Paul French, Founder/Managing Director, Intrinsic Search
One of the best pieces of advice I received from a long-term mentor in the early stages of my business was that most entrepreneurs start out working in their business, but the most successful ones figure out how to eventually stop working in their business and start working on it. As a new solopreneur, I thought I could do it all and do it well by myself. I didn't understand how important this advice was until I was spending a lot of my time on the administrative side of the business and less on the customer/revenue-generating channels. Inevitably, all sorts of issues came up, including cash flow problems, burnout, and a shrinking pipeline. Eventually, I formulated a solid plan to develop a team, which allowed me the headspace to develop the vision I had for my business when I was starting. It was nerve-wracking letting other people into my business and trusting their expertise, but I am glad I let other equally qualified people work in my business as I worked on it. Fiftee! n years later, my mentor would certainly be proud of me for taking his advice to heart.
Benedetta Fisanotti, Business Productivity Coach/Founder, The Planning Geek
I help women entrepreneurs feel less overwhelmed about managing their personal life and business, become more productive with time management strategies and business systems, and have more time to simply enjoy life. I'm writing this email in regards to your query, and the best piece of advice I have received is from an influencer called Mattie James. She constantly shares how important it is to stay consistent in our business, even when we don't see results quick enough or when it seems like all our efforts are going unnoticed. She encourages her followers to continue doing the work, to take small steps every single day because eventually the results will come, but if we quit too soon, they never will. I do believe in what she's saying because she's always been transparent about her business journey and how long it took her to build a multiple 6 figure business, so this inspires me to keep going in my entrepreneurial journey, because my consistency will be paid off.
YY Lee, Founder, Zoewebs
Once during a business gathering, the Chairman of ViTrox Corporation Limited, Dr. Kelvin Kiew told me never to get a loan for a business, which became my best piece of business advice in life. Dr. Kiew is a very successful businessman, and he owns many factories and businesses in over ten countries. However, he never borrowed a single cent to expand his business even he has successfully reached today's height. His concept was in contrast with what I learned before, in which I thought every business had to get a loan in order to expand. He told me to utilize whatever resources I have when doing my business. Said Dr. Kiew, it's important not to owe people's money and don't let others owe you either. Conduct your business in cash terms, even when your business is growing bigger. By doing this, you can control your cash flow and know your financial status well. You can grow your business by a little when you have extra money, and you won't fall into difficulty when there is an economic crisis. There are many other ways to get funds if you are in financial need to expand. For example, joint venture, look for investors, government grant, etc., but never borrow money from others as you need to pay a lot of interest and settle the loan even if it is a difficult time. I have followed his advice since a few years ago, and I found his way is absolutely correct. My business is growing slow but steady. Due to the lockdown in my country caused by the pandemic, my businesses decreased for quite some days. However, I do not have any loan problems during this crisis. Albeit some cost-cutting are needed, but my business can still survive. In contrast, I saw some other companies fell into bad debt and ended up with bankruptcy. So, this is the best business advice that I ever received.
Tomek Mlodzki, CEO & Co-founder, PhotoAiD
I remember an afternoon spent listening to my grandfather's stories. At that time, I was thinking about my future: pursue an advocate career or join the world of entrepreneurship. He told me: have the courage to be yourself. Being myself meant following my instincts and doing it with passion. And that is why I decided to dedicate myself to my business. Another essential element is courage .. In business, after the first fundamental step of detailed planning, it is crucial to be brave. So, be prepared to take risks because not everything can be planned or under control.
April Maccario, Founder, AskApril
When I was young, my father always told me, “Everything counts.” He explained further saying that it meant I should be mindful of my words and actions, as they could have unforeseen consequences. Growing older, I have taken this adage to heart and applied it to the way I conduct business. And as a CEO, it has helped to form one of the core values that our company holds. It encompasses the fair treatment of all, the embedding of integrity, and the attention to detail that should be present in all our operations. By following this guideline, we have built a company culture of fairness and diversity that seeks to enrich the lives of both customers and employees alike.
