Success Advice
20 Unstoppable Entrepreneurs Share Their Advice For Success
These amazingly talented male and female entrepreneurs share their most valuable advice for achieving success. There seems to be a pattern of looking past your failures and pursuing your goals with relentless persistence to reach success.
Read on for some invaluable advice on how you can be successful in your business and in life.
Words Of Advice By Successful Entrepreneurs
Sara Blakely (Founder Of Spanx)
“When I was growing up, my dad would encourage my brother and I to fail. We would be sitting at the dinner table and he would ask, ‘So what did you guys fail at this week?’ If we didn’t have something to contribute, he would be disappointed. When I did fail at something, he’d high-five me. What I didn’t realize at the time was that he was completely reframing my definition of failure at a young age. To me, failure means not trying; failure isn’t the outcome. If I have to look at myself in the mirror and say, ‘I didn’t try that because I was scared,’ that is failure.” – Sara Blakely – Founder of Spanx
Gurbaksh Chahal (Author & Serial Entrepreneur)
“People tend to think that in order to start a new business they have to come up with something new and dazzling, but that’s a myth – and it’s often propagated by venture capitalists. Find something you love and do it better than everyone else.” – Gurbaksh Chahal – Serial Entrepreneur, Net Worth $200 Million
Jeff Weiner (CEO of LinkedIn)
“As a child, I can’t recall a day that went by without my dad telling me I could do anything I set my mind to. He said it so often, I stopped hearing it. Along with lines like “eat your vegetables, I just assumed it was one of those bromides that parents repeated endlessly to their kids.
It wasn’t until decades later that I fully appreciated the importance of those words and the impact they had on me.” – Jeff Weiner – CEO of LinkedIn
Kevin Rose (Founder of Digg, Pownce & Milk)
“Go build it. If you really believe in something, you should just build it. If you love it, it won’t feel like work. It’s okay to drop out of college if you have an awesome idea.” – Kevin Rose – Founder of Digg, Pownce & Milk
Caterina Fake (Founder of Flickr & Hunch)
“Entrepreneurs need to start building today. The Internet has amazing powers of distribution. You can test your ideas. You can see if it works, if it doesn’t work, whether it’s fun, and whether you’re sufficiently motivated. People who go into entrepreneurship to get rich aren’t going to be happy. It’s the building of things that makes you happy. You have to enjoy the process whether you succeed or fail.” – Caterina Fake – Founder of Flickr & Hunch
Evan Williams (Founder of Blogger & Twitter)
“Surround yourself with great people, try hard things, say no to distractions and remember to care for yourself. Failure of your company is not failure in life. Failure in your relationships is.” – Evan Williams – Founder of Blogger & Twitter
Richard Branson (CEO of Virgin)
“My mother always taught me never to look back in regret but to move on to the next thing. The amount of time people waste dwelling on failures rather than putting that energy into another project, always amazes me. I have fun running ALL the Virgin businesses — so a setback is never a bad experience, just a learning curve.” – Richard Branson – CEO of Virgin
Eric Schmidt (Executive Chairman Of Google)
“Find a way to say yes to things. Say yes to invitations to a new country, say yes to meet new friends, say yes to learn something new. Yes is how you get your first job, and your next job, and your spouse, and even your kids.” – Eric Schmidt – Executive Chairman Of Google
Elon Musk (Founder Of PayPal, Tesla Motors & SpaceX)
“I always knew that there was a chance of failure in all my endeavors. But I felt that they were important enough that I had to try, even if I thought the probability of success was less than 50%. Try to get together a group of people to do something useful. This may seem like an obvious thing, but often people will organize into a company that doesn’t produce anything useful.” – Elon Musk – Founder Of PayPal, Tesla Motors & SpaceX
Guy Kawasaki (Venture Capitalist & Best Selling Author)
“There is only hard work and luck, which are really two sides of the same coin. The search for a secret sauce is a futile waste of time. Create something, sell it, make it better, sell it some more and then create something that obsoletes what you used to make.” – Guy Kawasaki – Venture Capitalist & Best Selling Author
Mark Cuban (Shark Tank Investor & Owner of the Dallas Mavericks)
“One thing we can all control is effort. Put in the time to become an expert in whatever you’re doing. It will give you an advantage because most people don’t do this. The beauty of success, whether it’s finding the girl of your dreams, the right job or financial success, is that it doesn’t matter how many times you have failed, you only have to be right once.” And, “then everyone can tell you how lucky you are.” – Mark Cuban – Billionaire Investor & Owner of the Dallas Mavericks
Sheryl Sandberg (COO of Facebook)
