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Top 10 Business Tips

If you are starting your own business, you probably need the wise advice of a successful person who was able to build his company and make a good profit. Therefore, in this article we have collected valuable advice from famous businessmen who have achieved success in their field. If you are starting your own business, but you need additional finances, try playing with casino rewards VIP.

1. Ingvar Kamprad, founder of IKEA

The main thing in business is love. If you don’t win people over, you won’t be able to sell them anything.

IKEA is one of the largest furniture and home goods chains in the world. The company would not have become so successful if it had not won the love of customers. Perhaps Swedish meatballs, fresh buns, funny toys and unusual product names helped her in this. There are no intrusive sellers in IKEA – the store sells goods itself. To do this, there are catalogs, a hall in the form of an endless labyrinth and cozy interiors in which you want to stay.

2. Oprah Winfrey, the first black female billionaire in history

Do the one thing you think you can’t do. Fail. Try again. You will do better the second time.

Now Oprah Winfrey is one of the richest and most powerful women in the United States. But her road to success is a story of constant overcoming. The TV presenter was born into a poor family. She lived without parents, with her grandmother, and hardly went to school. At 13, Oprah rebelled and ran away from home. At the age of 14, she gave birth and soon lost the child.

After that, Oprah promised herself to change her life, took up her studies and became one of the best students. Through diligence and talent, she entered the university and became the first black female TV presenter in Nashville, and then opened her own program, The Oprah Winfrey Show. According to the TV presenter, the main thing is to be yourself and not be afraid to fail.

3. Brian Tracy, world expert in the psychology of success

The smartest business decision is to hire qualified employees. The right people in the company are 95% of the success of your business.

The most important thing in a company is its employees. They make your business work. Therefore, when hiring, do not rush and clearly define who you need. Create favorable working conditions: flexible schedule, comfortable office, the possibility of remote work. Build communication in the company on the principles of openness and mutual respect.

Hiring the wrong people is a costly business mistake. Companies usually take a lot of time and patience before firing such people. But while the employee is working, he does not bring any benefit or profit. Therefore, fire quickly and without regret, as soon as you realize the need to do so.

4. Donald Trump, Entrepreneur and President of the United States

If you don’t tell people about your success, they probably won’t know about it.

Trump is not even included in the first hundred of the American Forbes list, but is one of the most famous entrepreneurs in the world. He owes this not to money, but to his talent to create newsworthy stories. Trump has turned his name into a brand: his company is called Trump Organization, he launched the production of Trump Ice drinking water, Donald Trump perfume water, Visa Trump bank card.

The entrepreneur has never been shy about making big statements, appearing on television and acting like a showman. His participation in the presidential race and activities as President of the United States is another proof of this. Therefore, do not hesitate to talk about yourself and your business: share your achievements and successes with everyone and be active on social networks.

5. Richard Branson, founder of the Virgin Group and one of the richest people on the planet

Strive for success, but be decent. Never cheat or do anything that won’t let you sleep peacefully.

You can produce goods cheaply, but cause harm to nature. You can force employees to work overtime, but make them miserable. You can cheat and pay less taxes, but deceive the state. Entrepreneurs have a social responsibility, so they must conduct business with integrity and be guided by the principle of “do no harm”.

According to Branson, you can profit by making the world a better place. So does he himself: his company Virgin Group fights global warming and increasing carbon emissions, donates money to charity and invests in education. And all this does not prevent Branson from building a successful business.

6. Bill Gates, American entrepreneur, co-founder of Microsoft

Stop acting like you have 500 years left to live.

Don’t waste your time. Every second spent idle is a missed opportunity. Set goals, plan your day, and always try to do your best – these are the principles Bill Gates is guided by.

Gates was expelled from Harvard for academic failure because he did not want to waste time attending lectures. In the six years between 1978 and 1984, when he first started his business, he only had 15 days off. He spent all the time in the office at work, and to distract himself, he went to the cinema. Gates reads 50 books a year, about one a week. Purposefulness, hard work and diligence made Gates the richest man on the planet.

7. Jeff Bezos, American entrepreneur, founder of Amazon

There are two ways to build a successful company. The first is to work very, very hard to convince customers to buy expensive products. The second is to work very, very hard to allow customers to buy goods at a low price. Both of them work, but we prefer the second one.

Amazon is the world’s largest company that sells goods and services over the Internet. The web service accounts for nearly half of retail sales made online. The company became so popular thanks to the strategy of Jeff Bezos: he did not chase short-term profits, but invested in development and captured new markets.

To compete with competitors, Amazon introduced free shipping and reduced the price if the customer found the product cheaper. This strategy brought Amazon minimal revenue, but allowed it to increase the number of customers and bankrupt competitors. As a result, in 10 years, Amazon shares have grown almost 30 times, and Jeff Bezos has become the richest man in modern history, overtaking Bill Gates.

8. Jeff Sutherland, American programmer and head of Scrum

Forget business cards. Positions and titles are empty labels. Your deeds should speak about you, not what you call yourself.

The higher the level of the boss, the less he knows about the intricacies of the work. Therefore, the main task of the leader is to get rid of the hierarchy, trust employees and provide them with freedom of action. A team of enthusiastic professionals, who are not supervised by an overseer, will do the job better and faster.

Hierarchy and a rigid structure in the company, although they create the illusion of control, do not really work: projects are delayed, deadlines are missed, and employees are dissatisfied with their work and cannot fulfill themselves.

9. Warren Buffett, American entrepreneur and investor

No matter how talented and hardworking you are, some things just take time.

The most obvious and surest way to prosperity is to patiently build up your savings. This is taught by Warren Buffett, an American investor ranked third on the Forbes list. He earned his fortune thanks to competent investments and flair.

To be successful in the long run, you need to be frugal and patient. For example, don’t panic if a stock falls in price and don’t sell it for a short-term gain. Buffett learned this from personal experience when he bought his first shareholding at the age of 11 and sold it soon after for a small profit. A few days later, the stock became more expensive, and if he had waited, he would have earned five times more.

10. Brian Chesky, co-founder of Airbnb

You need to live and think like a child – with curiosity and surprise. This is the most important trait an entrepreneur can have. And although I’m still young, I always try to look at what people much younger than me are doing.

Empathy, curiosity and the ability to see opportunities in difficulties are some of the main qualities of Brian Chesky. He is not afraid to look ridiculous in the eyes of others, he is constantly learning and immersing himself in all things. For example, as a child, when Brian started playing hockey, he did not want to part with his equipment even during sleep. When he became interested in drawing, he could copy paintings by artists for hours. And when Chesky was preparing to perform at a sports event at school, he came to the stadium the night before the event.

Just as passionately, the entrepreneur became interested in Airbnb. For several months he lived only in rented apartments to improve service, met with local authorities to change laws, and learned how to run a business from scratch. Airbnb now offers accommodation in 65,000 cities in 191 countries around the world. More than 40 million people use the service, and the company’s capitalization is more than $25 billion.

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