If you look around and see some of the best successful entrepreneurs, you will find that they have an excellent advisory team. And if there is none, you will notice that the strategies they adopt help them and their business surge ahead, attaining the number one position in the long run. Here, let us find out what is the best advice you ever received from established and reliable entrepreneurs that have carved out a niche for themselves.
Best pieces of advice – 6 tips from the well known
Check out the tips here.
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Marcus Lemonis, star of “The Profit”, and entrepreneur
Advice: Stick to your word and do what you have committed
He received a piece of valuable advice from his mother. She advised him that he must adhere to what he has committed when he is shaking hands with someone during a business deal. The deal must be honored because it is more than just a legal document.
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Daymond John, “Shark Tank” investor and founder of FUBU
Advice: You can never save a lot of money
This is one of the best business advice he received from an older salesman.
According to the older salesman, it is essential to save even if it is a little regularly. You never know when you might have to reinvest the same money to keep your business rolling again.
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Ashif Mawji, Chief Executive officer of Trust Science
Advice: Stick to the fundamentals when you run a business
He says that he has been lucky enough to have dined with Warren Buffet and played poker for charity with him every year. Warren Buffet advised him that it is essential to keep things simple and focus on basics in business.
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Chris Fanini, co-founder of Weebly
Advice: Do not be scared to push the boundaries
It is not about abusing any situation but trying to push the boundaries.
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Liz Wessel, co-founder and Chief Executive Officer of WayUp
Advice: Select your career as you would select your spouse
She was advised by one of her friend’s dads that for getting success, advice for business is that you must choose your career as you would choose your spouse. So, the characteristics that you wish to see in your spouse, the approach is the same as you would do so in your business.
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Allison Page, head of product of SevenRooms and co-founder
Advice: Hard work has no substitute
She learned life’s valuable lessons while on the field as an athlete. She learned that there is a lot you can do when you know a team, not just professionally but personally. In short, to sum up, working hard is the mantra of success for not just any business but to lead your life as well.
It is not just about getting the business advice that you get from experience. But the attitude and approach you seek are crucial and spell success for any business.
