10 BUSINESS TIPS FOR ALL TIMES
If you want to succeed, communicate with those who have already achieved it, and carefully listen to what they say.
So says entrepreneur, investor and marketer Neil Patel. He told Quicksprout what he learned from ten successful businessmen. Translated article.
#1. Guaranteed success does not exist.
Be skeptical about recommendations for joint investment. If the project were really promising, no one would tell you about it, but he would invest all his money. The only reason you are invited to co-invest is the desire to share risks.
David Niu is a co-founder of the BuddyTV entertainment site and startup NetConversions. NetConversions sold the aQuantive ad network for $ 7 million. Microsoft later acquired aQuantive.
# 2 Do not spend money simply because you have it.
Startups and small companies should not scatter money. Save wherever possible: a 60 m² office will fit 12 jobs and a meeting room.
What do entrepreneurs who have earned millions advise. 0
Andy Liu is a co-founder of the BuddyTV entertainment site and startup NetConversions.
# 3 To become successful, it is not necessary to start your own business.
You can buy an existing company, grow it and sell it with a good profit. In many cases, it’s less risky to buy a ready-made business than starting from scratch.
Ben hu. In 2007, he acquired the popular site with memes about animals I Can Has Cheezburger for $ 2.5 million; By 2015, the project received $ 41.7 million investment.
#4. To earn more, spend money on yourself.
If you start spending more money on yourself, it will begin to motivate you to actively develop the company – to earn even more. If you continue to save, the motivation will not be so high.
John Reese is an entrepreneur and godfather of email marketing. Thanks to the email newsletter, in less than one day he earned $ 1 million in sales of the author’s online course.
#5. Do not be afraid to be arrogant.
Learn to stand up for yourself and do not be afraid to go to conflicts. Do not let others push you around. Over time, such compromises will adversely affect your business and personal life.
Jeremy Shoemaker – co-founder of AuctionAds startup (sold his stake in MediaWhiz for $ 17 million); A popular blogger – in one month he earned more than $ 130 thousand from advertising Google Adsense on his site.
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# 6 You are more likely to be struck by lightning than to get venture capital.
As a rule, investors do not know anything about the project in which they are invited to invest, and then their interest is small. The task of the one who comes for financing is to show the investor exactly what contribution he can make to the development of the company and what growth the investment will lead to.
Guy Kawasaki is a writer, entrepreneur and venture capitalist.
# 7 There is nothing wrong with jumping into the last carriage.
Even if you missed some opportunity, many others will still open before you. Turn your lag into an advantage: carefully study what others have already done in this direction, and only then move on to action.
Alex Algard, investor and founder of Whitepages.com, the largest US company database. Profit as of 2015 – $ 70 million.
#8. Staying in the shade is not so bad.
The attention of the media and the hype around the brand is good, but at the same time attracts excessive attention to the company. This can lead to more active actions by competitors. Sometimes it’s nice to be in the shade and earn your millions without too much noise.
What do entrepreneurs who have earned millions advise. 1
Edward Yim, serial entrepreneur and business angel.
#9. Do not judge a book by its cover.
It doesn’t matter who turns to you — Harvard graduate or homeless — take time for him. Do not rush to evaluate, because you never know who will become the new Bill Gates.
Jeff Entress, investor in over 30 business angel companies.
#10. Hold on to successful people.
To increase your chances of success, look for those who have already achieved a lot. Even if you do not reach their heights, you will still develop.
Anonymous Mr. C, invested in a startup, whose shares were later valued at $ 30 billion.