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.
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 …
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. …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
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…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…