Updated: Apr 25, 2019
Would you like to be an entrepreneur? There are many factors that you should consider. You will note that being an entrepreneur is not an easy undertaking. You have to be patient and determined. You will realize that some people started as entrepreneurs but gave up along the way. This can be detrimental. You should be ready to face various challenges such as competition, lack of funds and so on. However, this should not discourage you. You should keep on working hard so that you can be a successful entrepreneur. There are some entrepreneurs who have done well in the past. Some of them have actually shared their best advice and success tips. Read on to know more.
1. Bill Gates Founder, Microsoft
Net worth : 90 billion USD
Bill gates is a successful entrepreneur. He advises entrepreneurs to pay attention to what their disgruntled customers are saying. You will note that some customers might not be pleased with the services that you offer in your business. You should listen to them so that you can know what you are going to improve in your business. You can be sure that you will be able to learn a lot and thereby make your business more competitive.
2. Steve Jobs Co-founder of Apple Inc
Steve Jobs always gave quality more priority than quantity. He advises young entrepreneurs that if they want to succeed and become more competitive, they should pay attention to the quality of the products and services that they produce. This can make them get more clients in the long run and thereby make more profits in their business.
3. Mark Zuckerberg CEO and Co-founder, Facebook
Net worth: 59.9 billion USD
Mark Zuckerberg normally advises entrepreneurs to move fast and make mistakes. This can help them take corrective measures and still remain competitive in the market. Being too cautious can make you lose your competitive advantage. You should therefore be ready to move fast and be ready to make mistakes. You can trust that you will be able to learn more from those mistakes that you have made in the past.
4. Richard Branson Founder, Virgin Group, which controls more than 400 companies
Net worth: 4.1 billion USD
Sir Richard Branson emphasizes on portfolio diversification. Entrepreneurs should be ready to diversify their portfolio so that they can be able to make more money in their business. In addition, this can make you more competitive in case one market fails to favor you.
5. Mark Cuban Owner of the National Basketball Association's Dallas Mavericks, co-owner of 2929 Entertainment and chairman of AXS TV
Net worth: 4.1 billion USD
Mark Cuban advised entrepreneurs to choose something that they like doing. You will note that different people normally have different passions and interests. In this case, you should choose what you like doing and major in it. This can help you generate more revenue in your business.
6. Tony Robbins Author, entrepreneur, philanthropist and life coach
Net worth: 500 million USD
Tony Robbins advises entrepreneurs to know their strengths and weaknesses. In addition, they should also know their goals and strategies. This can play a major role in helping young entrepreneurs achieve their set objectives.
7. Arianna Huffington Co-founder and editor-in-chief of The Huffington Post
Net worth: 50 million USD
Arianna advises entrepreneurs to believe in what they are offering in the market and be ready to deal with naysayers. They should be ready to face this challenge so that they can be more successful in business.
8. Jeff Bezos Founder, chairman, CEO, and president of Amazon
Net worth: 133.9 billion USD
Jeff Bezos was successful in his entrepreneurial journey because he used to keep his customers above everything else. He says, business people should make customers their first priority. This can make them excel in their businesses.
9. Henry Ford Founder, Ford Motor Company
You will always encounter challenges in business. However, you should not keep on complaining. You should find solutions that are going to help you solve that problem as soon as possible. This has made this entrepreneur more successful out there.
10. Jack Ma Co-founder and executive chairman, Alibaba Group
Net worth: 37.7 billion USD
Jack Ma advises entrepreneurs not to give up. You might experience different challenges in business. However, you should keep on working hard. You might fail today but you might succeed tomorrow. You should therefore remain optimistic in life.
These entrepreneurs have risen above the average business owner to leave their mark on the world. There is much you can learn from their endeavors.
Have these famous entrepreneurs inspired you?