David Adler, Founder and CEO, The Travel Secret
My best friend is a great entrepreneur and since I started my business he always advised me to separate my personal finances from my business finances. This advice has been very valuable to me because when you have your own business you will often be tempted to mix your business expenses with your private expenses. Mixing all your finances will harm the organization and accounting of your business in the long run. It is therefore a recommendation that each entrepreneur should follow from the beginning of their business venture.
Shane McEvoy, Managing Director, Flycast Media
The best piece of business advice I ever got was the instruction to put all my clients on retainer and use direct debit to collect their payments eliminating the need to chase anybody for money ever again. This improved budgeting, customer relationships and much more. It was from Neil Patel or it quicksprout/ neilpatel.com and I am eternally grateful for it.
Jennifer Harder, CEO & Founder, Jennifer Harder Brokerage
The best advice I've received when it comes to business matters is to never make critical decisions based on emotion or when emotional. Whether we are pleased, sad, excited, or angry, we should not make rash decisions based on our feelings. Before making a decision, we must detach from our emotional condition and analyze logic and facts.
Martin Luenendonk, Chief Executive Officer, F**ounderJar
As a CEO, one of the best business advice my co-owner gives me is that I should choose wisely as I will choose who my lifetime partner is. This piece of advice means that I should choose what is the best career that suits me where I can willingly spend the rest of the future.
Alan Harder, , Mortgage Broker
The best advice I've ever heard in relation to business is to have a sounding board. As one of my founding partner emphasized, we cannot attain success on our own. We need a support system and trustworthy peers to whom we may turn when we are trapped and faced with difficult choices.
Michelle Devani, Founder, lovedevani
As a business owner, the best advice I have ever received from one of my co-business owners is that “always listen to your customers while you still have the chance.” It means that I should continue listening when customers complain because it shows that they truly care for your service. Continue in building trust and relationships with your consumers.
Chris Muktar, Founder, wikijob
As a CEO and a manager myself, I have looked up to many people and some of them are my mentors. I can say that I owe them what I am today for they have given me the best advice that I will never forget. As for me, the best piece of advice that I received from one of my mentors is to never forget about your customers and clients. You should always treat them the way they should be treated and in the way that they deserve. This is because my customers and clients are what makes my business continue operating. That's why I need to take good care of them.
Ron Wysocarski, CEO, WYSE HOME TEAM REALTY
I have a friend, Marshall, who made a great profit within a short time in his apparel business. As I asked him about the secret of his success, he told me he had always been adaptable to changes. He thinks that in this rapidly growing business world, changes should be considered a constant. He advised me to adapt to the new demands of the customers as well as the new players in the market. He also told me that change helps a business to gain a competitive edge, encourages innovations, and leads to better opportunities. The advice motivated me much, and helped me to grow my own business too!
Joseph Bushnell, Digital Marketing Consultant, JosephBushnell
The best business advice I ever received was from Perry Marshall, the author of 80/20 sales and marketing. He taught me that work and results are unequal. 80% of your results are driven by the most important 20% of actions you take. If you can figure out where those little leverage points are, then you can design a business you love and is scalable. After implementing his advice, I can testify that he was absolutely right. These days I do my best to only work on things that truly matter and forget all the ‘busy work’.
Martin Seeley, CEO, MattressNextDay
Mentors and teachers often lead us to where we want to go. My journey as a CEO has blessed me with people who gave me sound advice as I was working towards my dreams. Among the words of wisdom they have imparted to me over the years, one sticks out. My mentor has never failed to remind me that focusing on value will bring in revenue. Entrepreneurship is about making solutions that improve other people’s lives. Before thinking about money and profits, it is our responsibility as entrepreneurs to create something that people value.
Carmel Young, Lead Editor , WheelieGreat
Don’t take advice from anyone unless they have achieved the life you want to live. If you ask 20 people “what should I do with my life”, you’ll get 20 different answers... The ONLY opinion you should take into consideration is the one given by the person who has a life like the one you want to be living. If none of those 20 people are living your ideal life, find 20 different people if that’s what it takes. This advice got me to stop taking career advice from my parents, (They are not entrepreneurs) The same goes for Coaches as well now a days. There are a ton of coaches and consultants out there who only want you to hire them for their advice. The only one you should hire is someone who has the life that you want to live. Furthermore, be sure it's someone that you strive to be like as well! How do they treat their employees? What is their relationship like with their spouse? Do they have kids? How much money are they taking home at the end of the year? How do they spend their free time? You will become more like the people you learn from. If you follow the advice of someone to the letter, you will become more like them over time. Make sure it’s someone you actually want to emulate and not just a random person on the internet. Most importantly though, remember to maintain your own personality and be uniquely yourself!
