Successful Entrepreneurs Share Their Best Advice for Young Entrepreneurs
Starting a new business is never easy, especially for young entrepreneurs who are just starting out. So we asked successful entrepreneurs to share their best advice for young entrepreneurs. Here's what they advised to young entrepreneurs.
Correct Mindset
The best piece of advice I could give to other young entrepreneurs is to never let anyone tell you what you can or can't do; Anything is possible with the correct mindset.
I have lived by these words and have always challenged myself to push outside of the comfort zone. This is the best approach to build confidence and steer your passion in the right direction. Through hard-work and perseverance I carved out my niche in Luxury Real-Estate at a time where technology and marketing were advancing and merging worlds. At the right time and at the right place I was finally was able to make a difference in my market and became recognized as the largest global platform. So it's not true what they say; a picture really isn't worth a thousand words, it's worth a million..
Kambiz Ahmadi, CEO at Luxury Listings
Good Communicator
Above all, learn how to be a good communicator. Not a lot of people focus on this because it scares them, but this one skill can bring you a lot of success. Know what to say, how to say it, in the right time, at the right places. Learn public speaking, proper business correspondence, negotiation, persuasion, and humor. Use all of these in business and you'll be more successful than most people out there. Guaranteed.
Karla Singson, Writer, Speaker, and CEO at PREP – PR, Events and Promotions
Search Engine Optimization
The most important thing is make sure you have a good website and focus most of the time on that website and do the search optimization yourself. In this way you get to know your audience and know exactly where to get your clients from.
Anita Huisman, General Manager at Universal Translation Services
Know Your Company's Operation In and Out, Then Leverage Others
Content: As an entrepreneur running your own company, you'll need to lead your team and to know your company's operation in and out. As your operations grow, scale your business by leveraging others, then you and your executive team will move on to harder tasks to expand your business. If your business is on flow in 2-3 years, you'll start to think about how to double your profits. You don't double your profits by doubling your work hours, instead, think and strategize two times harder. A company's profit doesn't grow 10 times by working 10 times more hours.
Roy L, Managing Director at Carrnegie Watches
Look for Successful Mentors
You'll want to run faster than your legs can take you. Run anyway. Now is the time to take wild and massive risks. Ignore most older entrepreneurs, they are usually not who you want to become (and are closet haters). Find a few truly successful mentors, people you want to be like, and only listen to them. Stop talking about all the big things you are going to do - prove them all wrong with your results.
Mitch Miller - Owner, Opposed Media
Follow Instincts
I've learned that entrepreneurship is being on a mission where nothing can stop you. It will take twice as long as you'd hoped, cost exceedingly more than you'd ever budgeted and will be more challenging than anything you'll ever try but if you give it your all and refuse to give up, you can trust it will be the ride of a lifetime. I could be the poster child for the saying, "what doesn't kill you only makes you stronger." No matter what… this has been the most rewarding journey of my life and in the end, I'm going to have a magical story to tell. My advice to other aspiring entrepreneurs is to be brave and follow your instincts. You can't cheat the grind, but if you give it your all, you can trust that the payoff will be worth it.
Gerrid Smith, CEO at Black Fin, Online Marketing for Law Firms
Be a Risk Taker
It is all about being a risk taker. We all start at one point, and for most of us, it is all pretty confusing in the beginning. Every single person on earth who has ever thought had a unique business idea has met with thought of failures and fiascos. We all know the risks associated with starting a business and putting your efforts and money on the line. Some of us know more than others. However, there is a very small, and I say VERY small population of people who have it in them to overcome these fears and take the risk. While others are standing perplexed at the shore, these few daring ones have already burnt their boats behind them.
In simple words, it is your risk-taking attitude that separates you from non-entrepreneurs. Does this attitude always benefit you? No. But what good's an entrepreneur if he/she lets this "no" scare and stops them from taking risks?
Guy Galboiz, Internet Entrepreneur
Be a Hustler
Hard work forever pays. A lot of young entrepreneurs get caught up with hype, funding craze, and never-ending events, when sometimes all you really need to do is put in a solid amount of real work to get results.
Hustle more, knock on that door, send that cold email, find where your customers hang out, give real value to the marketplace—put in the work and I promise you that no matter what happens, you'll be in a great position to win.