I must say I was thrilled (and a little surprised) to be in the company of Richard Branson, Arianna Huffington, Tim Ferriss, Mark Cuban, Sophia Amoruso and 46 other entrepreneurs who were featured in Ryan Robinson’s latest Roundup: 52 Top Entrepreneurs Share Best Advice on How to Start a Business.
Following the “Rule of 3,” here are my 3 favorite pieces of advice (with which I whole-heartedly agree!):
“Don’t give up, don’t take anything personally, and don’t take no for an answer; you never know what you’re going to learn along the way.” via Sophia Amoruso (@sophiasmoruso)
“One of the most important things about starting a business is being flexible. Listening to customers, watching data and making iterations and changes as needed. Sometimes having a path or a rigid business plan can limit you. Think of your business like a meadow not a path, just play!” via Vanessa Van Edwards (@vvanedwards)
“The most painful mistake I see first-time (or inexperienced) entrepreneurs make is that they see others in their industry or niche as competition. This can significantly hold you back, as you may never learn industry secrets and tips, make genuine friends, and more. Instead, I think you should see others in your industry or niche as colleagues and friends. You should network with others, attend conferences, reach out to people, and more.” via Michelle Schroeder (@senseofcents)
And here’s mine:
“Most people start out with completely unrealistic expectations of what level of effort is required and how long it takes to get a business off the ground. They are easily discouraged and give up way too soon. I blame it on wishful thinking.
“The reality is that there is no way to know how long it will take or whether it will work at all. So my advice is to approach it with humility, grit and a willingness to do whatever it takes to succeed, even if that means you have to work really hard for a long time.”