Ed Leake, Founder, Adevolver.
I know you usually hear this in relationships, but this also applies in business. Do not make any critical decision just because you feel it is right at the moment. Make sure that every decision has been thoroughly planned. Decision-making is crucial in every aspect of the business. Anything you do can do good or bad for business, so be wise.
Shiv Gupta, Director, Incrementors SEO Services
I had a hard time finishing my works, not because I was procrastinating, but because I had this overpowering sensation that they would never be good enough. One of my friends advised, The trouble is that you acquire taste way, way earlier than you acquire talent. So you're aware that your work isn't flawless, but you're puzzled as to how to make it so. The firms that endure are the ones that get off to a good start. And the firms that launch are the ones that have a vision for a product that people will want to use, even if it isn't flawless. You can make changes to your product in the future. But you have to launch the damn thing at some point.
Austin LaRoche, CEO, ATAK Interactive
There's a saying, The fish rots from the head.This expression implies that a business can have the best personnel, procedures, and even goods. Even yet, if the leadership is awful, the culture will be awful as well. The best advice I ever heard was from D. Michael Abrashoff's book It's Your Ship: Management Techniques from the Best Damn Ship in the Navy. The book focuses on top-down transformation, which may boost your company's productivity by starting with changes at the top.
Joel MacDonald, CEO, Rank It
The quotation ‘Work smarter not harder’ by Allen F. Morgenstern, has now become the face of the new revolutionized business era. Working hard on a regular basis without any feedback system or data monitoring and without any clear strategy prioritizing your most important activities will lead you nowhere except waste your important time and energy. In business to grow successfully you need to be focused and be productive, working hard blindly doesn’t provide any productive output. Set a goal, make a strategy based on that goal and most importantly grab the right time to come out with your business in the market. Once you have the focus, then start working hard on earning your goal and reaching the top among your rivals. Your smartness to represent your business would change the whole reputation of the business organization and bring forth the ultimate success..
Danny Veiga, Founder, Danny Veiga Marketing
As an entrepreneur, here's a business advice I have used throughout my career. I was told that there are two types of business advice- how to get rich quickly and get rich slowly. I took this advice seriously and tried to take the path of slow. It's never quite as glamorous or fast, but it's a lot more reliable in the long run. If you follow tips like these, your small steps will inevitably put you on the track towards greatness! It is possible to achieve financial independence over time without sacrificing anything too significant now. But if you have any desire to enjoy your lifestyle now or blow through savings, slow is not for you regardless of what anyone else says.
Stefan Cordova, CEO, FriendWithA
A family friend who was very successful in business once told me when a decision I had made had backfired that all I should aim for was ‘consistency and commitment’. It seems a bit generic and maybe even sweeping, but it’s actually a great way of keeping yourself in check with every important decision you make. When I was looking to expand my business’ reach to our audience, I took a gamble at investing our content in a fairly niche angle. As a peer-to-peer lending marketplace we do cover a lot of items and categories but my decision to brand us as the go-to place for e-board enthusiasts. We created a host of subject-specific blog posts covering the topic. I thought to myself ‘If we are going to do this well we need to be consistent and we need to be committed.’ How can we be consistent? By always choosing the niche titles that will reach the audience that want to rent out their e-boards. How can we be committed? By investing in high quality, informative long-read blog posts that were SEO effective. And it worked. One of our articles has ranked first one Google for quite some time with others high up too. We are not only a marketplace but a hotspot for e-skaters and e-borders to click on to check out for the latest.
