Being your own boss sounds like an exciting challenge and of course it can be, but with 80% of small businesses failing within the first 18 months, it can be a valuable exercise to seek out advice from entrepreneurs who have paved the way.
“Learn from the mistakes of others. You can’t live long enough to make them all yourself.” Eleanor Roosevelt.
Never was a truer word spoken, so we have selected the top 5 business tips from 5 of the most successful entrepreneurs today.
You must find a way to serve – Oprah Winfrey
“Martin Luthur King said that not everybody can be famous but everybody can be great because greatness comes from serving. The real truth is that it takes service and significance. If you look at all the most successful people in the world – whether they know it or not they have this paradigm of service. I made a decision that I was no longer just going to be on TV. But instead, I’d be a platform for good. Using television as a service changed my career exponentially. You can follow suite, by using whatever it is you produce as a way of giving back to the world. When you shift the paradigm to service and you bring significance to that, success will follow you.”
Believe in your ideas and be the best – Richard Branson
“You definitely need to believe in your idea. There’s really no point in doing something in life unless people feel really good about it and proud about it. You’ve got to have passion for it and you’ve got to be able to inspire other people to have a passion for it too.”
“If an idea is a good idea you should be able to pitch it in two or three sentences and two or three sentences fit very neatly on the back of an envelope.”
“There was no point creating a new airline unless it was going to be palpably better than every other airline in the world, you’ve got to make sure that every aspect of what you do is better than the competition.”
Value Your Time – Mark Zuckerberg
“The question I ask myself like almost every day is, ‘Am I doing the most important thing I could be doing?’ … Unless I feel like I’m working on the most important problem that I can help with, then I’m not going to feel good about how I’m spending my time.”
Get naked – Steve Jobs
“Almost everything–all external expectations, all pride, all fear of embarrassment or failure–these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.”
Paying attention to failure – Bill Gates
“It’s fine to celebrate success but it is more important to heed the lessons of failure.”