21 Success Tips for Young and Aspiring Entrepreneurs, The reason you should care about the business advice other successful entrepreneurs have to share with you… is that their experiences and words of wisdom may just come in handy one day.
To be a successful entrepreneur you’ve got to have the great quality of a leader, else you wont build a great team, remember a business without a trusted team is “Failure” .
some of the success tips are advice from Great and successful Entrepreneurs. (Don’t work harder…. Work smarter)
this advice and tips by God Grace will guild you through your success journey of becoming most influential entrepreneurs like; Jeff Bezoz(AMZN) Mark Zuckerberg(FB) etc…
1. Have a solid business plan
Planning plays a crucial role in any business success. A business plan is a good place to start – defining your skills and weaknesses, what you offer, how it’s unique and how you plan on growing your offering. What’s more, try to prepare yourself mentally and practically for anything that could go wrong and how you would deal with it. For example, what happens if you get injured? What if clients pay you a month late? What if a weather disaster affects you? Or a trusted supplier goes bankrupt?
2. Richard Branson.
airlines, record stores, publishing organizations and he’s even tackling commercial space travel. He’s also the author of more than a dozen business books, including his latest (fantastic) autobiography, Finding My Virginity that shares from behind-the-scenes of the ups and downs throughout Branson’s more than fifty year career as an entrepreneur. During his interview on 30 Days of Genius with CreativeLive, you get to hear his best business advice for aspiring entrepreneurs who want to start a business of their own, first-hand:
“The best businesses come from people’s bad personal experiences. If you just keep your eyes open, you’re going to find something that frustrates you, and then you think, ‘well I could maybe do it better than it’s being done,’ and there you have a business.”
3. Arianna Huffington.
Arianna is a co-founder of The Huffington Post, author of the recent New York Times best-seller
The Sleep Revolution and stepped down as Editor-in-Chief of The Huffington Post to pursue her new wellness startup, Thrive Global, which will offer wellness trainings and workshops on stress reduction. Here’s her business advice for entrepreneurs who want to start a business for the first time:
“If you’re going to start a business, you need to really love it, because not everybody is going to love it. When The Huffington Post was first launched in 2005, there were so many detractors. I remember a critic who wrote that The Huffington Post was an unsurvivable failure.”
4. Challenge yourself.
Richard Branson says his biggest motivation is to keep challenging himself. He treats life like one long university education, where he can learn more every day. You can too!
5. Believe in yourself.
As Henry Ford famously said, “Whether you think you can, or think you can’t, you’re right.” Believe that you can succeed, and you’ll find ways through different obstacles. If you don’t, you’ll just find excuses.
6. Prepare for financial challenges
Most of the 600+ small businesses start-up survey said that cash flow was by far their biggest challenge. Deal with cash flow blows by saving for a month’s worth of expenses or by getting creative with how you lower your overheads.
7. Mark Cuban.
Mark is an entrepreneur and investor on ABC’s Shark Tank. He’s the owner of the NBA’s Dallas Mavericks, Landmark Theatres, Magnolia Pictures, and is the chairman of the HDTV cable network AXS TV. In his recent interview on 30 Days of Genius with CreativeLive, Mark talked a lot about the mistakes many new entrepreneurs make when they think they’ve found a profitable business idea. Here’s his business advice to those who want to start a business:
“What I always ask people is, (1) is it something you love to do and (2) is this something you’re good at?”
8. Have a vision.
The founder and CEO of Tumblr, David Karp, notes that an entrepreneur is someone who has a vision for something and a desire to create it. Keep your vision clear at all times.
9. Face your fears.
Overcoming fear isn’t easy, but it must be done. Arianna Huffington once said that she found fearlessness was like a muscle — the more she exercised it, the stronger it became.
10. Robert Herjavec.
Robert is a seasoned entrepreneur and investor who’s built & sold several companies to major brands like AT&T. Now a leading authority on information security technology, he’s also one of the most recognizable faces from ABC’s award-winning show, Shark Tank where he’s earned a reputation for sharing down-to-earth business advice to young entrepreneurs. Here’s Robert’s best business advice for aspiring entrepreneurs when it comes to pitching your idea:
“You have 90 seconds, if you’re lucky. If you can’t make your point persuasively in that time, you’ve lost the chance for impact. Facts and figures are important, but it’s not the only criteria, you must present in a manner that generates expertise and confidence.”
“If you’re not prepared to make your pitch, you may just miss your next big opportunity.”
11. Don’t be afraid to ask for help
There are loads of resources out there for networking, knowledge sharing and advice. Networking is not just for new business opportunities; it can be a wonderful source of support and fresh ideas. Attend events such as Leaderex (free master classes) and My Biz Expo (free if you register before a certain date). Don’t hesitate to ask for advice from those around you (such as your intermediary, bank manager, landlord or neighboring businesses), or online forums and Facebook community groups in your area.
12. Find your dream people.
Who you’re with is who you become. Reid Hoffman, co-founder of LinkedIn, noted that the fastest way to change yourself is to hang out with people who are already the way you want to be.
13. Sophia Amoruso.
Sophia transformed Nasty Gal from an eBay store into a multi-million dollar empire with her own clothing line that was named the fastest growing retailer in 2012. She’s also the author of the New York Times best-seller #GIRLBOSS. Here’s her best piece of business advice to aspiring entrepreneurs who want to start a business:
“Don’t give up, don’t take anything personally, and don’t take no for an answer; you never know what you’re going to learn along the way.”
14. Put your faith in a trusted mentor
It can be a family member, former boss or colleague or even a trusted online source or blog. A mentor is an invaluable sounding board – someone who’s been where you are; someone with whom you can have regular, non-judgmental check-ins.61.9% of respondents in our survey didn’t have mentors – however those that did said that they found mentors to have a significantly positive impact on their businesses.
15. Tony Robbins.
Tony is an entrepreneur, best-selling author, philanthropist and the nation’s #1 life and business strategist. A recognized authority on the psychology of leadership, negotiations and organizational turnaround, he has served as an advisor to leaders around the world for more than 38 years. He’s also the author of five internationally bestselling books, including the recent New York Times #1 best-seller MONEY: Master The Game. Tony has empowered more than 50 million people from 100 countries through his audio, video and life training programs. Here’s his business advice for aspiring entrepreneurs who want to start a business:
“The most painful mistake I see in first-time entrepreneurs is thinking that just having a business plan or a great concept is enough to guarantee success. It’s not. Business success is 80% psychology and 20% mechanics. And, frankly, most people’s psychology is not meant for building a business.”
“My business advice? Think honestly about who you are, what you want to accomplish, and what mindset you need to have to get there. Because the biggest thing that will hold you back is your own nature. Few people are natural risk-takers or emotionally ready for the challenges of building a business. You can’t just sign up for a marathon and run it without ever training. You have to increase your capacity and become fit. Being an entrepreneur requires similar kinds of emotional and psychological fitness so that you don’t become the chokehold on your business’s success.”
Conclusion: Every success has a story, and only you can be the author of your story