Argentinian From Russia about Business: March 2017

Friday, March 3, 2017

5 Valuable Business Tips from Celebrity Entrepreneurs

Every entrepreneur has their own journey, story and words of wisdom. In honor of Global Entrepreneurs Week, we’re sharing our favorite pieces of advice from the celebrity entrepreneurs who spoke at QuickBooks Connect. Take them, use them and grow your business!

Earvin “Magic” Johnson

Magic shared his view on how to best engage with potential customers if you want to take your business to new heights. And we’re talking heights well beyond Magic’s 6'9" frame.
“In the marketplace, it’s not enough to just deliver, it’s about over-delivering. Your business will grow if you over-deliver to your customers”

Martha Stewart

Martha listed the ingredients needed to be successful as an entrepreneur. Trust us, if anyone knows ingredients, it’s Martha.
“If you continue to utilize your passion, curiosity and strong work ethic, it will lead to long-lived business success.”

Tips for Entrepreneurs

Keep the big vision in sight - A big vision will take you far. I put this tip first because when things go wrong on the path to your success, and they will, keeping the big vision in mind will enable you to steer your way back to a successful course.
Fuel your vision with perseverance - What should go hand-in-hand with a big vision is the perseverance you’ll need to keep moving forward. If you’re a Game of Thrones watcher, there was a great line in a recent episode when Stannis Baratheon was being advised about the lack of wisdom in starting a battle in the snow.
Make a plan, but be flexible - You need a few sets of plans, even if each is only a few pages. A business plan, with an accompanying marketing outline, are important blueprints for success. They help you map out the major landmarks of the road ahead, define your success and break the journey into important metrics you can track your progress against.
Embrace your expertise - If you’re already innately good at something, or have a skillset, embrace it. Don’t try to be all things for all aspects of your business. Hire out or sign contracts with agencies for the things you can’t do, and focus on your strengths as quickly and often as possible. Don’t be a jack-of-all-trades and a master of none.
Don’t reinvent the wheel - What is already working in other people’s business models, in your industry, in software applications and other business operations that you can emulate instead of re-create? Don’t waste your time trying to set up systems when you can simply purchase and install one, saving precious time and spending little money. I always keep my burn rate in mind and run as lean as possible.
Don’t burn out - This isn’t just a stale piece of advice: Your health is literally the most important thing in your life. When your body gives out, you’re done. Your heart doesn’t care how good a business you have; your circulatory system isn’t all that impressed with your money or accomplishments. . . you get the point. Personally, I try to eat really good food, get good sleep and take as much time as I can manage day by day to laugh with my kids and see my wife.
Leverage everything - Life hacks may seem like just viral fodder on the internet, but they can teach an important mini-lesson in leverage. When you use leverage to your advantage in every aspect of your life, you go further, faster. Leverage outsourced help to streamline tasks and gain traffic time for important phone calls.
Keep your sense of humor - If you can’t laugh at yourself, you’re missing out. I was almost asleep the other night when I thought of a funny event that had happened earlier that day, and I suddenly found myself erupting with laughter so loud I woke the dog.