In today’s world almost every experience has been documented about before. Stories abound about the how Bezos started Amazon or how Bill Gates developed Microsoft. But all these stories have something in common–every founder had to start out not knowing something, and then had to seek out knowledge from others or learn things for themselves along the way.
Maybe you’re an amateur chef and learning how to make a croissant from scratch, or an indy artist looking to market your products on Etsy, or you’re an Amazon seller searching for ways to use Amazon repricing software. Learning and searching for better ways to do things also stands true for building businesses.
This is why it is so important for business owners to seek out knowledge from entrepreneurs who have been in their shoes in the past. This way you don’t have to learn everything through trial and error, rather you can learn tried and tested methods to improve yourself and your business just by reading books or listening to podcasts.
While you might not be as rich as Bill Gates or Warren Buffett, that doesn’t mean you can’t learn from their business tips. Here are the top three lessons from billionaires about how to grow your business, whether you own a multinational corporation or just want to expand your freelancing business into a bigger firm.
Top 3 Business Tips From Billionaires
Mark Cuban on Creating Opportunities
Billionaire entrepreneur Mark Cuban, better known as one of the Sharks from Shark Tank, gives some top business tips on how to find opportunities. Mark Cuban did not come from a rich family, over the years through hard work, dedication, and smart business moves he created a place for himself within the world of technology. He is someone who knows the importance of seizing opportunity, because that is what he had to do to get where he is now.
“You have to create your own opportunities,” says the billionaire investor. This means to really go out of your way to ensure that you are constantly aware of the opportunities around you and seize them at the right time. This also means to seek out people who have the right opportunities, you might not always be asked for your business or services, but sometimes you can show people what you have to offer. This way, you can continue to make a place for yourself and your big ideas in the business world.
Bill Gates on Being Generous
If you’re not generous, then somebody else will hire you to help them be generous. Most entrepreneurs don’t spend much time thinking about business tips from billionaires—they’re too busy being creative or trying to manage their company’s operations. But, at least once in your life, it may be wise to step back and look at things a little differently.
In Bill Gates’ case, it made him one of wealthiest people on earth—in more ways than one. The billionaire philanthropist is no stranger to making a difference in people’s lives, which he has often contributed to being an essential part of his success. Philanthropy is something he has done for many years through his charitable efforts, which focus on improving public health and increasing access to technology.
When it comes to business tips from billionaires, Gates says that you should never let money become more important than your values. Although Bill Gates claims that he does enjoy being called the most generous philanthropist, it is true that having a reputation of generosity in the world of business can be invaluable in building a lasting legacy.
Oprah Winfrey on Hard Work
It’s no secret that Oprah is one of America’s greatest businesswomen. In addition to her hit TV show, she has investments in a number of major companies, including Weight Watchers and Kraft Foods. When asked about her success, she says, “Hard work pays off. If you don’t give up and if you don’t quit, you will make it.”
This may seem simple and obvious—but when you reach a point where things are tough or overwhelming, thinking about how you started on your journey can help get you back on track, that is, realising that it was your hard work and dedication that helped you reach where you are. And if it has worked till now, it will continue working further for you.
The most important thing is to put your effort in the right place and then keep yourself from getting distracted. Oprah isn’t the only one who believes hard work leads to success, many other business owners claim that outworking others is the way to success in a highly competitive business environment. The best part about this advice is that all you need in order to follow it is the willpower to achieve the things you want in life.
Being a business owner is exhilarating but it can also be exhausting, which is why it is important to keep listening to the tips and experiences of other more successful business owners. This also helps keep entrepreneurs motivated so that they continue building their product or service.