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Over the years, I have heard people give amazing advice to upcoming and inspiring entrepreneurs to help them in their journey, among them are these 5 keys advice that i think will not just help people in business but also in the ordinary works of life.
Below are 5 amazing advice am sure will help us all. if you enjoy this article after reading please ensure to share it with your loved ones. Thank you in advance.
1. Time is the most valuable thing you have
My father, was my first and best
mentor. He taught me to analyze my day on a dollar-a-minute basis. Every day, I examine the week ahead. I evaluate where to dedicate my time before
moving things around. I ask, “How long will this take? What’s my upside? What’s
the opportunity cost?”
I turn down free equity in people’s businesses every day because
they want too much of my time: a weekly one-hour call, a monthly face-to-face
meeting, a quarterly retreat. But it’s a startup. If it makes $1 million in
three years, I’ll get 5 percent, which is $50,000. The math isn’t worth it.
I recently acquired 2 million shares of stock in a public company,
trading at 60 cents a share. They only asked for a quarterly board
meeting — two in person. The upside made it worth my time.
2. Humbly
say yes
My mentor taught me,
“The world likes inertia. It loves to say no. As an entrepreneur, it’s your job to keep saying yes and create the change
that the world doesn’t yet know it needs. Don’t expect any thanks or pats on
the back. Seeing the change you helped shepherd will be enough reward in
itself.”
3. Don’t get in
your own way
The advice I’ve carried throughout my career is,
“Three things bring great people down: fear, greed and ego.” If you look back
at the downfall of any leader throughout history, you’ll find they exhibited at
least one of these traits, if not all of them.
Vinnie Viola, a man who beat the odds by becoming a self-made
billionaire after growing up on the streets of Brooklyn, and whose father was a
truck driver, told me this one night over a drink while we were in Austin. His
advice guided me to make some of the most successful business partnerships by
focusing my efforts on people who are level-headed, generous and humble. And I
too strive to exhibit these qualities in my own life.
4. Be
very careful how you spend the first and last two hours of each day
My
closest mentor — one of the most successful leaders in the financial
industry — gave me this tidbit early in my career: “Most people wake up
reactively, adhering to the world’s needs, not their own.” In a world of
unlimited communication, people don’t disconnect from society to analyze their
lives.
The first two hours of your day should be spent aligning your
short-term efforts with your long-term goals. I wake up during the week at 3:30
a.m., taking the time to meditate and read for 20 minutes. Then I spend an hour
doing an intensive workout like circuit training or hiking.
The last two hours of your day dictates your energy for the next
day. I spend an hour studying or learning a new skill, and the last hour
planning my next day.
Learn to work harder on yourself than your job.
5. Think big;
don’t be afraid to be bold
Becoming
an entrepreneur takes you from making a nice salary to suddenly raising or
juggling budgets worth the same amount. Your scale completely changes. At
times, it’s terrifying to think of the risk taken with the money you could have
lived off for a long time.
One of the investors in my first company, who was a successful
entrepreneur with multiple businesses, pushed me to scale quickly and not waste
time on building things slow. His advice: “Think big; don’t be afraid to do
bold things that will put your ideas and business on the map.”
It pushed me to try bold strategies that still pay off today.
Whether it’s investing in a new product that generates press buzz or betting on
an expensive employee who will pay off with dividends, “not afraid to think
big” became my mantra.
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