No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
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5 Amazing advice to help you in Business and in Life
Over the years, I have heard people give amazing advice to upcoming and inspiring entrepreneurs to help them in their journey, among them are these 5 keys advice that i think will not just help people in business but also in the ordinary works of life.
Below are 5 amazing advice am sure will help us all. if you enjoy this article after reading please ensure to share it with your loved ones. Thank you in advance.
is the most valuable thing you have
My father, was my first and best
mentor. He taught me to analyze my day on a dollar-a-minute basis. Every day, I examine the week ahead. I evaluate where to dedicate my time before
moving things around. I ask, “How long will this take? What’s my upside? What’s
the opportunity cost?”
I turn down free equity in people’s businesses every day because
they want too much of my time: a weekly one-hour call, a monthly face-to-face
meeting, a quarterly retreat. But it’s a startup. If it makes $1 million in
three years, I’ll get 5 percent, which is $50,000. The math isn’t worth it.
I recently acquired 2 million shares of stock in a public company,
trading at 60 cents a share. They only asked for a quarterly board
meeting — two in person. The upside made it worth my time.
My mentor taught me,
“The world likes inertia. It loves to say no. As an entrepreneur, it’s your job to keep saying yes and create the change
that the world doesn’t yet know it needs. Don’t expect any thanks or pats on
the back. Seeing the change you helped shepherd will be enough reward in
3. Don’t get in
your own way
The advice I’ve carried throughout my career is,
“Three things bring great people down: fear, greed and ego.” If you look back
at the downfall of any leader throughout history, you’ll find they exhibited at
least one of these traits, if not all of them.
Vinnie Viola, a man who beat the odds by becoming a self-made
billionaire after growing up on the streets of Brooklyn, and whose father was a
truck driver, told me this one night over a drink while we were in Austin. His
advice guided me to make some of the most successful business partnerships by
focusing my efforts on people who are level-headed, generous and humble. And I
too strive to exhibit these qualities in my own life.
very careful how you spend the first and last two hours of each day
closest mentor — one of the most successful leaders in the financial
industry — gave me this tidbit early in my career: “Most people wake up
reactively, adhering to the world’s needs, not their own.” In a world of
unlimited communication, people don’t disconnect from society to analyze their
The first two hours of your day should be spent aligning your
short-term efforts with your long-term goals. I wake up during the week at 3:30
a.m., taking the time to meditate and read for 20 minutes. Then I spend an hour
doing an intensive workout like circuit training or hiking.
The last two hours of your day dictates your energy for the next
day. I spend an hour studying or learning a new skill, and the last hour
planning my next day.
Learn to work harder on yourself than your job.
5. Think big;
don’t be afraid to be bold
an entrepreneur takes you from making a nice salary to suddenly raising or
juggling budgets worth the same amount. Your scale completely changes. At
times, it’s terrifying to think of the risk taken with the money you could have
lived off for a long time.
One of the investors in my first company, who was a successful
entrepreneur with multiple businesses, pushed me to scale quickly and not waste
time on building things slow. His advice: “Think big; don’t be afraid to do
bold things that will put your ideas and business on the map.”
It pushed me to try bold strategies that still pay off today.
Whether it’s investing in a new product that generates press buzz or betting on
an expensive employee who will pay off with dividends, “not afraid to think
big” became my mantra.
Being a young entrepreneur is difficult, no matter where
you are from. But in Africa, the challenges are often far more emphasised.
Resources, financing, mentorship and supporting services are even scarcer. Yet
despite this, the continent’s youth unemployment is higher than elsewhere,
and for many young Africans, entrepreneurship is less of a choice, and more of
a requisite for survival.
year the Anzisha Prize, Africa’s premier award for entrepreneurs between the
ages of 15-22, identified a handful of young entrepreneurs who are
making it in Africa. Here are some of their tips for success. 1. The most important step is the first one
Nteff Alain is the winner of the 2014 Anzisha Prize and is the entrepreneur
behind GiftedMom, an e-content platform for pregnant women.
says having an idea is easy, but turning it into reality is a whole different
story. The wall of challenges an entrepreneur faces can quickly de-motivate
someone from following through on their vision. …
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
We often talk a good
game in the world about how entrepreneurship is a global phenomenon. In
the last week of October, we lived it.
Headlined by Bill gates, the Microsoft giant drew some of the biggest
names in technology together with more than 1,200 entrepreneurs from 170
countries, government leaders and Silicon Valley executives to Stanford
University to put a spotlight on expanding entrepreneurship around the globe.
From the start, the call was for championing entrepreneurship to help
reduce global tensions and demonstrate a different path for youth living in
We don't often enough
connect the bottom line to efforts to make a safer world. I applaud Gates
call to action for this next generation of entrepreneurs, and those in the
current generation, to support them.
Gates proposed that the young entrepreneurs focus on three
"generational challenges": creating education tools to excite
youth who may be at risk of radicalization, build…
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Cletus M. Ibeto (born November 6, 1952) is a Nigerian businessman from the industrial city of Nnewi. He is head of The Ibeto Group, the
largest business enterprise from Nnewi, a city unique for its entrepreneurial
spirit. In the early 1980s, when the oil
crash and a
controversial importlicensing system was making a dent on the
Nigerian manufacturingenvironment, Nnewi went through a growth
period. The Ibeto Group under the Ibeto's leadership was a pace setter in the
region and nation's trading and later manufacturing development. His story
teaches that no matter how your financial situation seems at any point in life,
seeing and taking opportunities when others don’t, smart-hard work,
perseverance, and the right network can change your status for good. EARLY LIFE
22, 1966, at age 13, the highly spirited Ibeto got his school box and
provisions all packed and set for school. Unknown to him, the
academic phase of his life was about to crash, as his father decided that