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Every successful entrepreneur has had their ups and downs. Most have experienced crippling failures before eventually rising to fame and fortune. What sets these successful entrepreneurs apart from the rest, is their resolve to learn from their mistakes, try again, and most importantly listen to business advice from those who’ve gone down this path before them. One of my most valuable sources of business advice over the past few years has been Ramit Sethi, an Entrepreneur, NY Times bestselling author, and instructor of How to Make Money and Grow a Business here on CreativeLive. Ramit’s helped me realize that success never comes overnight, and you won’t build a profitable business without some help along the way. Today I reached out to some of the most successful and respected e
“The best business advice I ever received came from a simple quote from John D. Rockefeller. He said, ‘next to doing the right thing, the most important thing is to let people know you are doing the right thing.’ Right now, we live in an overcrowded world, and if you’re not out there promoting yourself, you’ll NEVER make an impact. That’s why this quote is so important. Do good work and promote the heck out of it.” Derek calls this the “80/20 Promotion-Creation Rule”. And it’s the secret to his incredible successes in blogging and online courses. So, how are you going to change your business with this advice? If you’re looking to launch a freelance career and start charging high rates for the services you provide, check out Command the Fees You Deserve with Ilise Benun. If y
The best business advice I’ve ever received was from the legendary Sir Richard Branson (an investor in CreativeLive and mentor/inspiration to me). His simple but brilliant advice is to always manage the downside. “When you prepare against catastrophic downsides (avoid “betting it all” or “mortgaging everything”) it allows you to create a culture where you can take lots of small to mid-size risks, learn and build.” Put simply – it’s exceedingly rare that greatness comes from a single blind all-in swing or a brash act. Boldness is required but the boldness that sticks around to experiment regularly, to fail small and often, and cultivate a culture of risk taking is what generates the most big wins in the end. Here’s a recent video we shot with Chase and several other entrepreneurs,
“I asked a friend, who made more than 30 million dollars by the time he was 30, why he thought he was successful. His response: “there’s all this money our there, someone’s going to pick it up, it might as well be me.” Michael is an accomplished entrepreneur, actor, author, and speaker. His Book Yourself Solid framework has helped many business owners and freelancers grow by getting the right clients that help them achieve their best work.
“I’ve learned to really think about who I actually want to sell to, instead of some generalization or profile of who might buy from me. Every time I’ve named individual people and created content with them in mind, those people have actually worked with me. No solicitation, just genuine connection by tailor-making what works best for them. Of course, I’ve also met many other amazing people who needed the same things.” Tara is an entrepreneur and prolific business strategist. She teaches small and medium sized business owners how to truly unlock their potential and connect with their customers. Check out her in-depth class on Turning Your Service Into a Product.
“The most insightful advice I can remember receiving came from Andy Rachleff, who at the time was teaching at Stanford. He helped me understand the tremendous power of the network effect.” Nir is a technology entrepreneur, speaker, and author of the recent best-selling book Hooked, already one of the most respected works on building powerful, habit-forming products. He has a great course on CreativeLive where he teaches how to create repeat customers for any type of business.