Whether you’re an entrepreneur or a business enthusiast seeking inspiration, listening to successful businesspeople can help you move forward. This list of business moguls share their pearls of wisdom to get you closer to achieving your goals. They offer advice from surrounding yourself with the right people to creating bite-sized, achievable goals. We’ve chosen examples from a range of industries, from digital marketing to fashion, to guide you on your venture. Here are ten tips to help you make it big.
Arianna Huffington, author and international media mogul, knows a thing or two about running a successful business. In 2016, Huffington switched lanes to launch a wellness start-up, Thrive Global, to offer professionals wellness training and stress reduction workshops.
In her advice, Huffington says believe in your business 100% and pursue it only if you have faith in it. Huffington encourages entrepreneurs to chase their business ventures despite people’s opinions.
She says: “If you’re going to start a business, you need to really love it, because not everybody is going to love it. When The Huffington Post was first launched in 2005, there were so many detractors. I remember a critic who wrote that The Huffington Post was an unsurvivable failure.”
Author of the best-selling 4-hour Work Week and Tools of Titans, Tim Ferriss believes your success is influenced by who you surround yourself with.
He says: “You are the average of the five people you associate with most, so do not underestimate the effects of your pessimistic, unambitious, or disorganized friends.”
Ferriss believes your network is your net worth. Our relationships and the environment we’re in can affect our businesses. If you want to make it big, welcome those who change your perspective, have grit and help bolster your skills.
From poverty to running a distinguished publishing house, John H. Johnson is no stranger to the struggle. In 1942 he founded Johnson Publishing Company and produced magazines like Jet and Ebony which celebrated African American life and culture. Johnson was a game-changer. He broke boundaries and became the first African American to attain major success in Publishing.
For success, Johnson advised to take things slow to gradually build your confidence: “If you can somehow think and dream of success in small steps, every time you make a step, every time you accomplish a small goal, it gives you confidence to go on from there.”
This business veteran needs no introduction. Bill Gates took a big risk, one that many disapproved of, but it lead to the birth of Microsoft. After four semesters at Harvard, Gates dropped out to pursue the now successful tech company. It is no surprise he is a big believer in the following quote.
Taking risks means stepping outside your comfort zone. Once you're outside, you break free from average living and thinking. Here, you develop the self-confidence to take new routes to success.
“The most painful mistake I see in first-time entrepreneurs is thinking just having a business plan or a great concept is enough to guarantee success. It’s not. Business success is 80% psychology and 20% mechanics.”
Budding entrepreneurs need to be mentally ready to take on new challenges, withstand criticism and failure.
When you’re building your empire, you must learn how to mute negativity. Negative thoughts can stunt your growth and stop you from exploring new ideas or business ventures.
Tory Burch, the influential businesswoman and fashion designer, knows how to build a successful business. Her tip is to always believe in what you’re doing despite the inevitable negative noise.
“Think of negativity as noise and always believe in what you’re doing.”
We know fear can stop us from beginning a business venture or project. Tara McMullin knows this too. As a successful author, McMullin uses her platform to help small businesses grow. She believes the best way to learn is by taking action.
“They [Entrepreneurs] wait to get started. They wait until they have more information, more experience, more money, and a more perfect version of whatever they have created.”
When we wait to begin our business venture, we’re not learning or growing. The key to achieving success is to be proactive.
If we want business tips, Indra Nooyi is the go-to person. Nooyi was the former CEO of PepsiCo which makes her the only woman to have held the top position in the world’s fourth largest company. During her 12-year tenure, Nooyi led an 80% sales increase as CEO.
One piece of important advice Nooyi shares is being yourself.
“An important attribute of success is to be yourself. Never hide what makes you, you.”
Once you bring your authentic self to work, you connect with clients on a deeper level and become more productive. It’s so exhausting trying to be what everyone else expects!
Sandy Sandberg is pretty inspiring. Since 2008, Sandberg is Facebook’s COO and is the first woman to serve on Facebook’s board of directors. In her books, Sandberg inspires and lifts working women with advice on how to navigate the male-dominated corporate world. She believes that you have to be ambitious and take every opportunity.
"Feeling confident — or pretending that you feel confident — is necessary to reach for opportunities. It's a cliché, but opportunities are rarely offered; they're seized."
At 25, Syed Balkhi began his path to entrepreneurship. By 27, he had several successful online businesses under his belt such as WPBeginner and OptinMonster. Balkhi believes that striving for perfection can hinder a company and suggests learning as you go along.
“Perfect is a curse. Innovation in messy. Test, learn, and improve”
In our world’s fast-paced environment, not launching your project fast enough can be a major mistake. Someone may have already beat you to it! He insists on listening to feedback to improve your project.