It is a common misconception that the business world is entirely dog-eat-dog. A madcap scramble to success followed by a king-of-the-hill strategy of crushing anyone who comes close to reaching your lofty heights.
In reality, though, those who’ve made it to the top are keen not to stop others from joining them on the podium, but actually encourage them to do so.
A seemingly constant barrage of business advice from the top-tier business elite is offered about starting a business on a daily basis — from entire editorials to snappy, one-sentence quotes.
Making sense of some of these quotes can be tricky, however. Most offer a golden nugget of business advice, hidden under vague language, jargon and wordplay. You’ve got to be creative to make it in business, after all.
Using his twelve years of experience of running a nationwide chartered accountancy firm, Russell Smith breaks through the jargon and deciphers the message behind the words of some of the world’s most successful business minds.
You’ll see this sort of quote all over the internet. An army of business founders offering up the same advice for those starting a business, just phrased slightly different.
Everyone fails at some point in their business career. All of the biggest names in business have got to where they are by getting it wrong at some point.
As an entrepreneur, it can be tempting to avoid risk, but risks have the biggest payoffs. You need to experience failure, or at least be willing to experience it. Sure, you can achieve stability by playing it safe, but you’ll never build a legacy like Seth Godin.
“You don’t learn to walk by following rules. You learn by doing, and by falling over.” — Sir Richard Branson
To evolve your business, and to grow as a business owner, you have to look for your own path.
Plenty of books and resources out there will offer a step-by-step guide to making it in the business world, and they may work to a point. However, you won’t become the next Richard Branson by following what you read in ‘business for dummies’.
Explore your own opportunities and think creatively. Discover new avenues of business not by cold, hard research, but by experiencing them first-hand and making your own choices. Say social media has not proven effective in your industry, for example. Don’t follow the herd, make it work for you, or at least try.
The more you experience, the more you know and the better your sense of business will become, even if it means “falling over” on the way.
So, you are starting a business. Do you want to be an entrepreneur on the cusp of discovery, or do you want to be a business owner with stability? Pick one, because you can’t have both.
To be comfortable, you need to have certain securities simply not conducive to growth. There is nothing wrong with choosing either, but you must choose. Don’t make the mistake of thinking you can keep things safe and comfortable all while rocketing to the top. It just won’t work.
Know what you want, and you’ll know how to steer your business.
It is said that successful business owners and entrepreneurs need to have a keen eye for gaps in the market. But sometimes, you have to make your own market.
People don’t actually know what they want until innovators like Henry Ford put it in front of their eyes.
A lot of advice will tell you that the way to conducting successful business is being better than your competition, but what if you didn’t have any competition in the first place?
Unique ideas that transform lives are often far more popular than ideas that just perform better than their competitor. Take the iPhone as an example. Nobody knew they wanted an iPhone until Apple unveiled it to the world.
Revolutionise the world, then. Simple.
Niklas Zennstrom was one such person that revolutionised the world, inventing the web-chat platform Skype.
However, as you’ll be aware, Skype isn’t the only web-chat service around anymore. Countless rivals exist.
As soon as the business world picks up on a successful idea, copycats looking to capitalise on the invention swoop in to steal a slice of the market. If you look at mobile app stores, you’ll notice countless clones of popular games, all existing purely on the back of somebody else’s good idea.
That’s why this piece of advice is so poignant and so important to take on board when starting a business.
Being an innovator of industry means you have to work hard and grow quickly to keep on top of your success. In the modern, fast-moving business world of instant communication, a groundbreaking idea can become somebody else’s cash cow if you don’t move fast enough to stop them overtaking you.
If you are going to launch a unique service or product, move fast and don’t unveil it until you’ve got the strength and resources to see it through.
Trump Comments on Stock Market’s latest drop – says it’s ‘peanuts’
Trump says Tuesday’s market drop is ‘peanuts’
President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election.
The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “It’s going to be at 30,000.”
“If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s the way I feel.”
The major stock indexes slid Tuesday after Trump said he thinks it would be a good idea to delay signing a trade deal with China after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points at its lows on Tuesday, led lower by trade-vulnerable Apple, Caterpillar and 3M.
“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters before U.S. markets opened Tuesday. When asked if he had a deal deadline, he added: “I have no deadline, no. … In some ways, I think it is better to wait until after the election if you want to know the truth.”
Despite his assurances that he doesn’t watch the market’s daily moves, Trump often tweets within hours of when the U.S. equity market reaches an all-time high. He has tweeted the keyword “stock market” 107 times since his inauguration
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11 kids quotes we’re all feeling
Ok so there’s always that time when you just wish so bad you could straight up say whats on your mind, but you know you really shouldn’t, so you don’t. Well leave it up to kids to say exactly what you’re feeling, no hesitation or regret. Check out these kids quotes that say everything you wish you could!
Why do kids say the darndest things? Comment with your favorite!
How to become a better businessman in 6 steps; Priceless advice from Entrepreneurs
Become a better businessman in 6 steps following this priceless advice from accomplished entrepreneurs.
- “Do something you’re very passionate about, and don’t try to chase what is the hot passion of the day.”
Jeff Bezos accentuates having passion for what you are doing, because if you don’t love it you are much more likely to give up. It’s hard to take an idea and turn it into reality, especially by yourself or when people whom you respect tell you it can’t be done. The passion and love you give to your project will determine it’s success rate over time.
- “Don’t let people who you may respect and who you believe know what they are talking about tell you that it can’t be done.”
Pierre Omidyar continues to say that often they will tell you it can’t be done and that’s only because they don’t have the courage to try it.
- “If you know exactly who you want to be, you need to spend as much time [as possible] with people that are actually that already.”
This advice from Gary Vaynerchuk is actually priceless when it comes to success in the business world. Think as well “It’s not what you know but who you know,” and surround yourself with people you look up to. Human’s adapt to their surroundings quickly, and soon you won’t just want to be an entrepreneur, you will also know how to act like one.
- “Come up with 10 new ideas every day.”
Coming up with at least 10 new ideas every day will keep your “idea muscle” in shape, which is critical for an entrepreneur in order to keep going and stay ahead of the fast paced business world. James Altucher continues to say that once you’ve done this for about 6 months you will be an idea machine. New ideas keep passionate projects alive and ensure growth in every direction.
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- Realize that, “naturally, nobody is interested in your ideas. You have to persuade them, and you have to show them that you are the one person out there that can do it.”
Robert Greene, an American author known for his books on strategy, also says that “no one is really going to help you or give you direction.” Realizing this sooner than others will give you a head start and the ability to stop looking for recognition in others. Instead, you can focus on your passion project and make it perfect, and the world will not be able to ignore it.
More about ‘Mastery’ by Robert Greene
- “Don’t think about ‘how do I get big fast.’ That will happen if you build something meaningful and important.”
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Danae Ringelmann’s advice is not something to skip. If you rush your ideas or your product you will be relying on luck more than anything to create success for you. While luck is certainly involved in alot of things, relying on it or betting on it to ‘get big fast’ doesn’t help you become a better businessman. Being proud of what you create, instilling passion into your work, and working hard will ensure success more than anything.
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