Anjela Mangrum, President, Mangrum Career Solutions
While there were plenty of people who offered advice when I shared my dream of leaving my job to create my own recruiting firm, one suggestion I received from a former colleague and friend stood out from the rest: “*start small*.” At that time, I was intimidated by the thought of offering A to Z recruiting services to multiple clients at once. I figured I would need a team, a solid marketing strategy, and an office if I wanted it to work out, all of which would require an investment that was a big amount for me at the time. This piece of advice helped me gain perspective: perhaps I could hire two people instead of an entire team in the beginning. Maybe we could work from a shared workspace or even a coffee house until we had a solid client base. All these ideas gave me the courage to step into entrepreneurship, and thankfully, I never looked back.
Ryan Alford, Founder and CEO, Engineering Design Group
Some of the best advice I've received was actually the most simple. I can still hear my supervisor saying it when I think about walking from his desk with a new assignment: “and remember to take good notes!” Very quickly, it became a habit, part of how I do work, and part of how I design electronics. Time and time again, I find detailed notes that I left for my future self. They’re pure gold when you need them, and they’re never in the way when you don’t. Good notes give us an opportunity to look back at decisions we made in the past, and understand the context of “why”. A small clue can paint the picture of a particular challenge people may have been enduring over a project, creating unique design constraints at a given time. In hardware design, it's not uncommon for a single design decision to have a ripple effect which can impact the design of multiple connected circuits, the software that controls the hardware, or even the system's enclosure. Perhaps a circuit was designed in such a way because the functionality needed to be backwards compatible with software which had already shipped. Or perhaps a part was selected to provide more flexibility in which alternate parts could be tested on the design. Or more simply, a component may have been used because any taller of a part would have prevented a lid from closing. Examples like these are never clear when a team member in the future sees them for the first time. “Why was this circuit designed in such a way? This is certainly not optimal.” And then they see it. The note provides historical context for anyone who may encounter it, even if the original designer has moved on to a new company. By writing good notes, we're making sure that anyone else who engages with our work has the “why” years after we are no longer there. We are creating good work that continues to “do good” in the future. What is it that makes a note good? A good note is more than just saying “what”. The “why” makes the note truly complete and useful. The why provides the context, the history, allowing you to understand what was going on when a decision was made. If you aren't a good note-taker, now is a great time to make it a habit. Leave some breadcrumbs as a gift for someone in the future to find the “why” in the important work you're creating. It's simple, practical advice that any of us can use to improve our projects. That's it really, just take good notes.
Mike Clare, CEO, Mood Health
The best business advice I've heard is to not be complacent. Even if your business is doing well, you still need to think of ways to keep your business growing and to continue to think of new and innovative features and offerings to provide. If you stick only to what has been working, your customers may lose interest after a while. Keep being creative and forward-thinking in what your business can offer.
Leslie Danford, CEO, Vitaminis
I think the best piece of advice I've gotten is to be a servant leader, and to focus my energy on adding value for others. By serving customers and focusing on solving problems for their constituents, businesses grow. By investing in developing and empowering teams and people, leaders get the most out of others as they reach their full potential and become a magnet for top talent. By putting yourself in the shoes of your boss and leadership, you align your actions with the broader business priorities and contribute to success for everyone. This advice is powerful if you can really put it to work.
Michael Humphreys, Director/Founder, Z Grills Australia
It’s okay to fail. If you do, fail fast so you can learn and bounce back. Risks come with starting your own business. For people in the business landscape, failure is inevitable. As early as the start of your business planning, prepare yourself and your mindset toward failure. Be open to it because that is the only way to learn. Once you fail, get back up and remember the lesson. Failure only reveals to you which dimension of your business requires more effort and improvement. If anything can go wrong, it will go wrong. Be sure to anticipate the potential problems that may arise with regard to your business. Think ahead and prepare a plan to counteract them in a cost-effective way. For example, if you run a bus company, you need to anticipate the danger of faulty brakes. You have to provide regular maintenance as preventive measures against road accidents. You may be spending more, but if we consider the long run, this will benefit your company as you can avoid the repercussions of bus accidents such as injuries and lawsuits. More than the margins, take care of your linkages with your employees, customers, suppliers, and other stakeholders. Each party you come across through the course of your business has an influence on your viability as a business. Always offer high-quality products to your customers and maintain your relationship with them. Suppliers can help you cut costs and eventually gain a low-cost advantage. Value your workforce by providing them with opportunities for growth and development. The more skilled they are, the better their productivity levels.
