You may have an excellent business model, but you need to take it to the next level. Who better to learn from then the world’s most successful entrepreneurs? Here are 5 pieces of advice they’ve given us.
- Learn From Unhappy Clients:
Bill Gates, the famous cofounder of Microsoft Corporation, believes that “your most unhappy customers are your greatest source of learning”. Most entrepreneurs view dealing with angry/unhappy clients as a burden. According to Bill Gates though, this is how your business will grow and thrive. These customers will be honest critics for your business. You must pay close attention to their feedback to learn about your business’s weak points and make improvements.
- Move Fast & Make Mistakes:
Mark Zuckerberg, co/founder of Facebook, advocates the strategy of “moving fast and making mistakes”. You may be surprised that he’d advise entrepreneurs to make mistakes, but making mistakes means you’re trying, testing, and experimenting. It’s the best way to expand your knowledge, skills, and get closer to success.
- Choose Quality Over Quantity:
Steve Jobs, co-founder of Apple, is arguably the world’s greatest innovator of our generation. He believes we should always choose quality over quantity. Steve jobs believes that following this strategy is a sure way to achieve success. Jobs always prioritized improving small details to create incredible products. He summed it up brilliantly when he said, “Quality is much better than quantity. One home run is much better than two doubles.”
- Believe In What You Do:
“You have to really believe in your product to deal with the naysayers and persevere,” says author and co-founder of The Huffington Post, Arianna Huffington. You need to believe in your business, because not everybody will. You must stay firm in your beliefs in order to deal with negative comments or obstacles along the way. If you do not believe in your product, you’ll end up defeated.
- Keep Finding Solutions To Your Problems
Henry Ford, founder of the Ford Motor Company, gave his famous quote “don’t find a fault; find a remedy.” He advises entrepreneurs to keep finding solutions and alternatives rather than complaining about issues. In business, there are bound to be issues along the way. Instead of dwelling upon them, discover ways to innovate and fix the situation. Henry Ford approached professional speed bumps head on and the result was a product that continues his legacy to this day.
Follow the footprints of other successful figures to avoid negative consequences on your business. Move fast and make mistakes, keep learning from your unhappy clients and listen carefully to their feedback, believe in yourself and keep chasing new solutions to your problems. Remember, quality is more important than quantity.
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