When starting a business, there are various factors that require your careful consideration and it can be overwhelming at times. Considering advice from famous business founders is a good start since they are already at the top of their games. You get to see a clearer picture of business startups from their perspectives.
Jeff is the founder, president, and CEO of Amazon, an international technology company. He has been the world’s richest person since 2017. He is the first person in the world to have a net worth above $200 billion.
When Jeff started Amazon, he only had ten employees, and he has since turned it to one of the most valuable companies worldwide with around $860 billion market capitalization. During Amazon’s re:MARS 2020 Conference Jeff said,
‘‘Take the risk. You have to be willing to take the risk. If you have a business idea with no risk, it is probably already being done.’’
In a different setting, Jeff also advised that even if your idea does not work, it would be an experiment in different ways. According to him, entrepreneurs should be passionate and risk-taking.
When starting a business, are there various factors that require your careful consideration and it can be overwhelming at times. Taking valuable business startup advice from highly successful founders or taking a leaf out of their book could really help in orientating and give yourself a leg up on the competition.
Sir Richard Branson is the founder of Virgin Group, and he is among the world’s renowned billionaires. Richard has an empire that’s made of over 400 companies which includes record stores, airlines, publishing organizations, and commercial space travel. Besides, he has also written many books which include his autobiography, Finding My Virginity, which explores Richard’s ups and downs in his over fifty years as an entrepreneur.
In an interview on 30 Days of Genius with CreativeLive, Richard got to give business startup advice to aspiring entrepreneurs who are motivated to start their businesses first-hand. Richard adds that great ideas are made from bad personal experiences. Therefore you should be on the lookout for something that frustrates you in your environment since a great idea can come from that.
‘’ If you can change people’s lives, you have a business.’’
Arianna Huffington is a co-founder of The Huffington Post as well as the CEO and founder of Thrive Global. She has written fifteen books under her name. Arianna stepped down from her post as Editor-in-Chief of The Huffington Post in 2016 to head her next venture Thrive Global; a wellness start-up that offers training workshops on ways to reduce stress. Having making her mark and coming this far, she has a valuable advice to give to fresh entrepreneurs and her quote goes:
“You have to really believe in your product to deal with the naysayers and persevere.’’
She strongly believes that you ought to love your product or service since not everyone will love it. Arianna gave her experience on how people didn’t love The Huffington Post when it was launched. A critic also wrote that it was a failure. In spite of all the negativity faced, they still persevered and succeeded.
The founder of the blogging platform Tumblr, David, is an entrepreneur and web developer. His interest in technology began at a very tender age. He began learning HTML at the age of 15. Eventually his passion culminated into him launching Tumblr - a site he had always envisioned -in 2007. He reckons that an entrepreneur is anyone who has a vision and has the desire to build whatever they are imagining. Here is a tip of his for enterprising start-up owners:
‘’Find a space where you can be creative and a place where you can open for free-thinking, you want to enjoy what you are doing and do what you are best at.”
The CEO and co-founder of Facebook is among the world’s youngest billionaires. Like David, Mark’s interest in technology started at a young age. At the age of 12, Mark created his very first messaging application called Zucknet with Atari BASIC.
In school he would also create games to enjoy with his friends. Many companies were interested in what Mark was doing and wanted to hire him before he graduated. He declined the offers and even dropped out of Harvard to work on his networking site, Facebook.
In an interview, Mark gave a business startup advice to upcoming entrepreneurs. He said that you shouldn’t just start a company, instead begin with the problem you intend to solve.
‘’People often decide that they want to start a company before they decide what they want to do. And that feels backwards to me.”
He strongly believes that the best companies are made only when you believe in whatever you intend to deliver to the people will add a lot of value to their lives.
Tony besides being one of the best-selling authors, a motivational speaker and a business strategist, is also a philanthropist and is recognized in psychology leadership. Tony has been an advisor to leaders for over 38 years. He has empowered over 50 million people from different countries through his work. Here is Tony’s business advice for startups.
‘’Business success is 80% psychology and 20% mechanics. And, frankly, most people's psychology is not meant for building business.’’
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