10 Timeless Business Tips From 10 Millionaires
There's no such thing as a safe bet
- just because a friend or a family member tells you about an investment, it doesn't mean it is a good opportunity.
You don't have to start a business to be successful
- if you find a good business you can always buy it, grow it, and sell it for a good return.
Just because you have money, it doesn't mean you should blow it
- there is no need for small companies or startups to waste money.
If you want to keep making money you have to spend some on yourself
- if you end up spending money on yourself, it will create a drive in you that will cause you to want to make more money.
Have some guts
- stand up for yourself and don't be afraid to confront others. Letting others push you around may not seem like a big deal at first, but it can impact your life and business in a negative way.
Raising venture capital is harder than being struck by lightning
- a venture capitalist usually has no clue about most of the investments brought to him or her. But if you make the investor feel that they can contribute to your company and if you can show growth, the investor will be hooked.
There is nothing wrong with being last in line
- if you miss out on an opportunity, who cares? There are plenty more out there.
Staying under the radar isn't always a bad thing
- getting press and buzz may be nice, but it can also cause your company to be getting too much attention. This can lead to things like increased competition. It may just be better to stay under the radar and make millions while you can.
Don't judge a book by its cover - whether a Harvard MBA or a bum hits you up, take the time to listen and respond to everyone. Don't judge anyone too quickly because you don't know who is going to be the next Bill Gates.
Ride other peoples' coattails
- being successful isn't always easy, so why not increase your odds by following other successful people. You may not be as successful as them, but you'll do well enough.