40 Entrepreneurs Share Priceless Advice
Jeff Bezos – Amazon
“Do something you’re very passionate about and don’t try chase what’s kind of the hot passion of the day.”
Steve Jobs – Apple
“People say, that you have to have a lot of passion for what you’re doing and it’s totally true. The reason is because it’s so hard that if you don’t, any rational person would give up. It’s really hard and you have to do it over sustain period of time.
So if you don’t love it, have not fun doing it, you’re going to give up.
Pierre Omidyer – Ebay
“Just go and do it. Try, learn from it, you will fail some things, that’s learning experience. You need that to take it on next experience. Don’t let people who you may respect and who you believe know what are they talking about, don’t let them tell you it can’t be done. Because often they will tell you, it can’t be done, neither they have courage to try”
Michael Dell – Dell
“People that look for great ideas to make money, aren’t nearly as successful as those who say, what i really love to do. What am i excited about, what i know something about, what’s kind of interesting and compelling.”’
Sergey Brin – Google
“It’s really awarding if you’re working on something that’s going to make big difference. Passion brings so much energy that you’re more likely to succeed.”
Biz Stone – Twitter
“You have to have an emotional investment in what you’re doing. If you don’t love it, then succeed is not guaranteed, but failure is much more likely.”
Gary Vaynerchuk – Wine Library
“If you know exactly what you wanna be, you need to spend as much time, with people who are actually that already.”
Daniel Ek – Shopify
“One of the things i do is i question a lot of things. You can do it in a good and bad way. Hopefully if you’re trying get people to motivate, why they are doing something in a way of thinking. Worst thing you can end up is a situation where you get told, well this is the way it has always been. That’s the worst ever, instead ask yourself, give everything we have today, is there a way to make better?”
Kevin Rose – Digg, Pownce, Milk and Revision3
“When we’re coming up with ideas, we ask ourselves. What kind of new market is this creating and what part of my day, what problem is it solving. I have gone as far as taking an entire catalog of my day from the moment i open my eyes and writing down every single thing i do. Then asking myself, is there something here?”
James Altucher – Stockpickr, Reset inc. Has failed 17 out of 20 Companies.
“If you’re not coming up with ten ideas a day, that’s why i have notebook. I’m filling up one of my pages every single day. Otherwise my idea of muscle will atrophy. I have been doing this since 2001 to this day. If you do so, you will be much better at proving your thinking. Good news is, after six months of doing that, you will be like a machine, where ever you go you will always have an ideas.”
Robert Greene – Mastery
“To understand that naturally nobody is interested in your idea. The world care less and you have to persuade them, show that you’re the one person out there who can do it.”
Guy Kawasaki – Apple
When it comes to changing the world, what i learned from Steve Jobs is if you believe in your idea enough, then you will see it. Because other people will believe in it, other people create software, products. You need to foster the belief in what you’re dreaming and it becomes a reality. Which is very different than saying, i don’t expect anybody to believe it until i see it. You need people to believe it before they can see it.
Steve Wozniak – Apple
“Don’t necessarily think that you have to have the home run. I spent a long time in my life with skills just building little devices for fun. For fun is one of the key things that drives you to think and think and make it better than you ever would if you’re doing it for a company. Build things at first for yourself that you would want.”
Mark Cuban – Broadcast, Owner of NBA Dallas Mavericks, Landmark Theatres and Magnolia Pictures and more.
“For somebody aspiring to take things to the next level or even surpass wildest dreams. There’s always going to be an element of luck, but i think more important is putting yourself in a business that could be ubiquitous that doesn’t have limits, because otherwise there’s going to be a grind to it. If it can’t be something that you can visualize every business, consumer using, it’s going to be tough to scale to be be big enough. Or to have the perceived value.”
Sam Altman – Loopt, President of Y Combinator, co-chairman of OpenAl
“You want an idea about what you can say, I know it sounds like a bad idea but here’s specifically why it’s actually a great one. You want to sound crazy but want to actually be right” I love this one, so true.
Tony Fadell – Nest
“When you’re trying to differentiate, to do something different, there’s going to be that gut moment, is this right or not right. If you’re not having doubt, you’re not pushing the boundaries far enough.”
Danae Ringelmann – Indiegogo
“Never think about how do i get big fast or what’s the quickest way to success. That will happen if you actually build something super meaningful and important.
Keep in your mind, what’s the best way to build something that the world really needs.”
Simon Sinek – “Start With Why”
“Every single person and organization on the planet knows, what they do 100%. Some know how they do it. Whether you call it you’re differentiating value proposition or your proprietary process. But very few people or organisations know why they do what they do and by why i don’t need to make a profit. That’s a result, by why i meant what’s your purpose, cause, belief. Why does your organisation exist?
Seth Godin – Tribes
“When we see a kid with a lemonade stand, it’s different than when we see a vending machine selling lemonade. Even if it’s exactly the same product. Because the story around it is what people are paying for. So When i meet small business people, all i ask them is not what’s their balance sheet, but what’s their story. Why should i pick you or care about what you’re doing and if you start giving me all this inside baseball statistic about why you’re 2% better than some other competitor. I’m already glazed over, because that’s not part of the way i see the world.”
Reid Hoffman – LinkedIn
“One of the things i advise entrepreneurs to do is when you have an idea. Classic entrepreneurial impulse is to hold the idea close to and do not go tell people, because all the ideas are so special. That’s almost always a mistake, because your actual real competitive advantage is not that you have this idea locked away in your closet, which may or may not be accurate and you have no idea which it is. Your actual competitive advantages if you’re assembling the intelligence around, does this idea work. What is the right team, learnings and we’re essentially emotion.”