“I don’t believe we have a professional self from Mondays through Fridays and a real self for the rest of the time. That kind of division probably never worked, but in today’s world … it makes even less sense. I’ve cried at work … I talk about my hopes and fears and ask people about theirs. I try to be myself–honest about my strengths and weaknesses.” – Sheryl Sandberg – COO of Facebook
Chad Hurley (Co-Founder Of YouTube)
“As you start building the product, don’t assume that you know all the answers. Surround yourself with great people. You need people you can trust to do their job and sometimes the product or idea can die if someone is too controlling. Be prepared to adapt. Also, being lean and mean helps you build something more efficient. You may have initial thoughts or ideas on how something will work but you need to observe how you and the community are using it. Don’t be afraid to change direction mid course.” – Chad Hurley – Co-Founder Of YouTube
J.K. Rowling (Author of the Harry Potter Series)
“So why do I talk about the benefits of failure? Simply because failure meant a stripping away of the inessential. I stopped pretending to myself that I was anything other than what I was, and began to direct all my energy into finishing the only work that mattered to me. Had I really succeeded at anything else, I might never have found the determination to succeed in the one arena I believed I truly belonged. I was set free, because my greatest fear had been realized, and I was still alive, and I still had a daughter whom I adored, and I had an old typewriter and a big idea. And so rock bottom became the solid foundation on which I rebuilt my life.” – J.K. Rowling – Author of the Harry Potter series
Matt Barrie (CEO of Freelancer.com)
“Too many capable people limit their options because they think they don’t have enough experience or feel that they need to work their way up the corporate ladder by visiting every single rung on the way up. Too many people tell me that their dream is to leave their boring cog in the machine day job and start their own business, but they couldn’t possibly think of doing that because they’ve never had experience running one – well that’s a bit chicken and egg! Carpe diem! The time is now! Time and tide waits for no man. No one is going to hand you your future on a plate.” – Matt Barrie – CEO of Freelancer.com
Jordan Belfort (Best Selling Author & Motivational Speaker)
“In business you should always offer value first and then get the money afterwards. The mistake I made was that I focused so much on the creation of money without going out there and giving value first. Monetizing value is easy; it’s a matter of building that value first.” – Jordan Belfort – Best Selling Author & Motivational Speaker
Daymond John (Founder of FUBU Clothing and Shark Tank Investor)
“Try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner’s money or assets you’ve learned and you don’t make bigger mistakes. Try to go as far as you can without anybody else’s help first.” – Daymond John – Founder of FUBU Clothing and Shark Tank Investor
Arianna Huffington (Founder Of The Huffington Post)
“My mother told me failure is not the opposite of success; it’s a stepping stone to success. You’re going to fail, probably many times. But that’s okay — in fact, it’s essential. Very often, the difference between success and failure is simply perseverance. If we become so dependent on things always being a success, then we’re in a very vulnerable position — because we’re not in control of how the world is going to receive something.” – Arianna Huffington – Founder Of The Huffington Post
Ben Huh (CEO & Founder of Cheezburger)
“You need to put the fear of risk aside. Startups need leaders who are willing to persevere through the hard times. Failure is an option, and a real risk. Failure and risk are something entrepreneurs should understand well, and learn to manage. Don’t have a fear of talking about your failures. Don’t hide your mistakes.” – Ben Huh – CEO & Founder of Cheezburger
James Caan (BBC’s “Dragons Den” Investor)
“Never stop asking yourself whether you can do things better. Keep testing every aspect of your business to the nth degree, and challenge every one of your assumptions. The tougher you are on yourself now, the tougher your business will be out there in the real world.” – James Caan – BBC’s “Dragons Den” Investor
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Success Advice
How to Alter Your Business Approach With Technological Advancements
Keeping up with technological trends has become a challenge for almost every business owner.
Technology’s evolution has impacted everything, and business is no exception. Keeping up with technological trends has become a challenge for almost every business owner. Entrepreneurs unable to do so are being wiped out of the market.
There is no doubt that AI (Artificial Intelligence) and ML (Machine Learning) have taken over the business world. These technological advancements are impacting decision-making, success percentages, and other entrepreneurial aspects.
Adapting to these developments is integral to business success. Let’s explore how you can accomplish these milestones.
Embed the strength of AI and ML.
