50 Practical Tips For Entrepreneurs

Rich Dad Advisors Entrepreneurship 4 Comments

Whether you’re a fresh-out-of-college entrepreneur, an experienced professional making your way up the ranks, or a seasoned small business owner, chances are you’re someone who stays hungry for knowledge and constantly seeks out information that can help you succeed. As you probably already know, there’s not really one secret, magical equation to running a business successfully. Entrepreneurs can walk many different paths with many factors influencing their successes. There is, however, an enormous amount of information available to you that can help put you in the right direction.

For hundreds of years the world’s brightest entrepreneurs have openly shared valuable information about their triumphs, their mistakes, and how they ultimately found success in their respective industries. Thanks to the internet, it’s never been easier for prosperous entrepreneurs to share this information, or for budding entrepreneurs to find it and learn from it. In this post, you’ll find a list of 110 practical tips for entrepreneurs. They come from some of the best and brightest entrepreneurs of today and recent history. Take advantage of the valuable and practical information they offer in order to improve your own business. You’ll notice that the tips included in this post are divided into a number of relevant categories. The first category offers tips on leadership:

How To Be a Better Leader:

1. “Chase the vision, not the money; the money will end up following you.” – @tonyhsieh

2.  “Great leaders are not just respected; they’re also measured. They have the responsibility to achieve, and their effectiveness is measured against their charged tasks and goals.” – @gitomer

3. “Surround yourself with a trusted and loyal team. It makes all the difference.” – @Susankfeldman & @AliGPincus

4. “The key to successful leadership is influence, not authority.” – @kenblanchard

5. “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams

6. “Become the kind of leader that people would follow voluntarily; even if you had no title or position.” – @BrianTracy

7. “The secret of leadership is simple: Do what you believe in. Paint a picture of the future. Go there. People will follow.” – @sethgodin

8. “To stay ahead, you must have your next idea waiting in the wings.” – @RosabethKanter

9. “It is your decisions, and not your conditions, that determine your destiny.” – @tonyrobbins

10. “Know your business and industry better than anyone else in the world. Love what you do or don’t do it.” – @mcuban

How To Be More Productive:

11. “Try to commit one day a month to thinking about the long-term orientation of your organization. Whether you do this best outside of the office or in a conference room with your closest advisors, find the right place and strategize about the future.” – @RomanStanek

12. “Instead of having a lengthy email string, talk to someone three floors up. Email can kill productivity and hinder communication.” – @plibin

13. “When you focus on the right things, and eliminate time spent on unhelpful tasks, you become more effective.” – @tferriss

14. “If you’re going through hell, keep going.” – Winston Churchill

15. “The key is not to prioritize what’s on your schedule, but to schedule your priorities.” – @StephenRCovey

16. “Absorb what is useful, reject what is useless, add what is specifically your own.” – Bruce Lee

17. “Working on the right thing is probably more important than working hard.” – @Caterina 

18. “The simple act of paying positive attention to people has a great deal to do with productivity.” – @tom_peters

19. “Don’t be fooled by the calendar. There are only as many days in the year as you make use of. One man gets only a week’s value out of a year while another man gets a full year’s value out of a week.” – Charles Richards

20. “Part of being a winner is knowing when enough is enough. Sometimes you have to give up the fight and walk away, and move on to something that’s more productive.” – @realDonaldTrump

How To Build a Great Team:

21. “Pass on hiring people you don’t need, even if you think that person’s a great catch.” – @jasonfried

22. “Everyone has an idea. But it’s really about executing the idea and attracting other people to help you work on the idea.” – @jack

23. “The secret to successful hiring is this: look for the people who want to change the world.” – @Benioff

24. “Great teams do not hold back with one another. They are unafraid to air their dirty laundry. They admit their mistakes, their weaknesses, and their concerns without fear of reprisal.” – @patricklencioni

25. “You need to be passionate about helping each and every person on your team do their best work.” – @chadworks

26. “Allow your team to incorporate giving into their life through their job. Not only do employees stay around a lot longer, they do a lot more good.” – @BlakeMycoskie

27. “It is better to have one person working with you than to have three people working for you.” – Dwight D. Eisenhower

28. “Look for people who will aim for the remarkable, who will not settle for the routine.” – David Ogilvy 

29. “A company should limit its growth based on its ability to attract enough of the right people.” – Jim Collins

30. “If you can hire people whose passion intersects with the job, they won’t require any supervision at all. They will manage themselves better than anyone could ever manage them. Their fire comes from within, not from without. Their motivation is internal, not external.” – @StephenRCovey

How To Handle Competition and Fear:

31. “Don’t be cocky. Don’t be flashy. There’s always someone better than you.” – @tonyhsieh

32. “If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.” – Jeff Bezos of @amazon

33. “Don’t look at someone else’s success and get jealous; look at their success and get motivated.” – @wmharris101

34. “When you know who your customers are, that can give you an edge on the competition.” – Alain Bouchard

35. “A merchant who approaches business with the idea of serving the public well has nothing to fear from the competition.”  – James Cash Penney of @jcpenney

36. “You can conquer almost any fear if you will only make up your mind to do so. For remember, fear doesn’t exist anywhere except in the mind.” – @DaleCarnegie

37. “If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” – Marcus Aurelius

38. “Trying to do what your competitors are doing but basically a little bit better is probably not going to be the winning strategy. The problem is finding what your competitors wouldn’t even consider doing.” – @cascio

39. “If you change the rules of the market, you can be more successful than your competitors.” – @MaxMckeown

40. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – @WarrenBuffett

How To Grow:

41. “It’s about getting the best people, retaining them, nurturing a creative environment & helping to find a way to innovate.” – @marissamayer

42. “Risk more than others think safe. Dream more than others think practical. Expect more than others think possible. Care more than others think wise.” – Howard Schultz of @Starbucks

43. “Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.” – Steve Jobs

44. “You can never go too far wrong by thinking like a customer who’s new to the business.” – @richardbranson

45. “Whatever you do, don’t let your emotions make decisions for you. Use facts and logic instead.” – @sujanpatel

46. “The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.” – Debbi Fields of @mrsfields

47. “Logic will get you from A to B. Imagination will take you everywhere.” – Albert Einstein

48. “Expect the best. Prepare for the worst. Capitalize on what comes.” – Zig Ziglar

49. “Nothing happens until you decide. Make a decision and watch your life move forward.” – @Oprah

50. “All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” – Calvin Coolidge

You may not stumble across any sort of “secret sauce” that will ensure overnight success, but that’s why we deliver you massive amounts of relevant and useful tips from real-life entrepreneurs—information that can put you on the path to prosperity if you work hard and stay focused.


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