30 Practical Tips for Famous Entrepreneurs

If you are about to start a new business, I have something interesting for you that might boost your changes of being successful. No, I am not a venture capitalist. All I have is few tips and advices given by people, successful famous entrepreneurs to be precise, who have gone through everything that you are about to face. In simple words, here is a list of great advice from great people.

1. Have a vision. Know where you are going.
2. Sometimes we are successful because we are fortunate. But being fortunate is being at the right place at right time.
3. When you are struck with a good idea, don’t wait for things to come to you. Act on it, immediately.
4. Gain knowledge, analyze it, and act on it. Without action, your knowledge is futile.
5. Being in your comfort zone wouldn’t ever benefit you. Get out of it, face the real world.
6. Strive and succeed in becoming bigger than your problems. Take charge, it’s your life.
7. If you want to do business, find people who share objective similar to yours.
8. We all know it takes long, probably many years, to build your reputation and few seconds to ruin it. But if we think about this before every action we perform, we will do things quite differently.
9. Never borrow money
10. The give and take relationship in business – You pay the price, you get value
11. Don’t think small. Think big, very big. Strive to become the best.
12. To check the quality of your business, check feedback of your customers
13. Failing is not a disgrace. Refusing to learn from it, however, is.
14. Keep learning, always
15. Ask yourself, “how you are different from the rest?” and answer honestly
16. Tough times aren’t dangerous. They bring the biggest opportunities
17. Use social media tools to promote your business
18. You have all the resources today – technology, people, money. The only thing you have to produce is the knowledge to use it.
19. Be simple, be clear, be quick
20. Every minor change in the world is an opportunity
21. Start a business after doing your homework. Don’t jump in it just because you have accumulated capital
22. If you want to reach to the other end of the ocean, you have to start from this end. There is no other way. Be persistent.
23. Not being a manager doesn’t mean you cannot lead a team or manage things. You have every thing except designation.
24. Bringing a change is difficult. Be prepared for it.
25. Don’t move ahead without a plan.
26. If you innovate something – a new idea, new product, or a new service – there will always be chaos around. Keep going.
27. If you missed an opportunity, you will get another. There is no difference between a bus and an opportunity. You need to keep your eyes open, that’s it.
28. If you start small, beat giants by providing your employees with what they crave for in big companies – respect, appreciation, and motivation.
29. If you become successful, remember, power and wealth demands responsibility.
30. There are no shortcuts – believe it or blame it.