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The Best Tips from Successful Entrepreneurs from Successful Startups

The Best Tips from Successful Entrepreneurs from Successful Startups

Posted by PanamericanWorld on October 18, 2018

Advice is something a lot of us take with a pinch of salt. While our friends or family try telling us about how to do things that they know nothing about when it comes to business and being a successful entrepreneur, there’s a lot of people out there who have been in the same position and taking their advice could change your life.

Today, we’ve filtered down and sourced some of the best quotes and pieces of advice from some of the best and most successful entrepreneurs across all niches, helping you stay motivated, productive, inspired and on the right track to achieving your dreams.

Ankur Nagpal

"The most painful mistake I see people repeatedly making, particularly with their first project is striving for perfection over getting it done."

Founder and CEO of Teachable, Nagpal shares his insight into the fact that nothing in this world is perfect and it’s so easy to fall into the trap of doing the same thing over and over again while trying to create the perfect vision that you have in your head.

Mark Cuban

"What I always ask people is, (1) is it something you love to do and (2) is this something you're good at?"

This is an advice by Mark Cuban’s, a founder of Broadcast.com, to entrepreneurs who are thinking of starting their own business and don’t know whether their idea is right for them. If the answer to both of these questions is a solid ‘yes’, then taking the first step into your new career may be the only step left to take.

For example, sites like Paper Fellows came from small backgrounds, starting with the likes of Upwork and People Per Hour for writing work before realising the team wanted to branch out and do it for themselves.

Derek Sivers, a founder of CD Baby

"Start now; you don't need funding. Watch out for when you want to do something big but say you can't until you raise money to fund the idea. It usually means you're more in love with the idea of being big than with actually doing something useful."

Having a passion for the idea that you have when it comes to your new start-up business is one of the most important elements that you need to consider.

“Without passion, your idea is simply going to crumble as you project your mind onto bigger prospects, rather than focusing on the now” explains Terry Rogers, the founder of the Big Assignments.

Syed Balkhi

"Perfect is a curse. Innovation is messy. Test, learn, and improve."

With over 25 years of experience in the business industry, it’s safe to say that Balkhi knows his way around a business or two. As a webmaster of several leading educational websites such as OptinMonster and WPBeginner, you can see where his desire to learn something new every day comes from.

Sujan Patel

"The most painful mistake I see inexperienced entrepreneurs make is copying or doing the same things that successful entrepreneurs have done, expecting similar results.”

We see so many copies of things online today, and it’s safe to say that the internet is overflowing when it comes to content. However, as an entrepreneur, it’s important that you aim to be original. When you see a piece of content or another business, you’re seeing the final polished product, the result of a tonne of resources, many sleepless nights thousands of man hours.

The same situation with products and services. Don’t copy work and expect the same results. Create your own business from scratch to be the best.

Robert Herjavec

"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."

A hugely successful entrepreneur, Herjavec is renowned for building small start-up companies or working on projects before selling them to larger brands and businesses, such AT&T. The advice he gives is for aspiring entrepreneurs who are trying to pitch their ideas to companies or for funding.

“This is the advice that motivated me to approach the bank that then was able to finance my start-up and turn it into what it is today” shares Haley Ryder, the founder of Academized.

Jeff Haden

"Never forget that your business needs to take in more money than it spends. I know that sounds too simple, but so many people lose sight of that.”

It’s easy to fall into the trap of thinking that solidly investing all your money into your start-up business is going to make you successful automatically. When you word it like this, that is obviously not the case, but it doesn’t stop entrepreneurs from trying.

Try to spend as little money as possible setting up your business until it makes money and becomes self-sufficient.

Guy Kawasaki

“My best business tip is to focus on the prototype. Don't focus on your pitch deck, business plan or financial projections."

Founder of the visual media creation company, Canva, and author of the critically-acclaimed Art of the Start, referred to as many as the bible of mass content creation by many entrepreneurs, Kawasaki shares the importance that dedicating yourself to your product or service has, rather than wasting your time focusing on the nitty-gritty aspects of your business.

A great example of this is a new business model, described by HuffPost. As the Boomessays company has focused on providing their users with the highest quality and greatest experience they could, before focusing on the little extra bits that a business can do at some point.

Summary

With so many successful people out there, who were able to grow their start-ups into successful businesses, it only makes sense that you should listen. Or at least acknowledge the advice that they are giving you. Too often we find ourselves listening to the people around us and their opinions and, a lot of the time, they simply don’t understand.

Take these words of wisdom however you please and good luck in your future endeavours!

Written by Brenda Berg. 

Brenda Berg is a professional with over 15 years of experience in business management, marketing and entrepreneurship. Consultant and tutor for college students and entrepreneurs at Oxessays. She believes that constant learning is the only way to success. You can visit her personal blog at Letsgoandlearn.com

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