Jim Beard, COO, Box Genie
The best bit of advice I have ever received is to give it my all no matter what. An old manager of mine told me this when I was just starting out in the work force. I know that it can be hard to give it 100% when you hate the job you are doing, but someone will notice your hard work. Then you could get promoted and move onto a job that you do truly enjoy.
Benjamin Farber, President, Bristol Associates
My Uncle, the second-generation owner of our firm, always says, “90% of success is showing up.” This piece of advice applies to business or life in general. Sometimes, the hardest part is just showing up, especially if it has been a while since you had a day off. If you stay consistent and keep showing up, everything will take care of itself.
Christian Velitchkov, Co-Founder, Twiz IO
The idea has been instilled into me over time by numerous business people and mentors. As a business owner, I, and many people I know, have a tendency to get caught up in doing things that we neglect, or worse, forget the very things that should be done to help move our business forward. By the time you feel that your product or service is perfect, someone else is already helping customers solve their problems. By launching soon, bringing a few paying customers, and adapting your solution over time, you can validate your business idea and move forward with it.
Hilda Wong, Founder , Content Dog
*Don't give up control* Don't give up control, not to investors nor to customers. Be the captain of your own ship; you get paid the big bucks when you are in trouble, so don't waste time in meetings and discussions; just take the action you think is right, and execute it. Don't hesitate. Lost in the management bureaucracy, you will lose your motivation and experience unsurmountable frustrations. You are the only one who knows the heart and soul of your business. When you are capable of making the final decision regarding your own business, you will be able to achieve the success you envision.
Erin Mastopietro, , Dope Dog
*Don't be afraid to ask for help* As a child, I was told that I could do anything I put my mind to. Each one of us has strengths and weaknesses. However, your strengths may not be enough compared to your competitors. My experience has given me the ability to realize whenever situations require strengths that I lack. It's a common scenario for entrepreneurs. If you feel like you are in over your head, admit it and ask for help from someone who has the skills to fill in the skill gap. Above all, if you don't know the answer to a question, admit it and offer to find out.
Stacy Henderson, CEO and Founder, ForZilch
The best piece of business advice I ever received was, 'Always pay your venders and employees/independent contractors on time. It will establish loyalty and good will and it will ensure hard work and timely completion of tasks and orders.' My father (who sold his company to Warren Buffett) gave me this advice.
Zarina Bahadur, CEO & Founder, 123 Baby Box
*Measure Twice. Cut Once.* As well as being renowned carpentry advice, this is universally suitable for business. This advice is so important because it is common for people to make hasty decisions or acts, only to have to spend twice as much time later trying to correct mistakes that could have been avoided. “Measure twice, cut once we ensure that everything is done correctly, and that –before we deliver, execute or start – we ensure that all the checks and measures are taken to enhance the chances for our deployments or implementations to be successful. It encourages us to be analytical and be well prepared in every scenario.
Nathan Watson, CEO, Lion Locs
*Never shy away from asking for what you want. * Failure is a part of nature -- would you expect anything different when you strive for success? The right target customers should be picked, and you should offer them an irresistible value proposition. You can attract the right potential customers when you become an entrepreneur by addressing the unmet needs that drove you to start up. Providing them with a better value for their money than competing competitors is one way to win them over. You know the value of your service, so if you can demonstrate it to your clients and investors, they will reciprocate.
Jennifer Bennett, Owner, Law Office of Jennifer Bennett
*Don't let no discourage you* You will come across tons of people who will reject your business idea. However, success can only be achieved through perseverance. You don't need validation if you believe in your product. You can't improve the facts of your sale, but you can build trust. Even if everyone in the room believes otherwise-and that room is filled with people who you believe have more experience, more intelligence, and more prepared than you do take action based on what you instinctively feel. Take into account others' perspectives, but act according to your gut. Your trust in yourself will never fail you.