Jack Dorsey – Twitter, Square
“The Hardest thing to do is start. You have all these ideas, but it’s really about executing, building and attracting other people to help you work on the idea. That’s is the biggest challenge, but the way to begin is to get the idea out of your head, write, draw, talk about it .”
Kevin Systrom – Instagram
“You don’t have to be the best, but you have to be dangerous. Learn just enough do be dangerous to build an idea, concept it and show it to the world. Then it turns out there are lots of other people including all a hundred and seventy employees that work at instagram are much better at doing all that stuff than i am. But you need to find the people who can be drawn to the idea that you build, then they end up taking it and making it even better.”
Drew Houston – Dropbox
“One way to conceptualise what makes a good product is good engineering, design which are part of it. But really it’s maximising the probability that someone shows up at the front door of your store, website and ends up with a solved problem.”
Brian Chesky – Airbnb
“Oftentimes the best methodology is to start with the perfect experience with just one person. Get that right and then figure out how to scale something great and if it’s not so great, then try to prove it, that’s really hard to do.”
Peter Thiel – PayPal
“I think when you’re starting a new business you should’t want to go after giant markets. Instead go after small markets and take over those quickly.”
Elon Musk – Tesla, SpaceX, PayPal
“Persistence is very important. Constantly think about how you could be doing things better and questioning yourself.”
Alan Schaaf – Imgur
“If you’re not utilizing an online community, then you’re at disadvantage to who you’re. You can be asking online communities what they think about your ideas or if they have any advice with what you’re working on. Not only will you hear from people, who’re passionate about the subject, but you’ll be hearing from people all around the world each with their own experiences and stories that can help you.
Chris Sacca – Baller Investor
“Smartest leaders i have ever seen, have always gone around the room and ask for everybody’s opinion.”
Dennis Crowley – Foursquare
“The best piece of advice is that, we’ve figured out with foursquare is not let other people distract what you’re doing. There’s always haters and if we listen to all those feedback that are negative, we will never built or prototype and that’s how we made it. We just went after it.”
Eric Ries – The Lean Startup
“It’s not just about doing focus groups or double checking your vision. It really is about integrating this concept of testing our ideas rigorously throughout the plot development process out the marketing process, even as we scale up.”
Leah Busque – TaskRabbit
“Think about what is the smallest possible test that I can for this idea, concept, theory. Get it out there for customers, because they’re going to be the ones to tell you if it’s really working or not.”
Anthony Casalena – Squarespace
“There’s some expectation that you have to have in your mind like, I’m going to change the world, make a dent in universe. kind of ambition. From early on, it’s okey to solve small problems in layers until you get to a point of having the capacity to do that.”
Alexis Ohanian – Reddit, Hipmunk
“All this comes down to doing something exceptional for users, whether it’s in community, connection or in design. This is our big advantage as a start-up. We can make this core part of why we’re doing business.
Kamal Ravikant – AngelList
“Find always a great partner, no matter what it is that you’re doing. Look for someone who is very high intelligence, high energy, high integrity. You need all three of those, who can’t compromise on any one of them, otherwise you’ll end with a either someone who’s not smart which is does you no good.
On the worst cases you end up with smart hardworking crook who ends up working against your interests. Integrity is something that takes a lot of time spent with someone to figure it out.”
Andrew Ljung – Soundcloud
“I have kind of like half jokingly with a lot of people say that my job is to be assistant for the rest of the company. To make sure that you have what you need to kick ass.”
It has been also said in the book how create leaders inspire action by Simon Sinek.
Mark Zuckerberg – Facebook
“So many things go wrong, when you’re starting a company and often people ask what mistakes should i avoid? My answer to the question is don’t even bother trying to avoid mistakes, because you’re going to make tons of mistakes. Important thing is learning quickly form whatever mistakes you make and not giving up. There are things every single year of Facebook existence that could have killed us. It seemed like moving forward and making a lot of progress was intractable, but you just kind of bounce back and you learn. Nothing is impossible, you just have to keep running through the walls.”
Dustin Moskovitz – Facebook
“I think the reality is just not quite so glamorous. There’s not decide to being an entrepreneur and more importantly spend your time on it, it’s a lot of hard work. Basically just sitting at your desk, heads down, focused on answering customers, support emails, doing sales, figuring out hard engineering problems. I mean by that you should go with eyes wide open, always.”
Time Ferriss – The 4 Hour Work Week
“Optimism has a place, but i think even more for the first entrepreneur, you need to be pragmatically pessimistic. You need to define all of the worst case scenarios in terms of financial, time loss etc. Look what you will learn if that happens and accept, come to terms before you ever start. If you don’t do that and you go straight into battling, conquer the world with rose-colored glasses on, the first time you hit a major hiccup, you’re gonna become really demoralised and you will quit.”
Mark Cuban – Broadcast, Owner of NBA Dallas Mavericks, Landmark Theatres
“No one is going to know or care about your failures, and neither should you. All that matters in business is that you get it right once. Then everyone can tell you how lucky you are.”
Richard Brandon – Virgin Airlines
“A company is simply a group of people and as a leader of people you have to be a great listener, great motivator, very good at praising and looking for the best in people and people are no different from flowers if you water flowers they flourish, if you praise people they flourish and this is the critical attribute of a leader”