-solving skills. For example, you’ve started up a food business but people may not be happy that there are no animal-free options. The way you can solve this problem is by implementing vegetarian and vegan dishes to your menu.

4. An Aptitude for Negotiations

Entrepreneurs face many challenges, especially when presenting innovative ideas to help expand the business. One skill needed which can guarantee the success of any entrepreneur is the ability to negotiate. Excellent negotiation skills can help you close deals and gain a positive reputation. While not all entrepreneurs have negotiation skills you can learn if you apply yourself.

An effective negotiation skill is to always be prepared. Have all your documents in place when you’re having a meeting and be equipped to answer any questions or inquiries effectively. When negotiating, always keep your emotions under control. Know that everyone has different opinions and you must be responsive in a professional manner when dealing with these views.

Make sensible compromises when negotiating. This means you shouldn’t give away anything unless you’re receiving something in return. Both parties need to understand this concept and need to accept any changes going forward.

If you’re negotiating because a problem arose with your products or services, try to write up policies and procedures for your company. Make them visible to all people connected to the business so you’re always covered legally.

5. Be Knowledgeable in your Field

No one will do business with someone who doesn’t know their own products and services. That’s why it’s imperative to have ample knowledge of the products and services you sell. You can then answer questions on the spot and give your clients in depth detail about what you can offer them.

A successful entrepreneur knows all the ins and outs of his or her business. This includes how products work, the materials used to manufacture them and if they’re safe to use. Make sure you know the process of your business and how you conduct your services. This will build excellent rapport with your clients.

Becoming an entrepreneur is something many people wish they could achieve but not everyone is brave enough to take the risk. What people don’t realize is that the skills are within reach if you’re only willing to learn. Simply tap into them by expanding your knowledge and build skills through experience.

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The Secret to Becoming the Most Desirable Person to Do Business With

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Marketplace distinction is a very important factor in business today. You might have discovered that several other businesses offer the same or similar solutions that you do. This creates tough competition to get customers.

Being first to the market often gives an initial edge but that doesn’t last as innovation and marketing strategy changes the expectation and taste of customers. Blockbuster Video was once an industry leader but now it is eclipsed and out of business because of Netflix. There was a time Blackberry phones were at the top of the smartphone world as well. Now they have been outclassed in that market.

You must have noticed also that the companies with the best products and services are not always the ones with the best business. In fact, it is a common notion that smaller companies often offer better services than their larger competitors. This perhaps is because of the fact that they have smaller clients and can offer more tailored solutions and customer service. However, the majority still keep rushing to the largest companies in the industry. The common assumption is that the product or service is better, but in several cases, it’s not.

Becoming the company with the best business in the industry depends on how desirable you are to do business with as an entrepreneur. And if the business is a large corporation, the business depends on how desirable the managers and company representatives are as well.

We live in a day and age where clients and customers are emotionally driven towards making a purchase and then create a logical reason to back up their emotions. Nobody buys if the logic says yes but the emotions say no. This is why several companies today are trying to associate their brand with known social vices. You do remember the Nike ad with Colin Kaepernick and the Gillette ad that sparked a lot of discussion on social media. You don’t have to go that far if you don’t want to as there is another way.

“Know what your customers want most and what your company does best. Focus on where those two meet.” – Kevin Stirtz

There is a local community I once had to live with. The community was famous for its spiced roasted meat. It was sold on the street by the locals. When people come around to buy from them and speak English, they sell at their usual prices. But if you approached them and spoke their native language, they will be beaming with smiles and you can walk away with as much as a 50% discount. Why? The most beautiful thing to the ears of any person is their own language, especially when they least expect it.

This can be flipped into the business world too. Instead of triggering an emotional downpour on social media, you can target your audience and make them yours. It is the way to become the most desirable person to do business with. Speak the language of your customers.

Below, are the 2 steps to becoming the most desirable person to do business with whether you have a big company or are a one person operation:

1. Identify where your customers are

It’s difficult to know who your customers are without knowing where they are. A smart way to learn where the customers are is to conduct a survey of the customers you have already and find out how they learned about your company. The survey will seek to understand their reason for doing business with you and it might not be what you think.

The survey should also seek to understand what all your current customers have in common. It might be another product or service offered by another company complementary to yours. It might be a certain location. It might be a specific industry. The purpose of this is to pinpoint a waterfall of potential clients.