Matt Ward, Realtor // Team Lead, The Matt Ward Group
Focus on Networking: This advice I got from one of my colleagues who is thriving in the Real Estate industry. While I was struggling with a lot of things as a real estate broker, one of my friends advised me to focus more on networking. As he said, the network would lead me to opportunities which I might not find otherwise. The advice actually helped me big time. As I started to expand my network, I could reach more insights into the relevant fields, meet a greater number of potential clients, and gain more information and resources that helped me to grow.
Asher Rogovy, Chief Investment Officer, Magnifina
There's a huge difference between a hard-worker and an entrepreneur. Choose your partners carefully.
Brittany Kaiser, Chair of the Board, Gryphon Digital Mining
*The best piece of business advice I ever received was to work hard and play hard. You will not see success in your business without working hard and giving it your best. If you enjoy what you do and are passionate about your business, that will come naturally. However, no matter how much you love what you do, everyone needs a break from their business sometimes. Playing hard includes allowing time for vacation days as well as taking breaks throughout the day, so that you can return to your work and be refreshed.*
Sam Dolbel, Co-founder & CEO, SINC Workforce
My mentor once advised me not to wait for things to happen. This is one piece of advice that has proven to be beneficial to me. You must stop waiting for things to happen and be proactive. It would be best if you took action once you came up with a solution to an issue. You can’t afford to wait for your solution to be taken by someone else. Don’t wait for your idea to be perfect before you share it with the world. Launch it and make it a reality. Then, continue to strive for its betterment
Liam Johnson, CEO, TheHitchStore.
Giving up, not stumbling down, makes you a failure. A senior entrepreneur once told me that there is no perfect step-by-step approach for building a great business. That is why, when we stumble and experience disappointments, all we have to do is get back up and try again. This enabled me to take calculated risks and respond positively to new business opportunities. When we fail due to poor judgments or uncontrollable circumstances, we treat them as new learning opportunities to improve and grow. Next time we have an idea, we’ll have more guidelines to help us avoid failing again.
Matthew Roberts, Chief Operating Officer, My Choice.
Invest in yourself. - This is the best piece of advice I’ve ever gotten from a fellow entrepreneur. It enabled me to develop the business while also permitting me to maintain a work-life balance. Investing in myself entailed two things for me: money and time. I invest in myself by purchasing books to read, taking short courses, and learning a new skill. These, in my opinion, are excellent means to progress in the field. I also invest time in myself - time for my interests and rest. This helps me avoid stress and stay on the go. Taking time to relax and enjoy provides me the energy to tackle the obstacles that come my way.
Austin Dowse, CEO, Aimvein
The best piece of advice I've ever received was to always work with data and numbers – and never make decisions without them. It's easy to fall into the trap of making a decision based on gut feel instead of on data, but as entrepreneurs, we have to rely on those numbers and statistics. This has proven true in my career. I've learned that I need to find out as much data as possible about the things that I'm doing before I start them. That way, everything will go more smoothly and expectedly.
John Atencio , Owner, John Atencio
Stop listening to THIS: A former associate said to me: don't believe in all these people who called themselves self made billionaires who promise you a lot of money with no hard work. They fill you with hope at first, give you an unrealistic to-do list only to blame your lack of abundant mindset for when things don't work out as quickly, or even at all. Of course many of them do help a lot of people, but the internet has opened the door for people who are not even millionaires or are not equipped to tell people what to do in order to become one. Mindset is important and hard work is important, but most of all, there's no magic solution, a one size fits all for one person to reach success. Whether you're a jewelry designer like me, interior designer, or an app developer, surround yourself with people who cheer you along the way, and start developing good habits that work for you and you can stick to.
ST Billingsley, co-owner, Steve's Auto Repair & Tire.
A few years ago, a friend reminded me that if I don’t talk about my business and our accomplishments no one else will. That was one of the best pieces of advice that I received, and it has impacted how we market ourselves. Rather than keeping it to ourselves, we share the news with customers and through press releases. Many people feel awkward talking about their business or pointing out success stories. However, choosing to keep quiet could impact your company’s growth. Plus, you may be holding back information that someone would find helpful.
