Tips for Owning Your Own Business from Seasoned Professionals

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There are plenty of seasoned professionals in the world who have turned a measly $5 in their pocket one day, into a multi-million dollar business a few years later. There are times when you will want to build your own business or work on your current one to ensure it is successful. Sometimes, you may be looking for inspiration to understand and know how some of the business success stories got to where they are today. We look at some of the advice given by such people which can help you turn your business dream into a reality.

Tim Ferris

Tim Ferris is a three time New York Times best-selling author as well as the CreativeLive instructor of The Four Hour Life. The advice from Tim is to choose your friends wisely. Tim heard that ‘you are the average of the 5 people you associate with most’. In order to be great and achieve great success, be sure to surround yourself with people who you aspire to be more like. This advice was also backed up by co-founder of LinkedIn, Reid Hoffman who advised to associate with those you aspire to be like. When you do this, you will soon find that “who you’re with is who you become”.

Sheryl Sandberg

Facebook’s Chief Operating Officer, Sheryl Sandberg, is always looking to empower women in business and to inspire them to become great leaders. The best advice she ever received was from Eric Schmidt while he was Google’s CEO. He advised her that when choosing a job, the most important criteria to consider is fast growth. “If you’re offered a seat on a rocket ship, you don’t ask what seat. You just get on”.

Michelle Garcia

The owner of Heirloom Catering in Denver has said that it’s important to ask for help. No one goes into business knowing all the answers. As you grow alongside your business, it’s important to understand that it is totally fine to ask for help and advice along the way. Not only will you gain the answers, but you will grow and make some great connections along the way.

Richard Branson

The famous entrepreneur and owner of Virgin, Richard Branson has mentioned that challenging himself every day has been one of his greatest motivators. By treating every day as an opportunity to learn something new, you’ll find yourself motivated to keep improving your business and your knowledge. He also noted that you should work on something you’ll be proud of. He says, “For me, building a business is all about doing something to be proud of, bringing talented people together and creating something that’s going to make a real difference to other people’s lives.”

Steve Jobs

The late Steve Jobs was known for being an innovator and a key player in the great success of the multinational giant we all know as Apple. When asked what kept him motivated, he said it came down to caring for your work. As you’re spending a lot of time at work, in order to succeed and enjoy what you do, you should work on something you genuinely care about. When you care about your job, it won’t feel like work. He also mentioned the importance of taking the time to develop your work. Great success doesn’t just happen overnight, so be sure to take the time to develop and work on your business.

David Karp

The founder and CEO of Tumblr says the key to your success is to have a clear vision. If you have a clear idea of what you wish to achieve and a true desire to make it happen, you will find your successes are easier to achieve.

Bridie Picot

The CEO of Thing Industries has felt the best advice for anyone looking to start a new business is to get out there and get started. She believes that instead of drowning in research, facts and figures about starting a new business, if you have the drive and vision, get started straight away. When looking at logistics, it’s easy to get bogged down and feel a little overwhelmed. Instead, things may be easier to tackle if you’ve already made a start.

Lewis Howes

Former professional footballer and current lifestyle entrepreneur has felt that it is highly important to invest in yourself. “Always invest in you!”. The key is to use the profits you make and invest them back into your brand and yourself. It’s never a waste of time or money when working on building your brand and business.

Janice Bryant Howroyd

The founder of Act1 Group feels that it is important to be grateful. Always be grateful along your business journey and find time each day to show your gratitude, regardless of the kind of day you have had. With her upbringing alongside 10 siblings, she also notes that a lot of your successes are due to those around you, including your family.

Chase Jarvis

Founder and CEO of CreativeLive, Chase Jarvis believes in pursuing things you’re passionate about. When working in business, if times get tough or you face difficult challenges, you will have a lot more motivation to problem-solve if it is something you’re passionate about. If you’re constantly just looking for the next popular market, you won’t have the motivation to keep going with it, even if it is for a few quick bucks.

Sophia Amoruso

Founder of Nasty Gal and the author of #GIRLBOSS started her work in business by opening a vintage clothing store on eBay. From here, it has grown into a multi-million dollar empire with it’s own clothing range. Her advice, which she says was the key to her own success, was the refusal to accept failure. When people told her “no” she refused and kept going. Those same people were the ones eventually saying “yes” to her.

The importance of education

Education is the most important part of making your business a success – you have to keep up with the developments of the industry market, and with the technology upgrades. ICI provide a range of comprehensive business courses for those looking to further their education – you can find the available courses on the ICI website here.

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Gladys Mae

Gladys is the Associate Director of Admissions & Student Services with over 10 years of experience at the International Career Institute.