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Top 10 Business Advice for Every Young Entrepreneur

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Top 10 Business Advice for Every Young Entrepreneur

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. Colin Powell

I have decided to use this platform to reach out to young leaders, entrepreneurs, small business owners and those who are warming up to enter the business arena. Because you are reading this right now, you have made a great choice to undergo the journey towards creating that great future you have mapped out for yourself. While others are busy wasting their time on non-profitable things, you are developing yourself. I want to say congratulations. Let me tell you that until you are ready to take advantage of your time and resources available to you, nothing is going to get better. It is a fact. Look around you and in the comment section, give one name of a successful person who built a business empire on luck. None right?

You can’t know it all. No matter how smart you are, no matter how comprehensive your education, no matter how wide your experience, there’s simply no way to acquire all the wisdom you need to make your business thrive. You have to daily undergo the school of personal development and that is exactly what this platform is all about. “The sun doesn’t shine forever”. Anyone who is ever been in business knows this and it has been their guiding principle. Every business has its dark days and knowing that helps you to prepare for the unknown.

I’ve decided to share these top business advice I have gotten from different business leaders across the sphere of business who are my inspiration.

Related: Surviving in Business: Startup Advice from Global Business Experts

Follow your Heart

If there’s any advice that I wish I had gotten, it’s this – follow your heart! Be passionate about your work because it will make your life so much more enjoyable in the long run. Don’t do anything simply because it will make you a lot of money, listen to your heart and your mind and be guided in the right direction.

Never dread challenges and competition

While growth and expansion are priorities, plans and preparation for major downturns and new competition can save a business in bad times. “Remember, the sun doesn’t shine forever”. Know that winners contribute to success and personal growth of all competitors. They don’t give up. They delight in going for the chase. No great business has ever thrived without competition.

Don’t be afraid to make mistakes

Make mistakes. You can fix them after. This is a vital part in the journey of entrepreneurship. Learn from those mistakes because they create experience. As Archibald MacLeish once said; “There’s only one thing more painful than learning from experience, and that is not learning from experience”.

Align your work with your values

You should always reassess the value of things whether you realize this or not, you become what you believe. Be comfortable with yourself and do what you are comfortable doing instead of concerning yourself with what you think others want you to do.

Be careful whom you associate with

I will never forget the I knew this principle and since then, I have applied it in choosing the kind of friends I keep close to me. I believe each of us carries around a mental list of the kind of people we would like to associate in our lives, organizations, and/or departments. What determines the kind of people we want is dependent on our attitude.

Downsize your Ego

It is natural to let our egos guide our business decisions as leaders or as entrepreneurs or as individuals. Someone said; “Put your egotistical thoughts on a diet”. Only through humbles eyes can you see the world as it really is and savor the taste of success. Humility will guide you to use the things you don’t know to your advantage. You will begin to feel comfortable even if you aren’t the smartest member of your management team.

Related: Young Leaders Arena Guide for a Successful Business start-up

Be patient

Never expect immediate reward in anything you do. I write blog post basically because I have the passion of writing and look forward to getting traffic with the people who are passionate about leadership and other enlightened information. I am more concerned now about serving my consistent readers than the revenue I am generating. That is the big principle of business success.

Experience is a good teacher

Advice doesn’t come verbally. Sometimes you have to learn by doing. Start doing something today, no matter how small or how big it is, the aim is to gather ideas. Experience comes by doing.

Be integrity personified

According to Theodore Roosevelt, “Life is not easy; least of all is it easy for either the man, woman or nation that aspires to great deeds”. Honesty, integrity, should be your first, last, and always before everything else.

Communicate with care

Sometimes nothing needs to be said. You have to be careful about what you say and how you say it. People listen to everything that comes out of your mouth and they often pick the wrong pronouncements. Communicate with integrity. Be truthful at all times. This way you can keep track of all the words you said whenever you say it.

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