Marques Thomas, Owner, QuerySprout.com
One of the best pieces of business advice you could ever receive is from Vanessa Van Edward. She said that Seek learning opportunities in everything. When something happens against your plan, look for the mistakes and learn from them. We don't just learn from the positive things we encounter. Business people should always look forward to the room for improvements that may contribute to their development. Another that we can learn from Lewis Howes is the importance of investing in yourself. Do not hesitate to spend money on books, courses, workshops, and seminars where you can learn and get inspired. Aside from your personal experience, these things can also help you improve. It is a very convenient way to learn even in the comfort of your home. Lastly, Brett Farimiloe reminded everyone to avoid being paralyzed by fear because it can hinder you from taking risks. Risks are dangerous, but they are also a great opportunity to learn something new. When you are a business person, you should be aware that your path will not always be straight. You will encounter ups and downs that are necessary for your growth.
Erik Pham, Managing Editor, Healthcanal Website
I am Erik Pham the CEO of an online publication with a focus on health and wellness. It’s been doing well under my leadership. I can offer some of my insights regarding this topic. I was on good terms with my ex-employer and he even gave me business advice before I resigned. He told me that, “If you want to be successful then you need to value connections more than profit”. I didn’t really understand what the was saying until I suffered a major loss in my business when my employees stole my idea and started a business of their own. This happened because I was a distant leader to them and I barely checked up on them. Your employees can make or break your company and if you don’t invest a little bit of time on them then they can easily take advantage of your lack of leadership. I was prioritizing the front of my business while neglecting to make connections with the ones running it in the first place. Thanks for reading my answers. I hope your readers are inspired with the advice that I have received from my previous boss. Here’s my bio and links. Feel free to link them and credit me if you’ve found my tips helpful. Bio: Understanding that health is the most valuable asset, Erik Pham wants to help people by making common and uncommon information about health readily available to the public. He created the website Healthcanal and he hopes that people can live healthier and better lives when reading his articles.
Stephen Curry, CEO, CocoSign
The best piece of business advice I have achieved is that I shouldn’t stop chasing my dreams. Being a successful entrepreneur, one of my friends asked me why I think of myself as successful. My response was if there’s all the money left somewhere, that would be me who will pick all it up. Before I gained any popularity, I worked harder towards my goals, encountered various obstacles, and failed many times. But I never stopped chasing my dreams to become what I wanted to be. Hope it will be useful for your readers.
Oliver Andrews, Owner, OA Design Services
You're a business owner, and your best lessons usually come from one of two sources: failure or wise words from other owners who have been there. There will be ups and downs in every business, and getting advice from executives who have already learned some hard lessons can help you avoid their blunders and accelerate your success. Here are the few pieces of advice that I have got in my life- *Invest in Culture Working with many manufacturing companies, I saw many of them invest heavily in improving safety, quality, and productivity. One of the best business leaders I've ever worked with is currently in charge of five manufacturing plants. He told me that he had discovered that the right culture results in safety, quality, and productivity. He demonstrated that improvements in all other areas improve exponentially when you focus on having the right people in the right seats. Even if there appears to be no time to work on culture, it may be the best time and money investment for your company. *Never Stop Networking Current events in the world have demonstrated how quickly things can change. It is critical to regularly network on behalf of your business to help maintain its health and protect it from unforeseeable events. Join a business or networking group and never stop. Interacting with your network gives your company lifelines and sounding boards when change occurs.
Teri Shern, Co-founder, Buy Century Link
The Customer Isn't Always Right: The best piece of business advice that I ever received was “the customer isn’t always right”. The world of always pleasing your customers, no matter what, is an unrealistic one. If your customers are always right, you’ll end up groveling to them all the time and never making truly valuable changes to your business. It’s important to realize when a customer is right and when they are not. This will help you to come up with the right course of action in different situations and run a more successful business. Chances are, you’re going to have unhappy customers at some point or another. If you can realize when the unhappiness is your own fault and you’ve done all you can, or if a customer is just trying to get as much as they can out of you, you’ll end up getting to the point faster and avoiding unhealthy situations.
