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Best Business Advice for Business Owners
Being a business owner can be an incredibly rewarding experience. Any victories and goals achieved by your company are a reflection of your own abilities and success. However, as the owner of a business, big or small, you are also accountable for any missteps or challenges faced. This can put immense amounts of pressure on people in that role, driving them to spend excessive amounts of time and energy trying to manage every aspect of the business and mitigate any risks. In order to reap the benefits of being a business owner while steering clear of potential pitfalls, it’s crucial to keep a few tips in mind.
Below is a roundup of some of the best advice ever given to well-known entrepreneurs to inspire you on your journey to your own success.
“I learned the most valuable business lessons on the field as an athlete. There is so much you can learn from being a part of a team, and working towards your goals, both together and individually. The advice can really be summed up in two words: Work hard.”
– Allison Page, co-founder and head of product of SevenRooms
“The best advice I got was from an older salesman I knew named Hal, when I first came into the fashion business on a big level. I remember him saying, ‘You have to save your money in this business because you never know — at one point or another, you’re going to have to bring it back and invest it back into the business.’ And he was right about that.”
– Daymond John, founder of FUBU and ‘Shark Tank’ investor
“It’s better to beg for forgiveness than to ask for permission. It’s more about pushing boundaries — not as much about abusing the situation, but knowing when to push the boundaries. That’s something my parents always told me growing up.”
– Chris Fanini, co-founder of Weebly
“One of my friend’s dads told me at graduation that choosing a career should be taken as seriously as choosing a spouse, since you’ll probably end up spending more time in your job than with your spouse for the foreseeable future.”
– Liz Wessel, co-founder and CEO of WayUp
From the Eminent Team
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