AI has modified business operations in major ways. For instance, companies have employed bots for customer support. These bots go through an effective learning process via Machine Learning before being able to answer like humans.
Bots can also perform detailed data analytics and make business moves with high success percentages.
ML is used more for the analysis of data chunks and generating successful predictions. This simply means that business owners do not have to worry about large-scale financial losses.
In terms of deployment and usage, a reputed company like Netflix employs machine learning for decision-making.
Blockchain is increasing the count of business opportunities
Tampering of financial transactions is quite common and causes severe monetary damage to customers. With the rise of digital payments, this risk has increased.
Blockchain is used to elevate your experience for monetary transfers. It combats penetrating events to extract confidential customer information.
Most business sectors are using block chain but finance and supply chain management sections have a higher count. These two corporate sections have several monetary deposits and withdrawals taking place.
In terms of percentage, approximately 72% and 5% of finance and supply chain firms have implemented block chain successfully.
Dedicate Yourself to Continuous Learning and Individual Development
You invest in learning some of the very important skills, including digital marketing, financial management, and how to gain customers as an entrepreneur.
You need to set up your knowledge base about doing business on Coursera and Udemy with the basics that are necessary for the business, building further by networking with experts through webinars.
Besides, Agile methodology will introduce elasticity to your company: this review and feedback system with further correction regularly will allow for enhancing efficiency and promptly reacting to the market.
Developing key skills to achieve goals
Running a business successfully is not only about having niche/domain knowledge. Business owners need to have communication / soft skills as well in addition to niche information.
Here are some key technical/domain-related areas that business owners should have a strong grip on.
Data Storage on Cloud: These days, companies do not store their data on physical servers. Therefore business owners should know how data is stored/edited/removed/updated via AWS, Azure, Google Cloud, and other platforms.
Data Analysis/Interpretation Qualities: These days, data is as precious as gold. Business owners with data analysis abilities make correct predictions. As a result, their ventures grow in volume.
Development/Coding Knowledge
Programming knowledge gives business owners an edge whether the application is developed in-house or outsourced. It assists in getting updates deployed and handling application underperformance without getting professional support every time.
Hacking proof framework
There is no benefit of having an advanced automated system if can be penetrated. Successful business owners have above-average knowledge of cyber security and hacking attempts. They are able to choose top-notch anti-hacking software without much of an ambiguity.
Communication Abilities/Soft Skills
Here are some key communication qualities that business owners should have:
Communication/Conversation: Business owners should use to-the-point sentences in both written and oral communication.
Issue Resolution Abilities: Business owners should be able to drill down to problems and solve them. This is done successfully only if an entrepreneur has in-depth business domain knowledge.
Agile Implementations
It is mandatory for business owners to have knowledge of iterative/agile models. With such a competitive environment, it is impossible for business owners to succeed without adopting an agile framework.
Create a productive well-crafted Business Strategy
A productive business venture starts with a clear vision. The first factor making a business successful is the idea behind it. It helps with endless growth and combating competition successfully. Katherine Philips once mentioned that business goals are inevitable if goals are set concretely.
- Goals should be based on smart achievements instead of complexity. Focus on the value that each one of them adds.
- Business objectives should not be vague. Key indicators should be constructed to measure the success/failure of each milestone.
- Be realistic when setting goals. Do not aim at impossible milestones since they can be demotivating.
- Milestones/goals need to be time-bound. Set a completion deadline for each one of them.
- Business goals should not be alien. Owners can think out of the box but not be obsolete / unrelated.
Create a productive well-crafted Business Strategy
Business owners cannot succeed without having a network. Some tips help in this case. Attend conferences and professional gatherings to connect with other entrepreneurs.
Here are some other related points business owners should pay attention to.
- Attend meetings and conferences to stay updated with trends and meet business owners who already have well-set ventures. This helps in enhancing the learning curve of new / growing entrepreneurs.
- Being a part of business communities/groups is very productive. When one shares opinions and discusses decision-making tactics, it helps in preventing errors and enhancing success rate.
- Even the most experienced business owners have mentors as learning never stops. Take part in mentorship programs so there is an assurance that you are following the correct roadmap.
Conclusion
There is absolutely no doubt that business dimensions have evolved with technological advancements. Successful entrepreneurs have grabbed these changes in due course of time and continue to evolve. On the other hand, people following old paths and conventional steps fade out of competition. In a nutshell, keep an eye on the processes and practices you follow as these factors decide success rate.
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