Josh Wright, CEO, CellPhoneDeal
The Best Business Advice I've Received: The best piece of advice that was given to me when I started out in the world of business was by one of my mentors. All he said (before elaborating) was “Be agile”. Agility in business is especially valuable now that we’re moving more and more into a digital world. The thing is, this world is constantly changing, and is doing so at an increasingly rapid pace. If you run your business with a rigid mindset, you’re going to end up struggling somewhere along the line. By being agile, you can adapt to change when it comes to your industry, your customer needs, and in times of crisis (like we just had). Being able to adapt in these times is what will help you to succeed in the long run.
Andrew Taylor, Director, Net Lawman
I am the director and founder of Net Lawman, an online based legal document template platform established in 1991. We work with businesses and individuals to provide legal and financial advice to ensure that they are making the most of what is available to them. Business is about making money. We all need money, we all want more of it and once you have a taste, you can lose your head in business in the search for acquisition. That's why the best piece of business advice I ever received was to always take a step back and remind yourself of the value of your business to others, to reconnect with this time and time again, to engage with your core beliefs in building the business (if you've built the business to make money, it's not going to succeed - that's business 101), because when you focus on value, the coin will naturally follow. By wholeheartedly believing in this, I have seen things turn a corner for me in my business again and again, so I always value this concept. The concept itself was drilled into me early on by a mentor within my law firm as I was branching out on my own in the early days.
Jack Miller, Founder, How I Get Rid Of
The best business advice I received was one I got from a former mentor when I was younger. I was in my early 30s, working for a pest control company, and broached the idea of possibly putting my own business. The one thing he said to me was to learn to say no. He said in business, it’s a word you’ll be saying a lot, whether it’s a seemingly attractive deal or an invite to have a few drinks on a Tuesday night. I was more of a people-pleaser growing up, and this was hard for me. But I did learn it first-hand during my first years in business. It was tough, but it will let you mature in an instant, which is a win-win if you ask me.
Chris Cronin, Co-Founder, Kitanica
One of my favorite pieces of business advice came from my college professor.. She told me that in business you must always adapt and align. It is clear how the last two years have shown this to be more true than ever. We had to adapt and align our plans as the pandemic grew and workers began working from home.
Nabil Ansari, CEO and Founder, NabilAnsariSEO.com
The best sales advice I ever got was this: sales solves everything. (Eric Brief, Owner of PMNow) Keep new revenue coming in, and all your business and most of your personal life problems will be solved. Think about fulfillment after you sign new clients. Getting the client over the line is just the first part of the process. To retain them, have a strategy in place straight away. This will help you deliver a high standard of work consistently and on time. Then you can maintain that positive client relationship while seeking to add new customers. Using tools like Lemlist and Zoom Phone makes the process of prospecting a lot easier. Most importantly - turning up is half the battle. If you have a good work ethic and a passion for your business, it will translate into the work you produce, the products you make or the services you offer.
Brandon Hopkins, Founder, DiamondLinks
I got this advice from a family member and I really appreciated it and it has stuck with me forever: It's all about relationships. It's not enough just to sell your product or service. It's important to know and learn from the people you're trying to reach. Ask questions. Learn what they like, what they don't. I’ve seen the power of relationships along the way and it has helped me develop and grow as a person and professional
Daniel Patrick, Founder, Daniel Patrick
Trust is the key to any relationship, business or personal. Having trust is essential to credibility and reliability. This piece of advice was given to me by a friend of mine. It made me realize that as a leader I must start building trust to achieve success.
Lisa Odenweller, Founder, Kroma Wellness
Be true to yourself, and lead with your values. When you lead with your values, you never have to question your decisions. Not every decision will be great, and none will ever be perfect. By honoring who I am, I’m able to be proud of the business I’m building. A mindfulness coach I worked with told me this, and I think about it every time a big decision comes up.
James Lloyd-Townshend, CEO and Chairman, Jefferson Frank
I was fortunate to be around other CEOs who gave me a lot of great guidance that I still put into action today. The best advice I ever received has to be to take time making decisions, as good ones don't come quickly. The ideal solution won't come straight away, give yourself the time to brainstorm and get perspective from those around you. Once you've done that, sleep on it if you can, it'll still be there in the morning. Your decisions carry weight, so make sure it's the right one. It's something I had to learn early on and probably the first thing I'd tell anyone in my situation now.