The Best Advice For Entrepreneurs
Being an entrepreneur can be tough. It can take nerves of steel and patient families to help turn a passion into a profitable business. Here at Basics to Business, we thrive on learning all we can about new technologies and techniques to help the average businessperson succeed. Today, we thought we would troll the web and find some of the best advice for small businesses out there. As we looked at some of the best advice from some of the tops on their field we started to notice a common theme. It seems that no matter what industry you choose to work in there are common insights that can help you reach the top of your game. Here are some of our favorite bits of advice, from a range of top professionals.
- Find something you love and turn it into a career.
From Dennis Crowley:”Do what you love, and the rest will come.” After co-founding two businesses, reportedly turning down a $125 million acquisition offer and being named to just about every “40 under 40” list imaginable, Dennis Crowley, CEO of Foursquare, still cites the advice his mother gave him repeatedly as a child: to follow his heart.
- Great ideas are fine but look for bankable great ideas if you want to succeed.
From Rick Alden: “The fastest route to revenue wins. That one product may not be your fantasy, but revenue on a simpler product today always beats running out of money developing a more complicated product that won’t launch for another year.”
- Never stop learning. (Sometimes this means learning from your mistakes.)
From Vanessa Van Edwards: “Every time you think to yourself, ‘I already know this’ or ‘This isn’t for me,’ try turning it around by asking, ‘How can I make this work for me?’ This instantly puts you into a learning mindset and helps you see opportunities everywhere. I learned this from Marie Forleo and it has fundamentally changed how I approach my business life.”
From Chase Jarvis: “The best business advice I’ve ever received was from the legendary Sir Richard Branson (an investor in CreativeLive and mentor/inspiration to me). Put simply – it’s exceedingly rare that greatness comes from a single blind all-in swing or a brash act. Boldness is required but the boldness that sticks around to experiment regularly, to fail small and often, and cultivate a culture of risk taking is what generates the most wins in the end.”
- Surround yourself with the right people.
From Brian Sharples: “It’s critical to spend the time early on to hire the right people. If you are disciplined in finding the best and brightest people who are also team players then management is easy.”
So what is the best advice that you have received as a business person? What insight put you on the right track? Let us know in the comments. Perhaps we can share your advice in a future post.