As an entrepreneur I’ve learned the importance of heeding the best business advice I’ve received from many other top entrepreneurs. The bottom line: It takes a lot to build a business and grow it to profitability. Funny enough, the most impactful lessons have come from my biggest failures though.
Here were some of the biggest and best pieces of advice for entrepreneurs today.
- Becoming successful in business is more about your mentality, psychology and determination than it is about finding little tips, tricks, hacks and exploitations in the marketplace.
- Start today. The only true way to learn is by doing and you can’t afford to sit around waiting for funding, hoping someone else will come along to help you execute on your idea or complain that you don’t have the time. Making excuses won’t help you start a business and it sure as hell won’t help you create the lifestyle you want for yourself.
- Never stop building meaningful relationships with customers and other people in your industry. Choosing to instead view competitors as potential partners and collaborators can positively impact your business in a big way.
- Focus on setting & achieving small incremental goals rather than trying to start a business and instantly build your vision of what the company should be in the years to come. Setting realistic goals and milestones is a major component of my course, The Launch Formula.