Some of the best entrepreneurial advice is from the most successful entrepreneurs themselves. They have been around the block, failed, and rebuilt themselves again. They have seen the good, the bad, and the ugly of being an entrepreneur and are the first to reach out to if you need advice.
- Figure Out If You Need Business Partners
Suppose you can’t afford to hire a business partner, don’t. Nine out of ten entrepreneurs have long-term issues with their partners. If people see you working hard they will want to be your partner, but it’s better to value the relationship more. Not only that, but partnerships can get messy, as different personalities are involved that may not work well together.
- Look For Angles
Before starting a partnership, make sure you have a compelling reason to work with the other person. This will help you attract the other person’s interest.
Doing business is like going through a relationship. The goal is to find the other person’s sweet spot.
- Listen To What Your Gut Says
Even if everyone in the room believes you’re not smart enough or experienced enough, do what your gut tells you. This will allow you to make the best decisions. Although others may disagree with you, go with your gut.
People have made many wrong decisions, whether because they were pressured into doing something or incapable of making the right choices due to their lack of experience or intelligence. Those decisions have always been the wrong ones.
- Start Your Day With The Most Important Things
Make sure you spend the first two hours of your day doing the most important things. Doing nothing else will not only improve your performance, but it will also make you feel better.
Unfortunately, many people get caught up in “doing things” that they don’t need to do.
- Values Can’t Be Learned
A significant piece of advice is Richard Branson’s belief that people can understand most of their skills and learn them, but it’s hard to train them on their personalities. Most people will still hire based on credentials, instead of their cultural compatibility, and it is a mistake you will be learning from if you do so.