2. Identify what your customers want to hear

You have probably heard of trigger words. Yes, they do exist but they vary depending on the type of clients or customers you serve. You learn the words by listening to them. The purpose is not to manipulate the customers but to create an emotional connection with them when you talk about the solution you offer them. There are clients who walk away from the solution they need just because they did not connect with the one offering the solution. So make sure you are listening to them and figuring out a way to create an emotional connection.

The decision of the client to do business with you is not hinged on how awesome your product or services are, rather it is based on how well you understand their problem. They are going to know how well you understand their problem with how fluent you speak their language. And that is the secret to being the most desirable person to do business with.

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Entrepreneurs

3 Ways You Can Get Back to Basics While Accelerating Your Business Growth

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Young kids are a living, breathing, walking and talking reminder of how important the basics are. They usually underestimate simple everyday tasks and create new chaos in the process. This creates a real time reminder for themselves, and everyone around them, of how important getting back to the basics are. If you have ever watched a baby try to walk or eat, something you do every day, this is very clear.

A growing business is much like a growing child. Rapid growth during the first few years, independence and confidence as the idea grows into a profitable business, and eventually adolescent rebellion once the taste of success comes in. As a business grows, change becomes inevitable, and can very often be unmanageable and overwhelming.

A business can also experience growing pains. From adding staff, to something as simple as time management, the growth of a business can sometimes be more stressful than the death of a business. Success hinges on adaptability, but it is equally important to take time to recognize what got you started when the business was just an idea.

Here are some of the stages your business may be going through, and the way to adapt and grow effectively and efficiently:

1. The terrible twos

As your company grows, the expectations of it and you will change. You are no longer the new kid on the block with limitless potential. Sticking to your core values and adapting to change becomes a full-time balancing act. Very often this early onset of success allows you to hire more people and expand your reach. Especially in companies experiencing hockey stick growth, you may have forgot to create a corporate culture when it was just a few of you in a garage.

Even if you are in an early stage of your company it is important to document the work you are doing and create Standard Operating Procedures (SOPs) and expectations of every task you are completing alone. Once you hire someone, it will be much easier to train them if you can hand them a document telling them this is how you do it.

“Without continual growth and progress, such words as improvement and success have no meaning.” – Benjamin Franklin

2. The tween years

People can get so busy working in their business that they forget to work on it. Be sure to notice the borders of your company and plan how to broaden them. As a company now with profits, employees and resources, you’re keeping busier than ever, but not sure what is next. Much like a child still needs their parents for some of the basics like food and shelter, during this stage of business, coaches and mentors are so important. Be sure to surround yourself with people who are where you want to be and learn from them. This is the make or break point for many businesses so make sure you are working and surrounding yourself with the right people.

3. Entrepreneur adolescents

Many teenagers feel like an adult, because physically and mentally they feel like they are there, but socially and economically they are not even close in most cases. Success can be blinding and create this same false positive for a growing company. Success can create a comfortable bubble that can distract from further growth. The comfort can create slip-ups and mistakes. Be mindful, and don’t let progress slow you down.

During this stage of business, coaches and mentors are still a key factor to success. They may not be the same ones you had in earlier stages, but the great thing about today’s market place is you can find someone out there to get the advice and guidance you may need. In this phase it very well can be a peer or someone on the same level. 

So, what can you do about this day to day? Read below:

1. Back to the Future

Go back to old emails, files, photos, and reminisce. Every venture has a beginning. The photos and emails you have recorded and collected can be just as much an inspiration as your current goals and challenges. Make sure you have the TimeHop app on your phone, this will help jog your memory.

2. Get feedback

Talk to clients and get feedback. We get many chances to talk to new clients, but make sure you go back and question old clients to understand their perspective on your work and business. Ask them about the changes they have noticed and whether the same kind of qualities are still there when they started with you.

“No company can afford not to move forward. It may be at the top of the heap today but at the bottom of the heap tomorrow, if it doesn’t.” – James Cash Penney

3. The Social Network

Networking is key as well, both on and offline. Listen to new people and new customers. You will see plenty of new faces along your journey up, make sure you are receptive and accepting of the new kinds of ideas these people bring along with them. Rigidity can kill a business. Make sure you are networking with the right people online via social media. During all stages of growth, it is so important to be networking in person locally, and make sure you get on a plane and go to an event!

Remember, a business is run by people, and as a CEO and Entrepreneur, you are a person. Make sure you keep growing your business, because if you’re not growing your dying.

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