With so many successful entrepreneurs out there today, we have an endless number of quotes being thrown around to provide business owners with leadership advice. Small business owners who run their own LLC can benefit greatly by executing on advice from some of the best entrepreneurs out there.
If you’re like me, you probably follow many entrepreneurs on social media to read the useful nuggets they drop on a daily basis. In this article, I’m going to break down some of the best leadership advice given in 2018 from some of the world’s top entrepreneurs, so you can implement it into your life and business strategy.
1. Gary Vaynerchuk: Don’t Look Back
“All this looking back is f*cking with your neck.”
While many have their own opinion of Gary V, he’s by far one of the most popular and successful entrepreneurs out there today. His foul mouth can turn off some, while his energy and passion get others pumped up. The bottom line is that Gary speaks from the heart and shares the cold hard truth about today’s business landscape.
Far too many people are looking behind them rather than seeing what’s right in front of them. When you focus on the past, you are wasting time that you could invest in planning and executing the future. Yesterday’s home runs won’t win today’s game — nor will yesterday’s strikeout lose today’s game. Focus on the now rather than the past; see what you have coming up instead of dwelling on previous wins or losses.
2. Patrick Bet-David: Change the World
“Entrepreneurs will change the world.”
If you don’t know who Patrick Bet-David is, I highly recommend you find out. Patrick not only owns a successful life insurance agency, but he also owns and operates a YouTube channel called Valuetainment — if you aren’t subscribed yet, you should stop what you’re doing and go subscribe immediately. Patrick is passionate about entrepreneurship and capitalism, and he believes that successful entrepreneurs will change the world.
Entrepreneurs are the individuals willing to take risks. They see a problem in the world and seek to fix it through blood, sweat, and tears. They put their financial stability on the line, employ workers, and work tirelessly to improve the lives of people and businesses. Where there is a problem to be fixed, a successful entrepreneur is never far behind.
3. Grant Cardone: Take Control
“If you don’t control your environment someone else will.”
Another very outspoken and successful entrepreneur is Grant Cardone. His bad choices growing up have led him down the path to leading others. He’s seen rock bottom and decided to never put himself in that position ever again. Grant decided to take control of his environment rather than having someone else control it for him.
That’s leadership advice you should take to heart. If you aren’t in control of your business, someone else will take control of it for you — which would mean putting you out of business. No one is going to hold your hand, and no one wants to see you succeed more than you. So take control today and don’t ever let it go.
4. Jim Rohn – Be an Autodidact
“Formal education will make you a living; self-education will make you a fortune.”
This leadership advice hits the nail on the head. Formal education is extremely important; it’s what lays the foundation for our knowledge. However, it’s your own continuing education and your desire to improve and learn new skills that will help you long-term.
This means reading books, listening to audiobooks or watching videos to learn new skills you can apply to your life and business. Taking courses online or at a university will give you the knowledge needed to continue to grow personally and as a business owner. Just because you earned a degree doesn’t mean you have all the tools necessary to be a leader and be successful forever.
5. Donald Trump: Think BIG
“As long as you’re going to be thinking anyway, think big.”
President Donald Trump is onto something here. They say you should go big or go home; successful entrepreneurs aren’t afraid to think big when it comes to potential growth.
Think small and you’ll stay small — but think big and you’ll be ready for growth. While big thoughts don’t always translate into success, they’re what keep the wheels turning when it comes to a willingness to try new things with your business.
6. Jeff Bezos: Accept Failure as an Option
“I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.”
Wise words from one of the world’s richest men and one of the most successful entrepreneurs out there. When it comes to leadership advice, Jeff is accurate with his statement. Far too many people think “failure is not an option,” or that a failure in business means you, yourself, are also a failure. But that’s the wrong way of seeing things.
If you don’t fail every once in a while, it means you aren’t thinking big enough. If you think big and have lofty goals and fail, it means you have room for growth. Those who never fail are the ones who never take a risk or who never challenge themselves. All successful entrepreneurs have failed — some many times. It gave them an opportunity to sit down, evaluate what happened, learn from their mistakes and make changes so the same result doesn’t happen again. Failure isn’t a bad thing — it means you gain insight into something you can learn from.
7. Warren Buffett: Long-Term Thinking
“Someone is sitting in the shade today because someone planted a tree a long time ago.”
When Warren Buffett speaks about business, we should all listen. This quote rings true with the best entrepreneurs out there: They weren’t thinking short-term when they started their businesses.
Successful entrepreneurs saw the long-term play of their work. They planted a seed that grew over the years until it became massive. You need to start thinking on a macro-level and planting the seeds on a micro-level, while continuing to water those seeds every day.
8. Seth Godin: The Will to Execute
“There’s no shortage of remarkable ideas; what’s missing is the will to execute them.”
When it comes to entrepreneur advice, take it from Seth. How many times have you been given good advice but never executed on it? How many times did you leave money on the table because you didn’t put forth the effort to close a deal? Ideas without execution are just ideas. But the best entrepreneurs in the world took their ideas and set out to work on them, executing on their plan and vision.
Has this article motivated you to become a leader yourself and start your own business? If you’re ready to form your company but don’t know where to begin, Incfile has great resources to help you start a business today.