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Success Tips for Young and
Aspiring Entrepreneurs
Challenge yourself
Richard Branson says his biggest motivation is to keep challenging
himself. He treats life like one long university education, where he can
learn more every day. You can too!
Do work you care about
There’s no doubt that running a business take a lot of time. Steve
Jobs noted that the only way to be satisfied in your life is to do work
that you truly believe in.
Take the risk
We never know the outcome of our efforts unless we actually do it.
Jeff Bozos said it helped to know that he wouldn’t regret failure, but
he would regret not trying.
Believe in yourself
As Henry Ford famously said, “Whether you think you can, or think
you can’t, you’re right.” Believe that you can succeed, and you’ll find
ways through different obstacles. If you don’t, you’ll just find excuses.
Have a vision
The founder and CEO of Tumbler, David Karp, notes that an
entrepreneur is someone who has a vision for something and a desire
to create it. Keep your vision clear at all times.
Find good people
Who you’re with is who you become. Reid Hoffman, co-founder of
LinkedIn, noted that the fastest way to change yourself is to hang out
with people who are already the way you want to be.
Face your fears
Overcoming fear isn’t easy, but it must be done. Arianna Huffington
once said that she found fearlessness was like a muscle -- the more
she exercised it, the stronger it became.
Take action
The world is full of great ideas, but success only comes through
action. Walt Disney once said that the easiest way to get started is to
quit talking and start doing. That’s true for your success as well.
Do the time
No one succeeds immediately, and everyone was once a beginner.
As Steve Jobs wisely noted, “if you look closely, most overnight
successes took a long time.” Don’t be afraid to invest time in your
company.
Manage energy, not time
Your energy limits what you can do with your time, so manage it wisely.
Build a great team
No one succeeds in business alone, and those who try will lose to a
great team every time. Build your own great team to bolster your
success.
Hire character
As you build your team, hire for character and values. You can
always train someone on skills, but you can’t make someone’s
values fit your company after the fact.
Plan for raising capital
Richard Harrah, a venture capitalist, has this advice for upcoming
entrepreneurs: “It’s almost always harder to raise capital than you
thought it would be, and it always takes longer. So plan for that.”
Know your goals
Ryan Allis, co-founder of contact, pointed out that having the end in
mind every day ensures you’re working toward it. Set goals and
remind yourself of them each day.
Learn from mistakes
Many entrepreneurs point to mistakes as being their best teacher.
When you learn from your mistakes, you move closer to success --
even though you initially failed.
Know your customer
Dave Thomas, the founder of Wendy’s, cited knowing your customer
as one of his three keys to success. Know those you serve better
than anyone else, and you’ll be able to deliver the solutions they
need.
Learn from complaints
Bill Gates once said that your most unhappy customers are your
greatest source of learning. Let unhappy customers teach you
where the holes in your service are.
Ask for customers’ input
Assuming what customers want or need will never lead to success.
You must ask them directly, and then carefully listen to what they
say.
Understand your industry
Tony Hsieh, the founder of Zippos, once said, “Don’t play games you
don’t understand, even if you see lots of other people making money
from them.” Truly understanding your industry is key to having
success.
 Success Tips for Young and Aspiring Entrepreneurs

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Success Tips for Young and Aspiring Entrepreneurs

  • 1. Success Tips for Young and Aspiring Entrepreneurs
  • 2. Challenge yourself Richard Branson says his biggest motivation is to keep challenging himself. He treats life like one long university education, where he can learn more every day. You can too!
  • 3. Do work you care about There’s no doubt that running a business take a lot of time. Steve Jobs noted that the only way to be satisfied in your life is to do work that you truly believe in.
  • 4. Take the risk We never know the outcome of our efforts unless we actually do it. Jeff Bozos said it helped to know that he wouldn’t regret failure, but he would regret not trying.
  • 5. Believe in yourself As Henry Ford famously said, “Whether you think you can, or think you can’t, you’re right.” Believe that you can succeed, and you’ll find ways through different obstacles. If you don’t, you’ll just find excuses.
  • 6. Have a vision The founder and CEO of Tumbler, David Karp, notes that an entrepreneur is someone who has a vision for something and a desire to create it. Keep your vision clear at all times.
  • 7. Find good people Who you’re with is who you become. Reid Hoffman, co-founder of LinkedIn, noted that the fastest way to change yourself is to hang out with people who are already the way you want to be.
  • 8. Face your fears Overcoming fear isn’t easy, but it must be done. Arianna Huffington once said that she found fearlessness was like a muscle -- the more she exercised it, the stronger it became.
  • 9. Take action The world is full of great ideas, but success only comes through action. Walt Disney once said that the easiest way to get started is to quit talking and start doing. That’s true for your success as well.
  • 10. Do the time No one succeeds immediately, and everyone was once a beginner. As Steve Jobs wisely noted, “if you look closely, most overnight successes took a long time.” Don’t be afraid to invest time in your company.
  • 11. Manage energy, not time Your energy limits what you can do with your time, so manage it wisely.
  • 12. Build a great team No one succeeds in business alone, and those who try will lose to a great team every time. Build your own great team to bolster your success.
  • 13. Hire character As you build your team, hire for character and values. You can always train someone on skills, but you can’t make someone’s values fit your company after the fact.
  • 14. Plan for raising capital Richard Harrah, a venture capitalist, has this advice for upcoming entrepreneurs: “It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.”
  • 15. Know your goals Ryan Allis, co-founder of contact, pointed out that having the end in mind every day ensures you’re working toward it. Set goals and remind yourself of them each day.
  • 16. Learn from mistakes Many entrepreneurs point to mistakes as being their best teacher. When you learn from your mistakes, you move closer to success -- even though you initially failed.
  • 17. Know your customer Dave Thomas, the founder of Wendy’s, cited knowing your customer as one of his three keys to success. Know those you serve better than anyone else, and you’ll be able to deliver the solutions they need.
  • 18. Learn from complaints Bill Gates once said that your most unhappy customers are your greatest source of learning. Let unhappy customers teach you where the holes in your service are.
  • 19. Ask for customers’ input Assuming what customers want or need will never lead to success. You must ask them directly, and then carefully listen to what they say.
  • 20. Understand your industry Tony Hsieh, the founder of Zippos, once said, “Don’t play games you don’t understand, even if you see lots of other people making money from them.” Truly understanding your industry is key to having success.