Advices From the Multi-Millionaire Entrepreneurs
For many entrepreneurs out there, the threshold of being a centimillionaire seems an impossible task. Your organization is doing fantastic and soaring up the profits, but the question is how do you push it to the limits and reach the hundred-millionaire mark? Let the industry experts assist you in this manner.
This is considered as wisdom provided by the entrepreneurs who used to be in the path just like you, who were skillful and intelligent and lived their advice by an example. While many people would disagree with the ideas, the best thing is to follow them and understand their aspect and how can you put them to use on your daily basis.
1) Gary Vaynerchuk:
Founder and CEO of the VaynerMedia, Gary states that entrepreneurs of today must emphasize on the dirt and clouds. They should always remember the giant goals they have set for themselves and should be ready to get their hands dirty in the nitty-gritty of the ground operations. Anything that you do make sure you finish it and don’t get stuck in the middle.
Middle is a horrible place – the place where dirty politics are done over little things, affecting your business tremendously.
2) Leanna Archer:
CEO, and Founder of Leanna’s Essentials, Leanna emphasizes in taking certain advantages available to gain an edge in the market. She says that if someone is not sure about how a business is run, there’s no need to worry. The Internet is going to solve all of your problems.
If you don’t have an idea about a product or service, there’s no need to worry. Try reaching out to the products that are best-kept secrets in the family. How about a particular pomade recipe from your Grandma? Not getting enough idea about the packaging? Try using some Gerber jars, try being a little creative.
Archer started her small business when she was just nine years old, and employed her father at 17; Started a business of hair care products making her a millionaire before she started her college.
3) Robert Smith:
Robert Smith from Vista Equity Partner suggests that talent is available in the places we may not think of. If you believe that your next employee is the one graduating from an ivy league with outstanding references, try reaching out to the people from places which many organizations ignore. Try quizzing the pizza delivery guy, or a waiter from Burger King, or perhaps a barista from Star Bucks.
Smith in this regard is using a personality test to check-up on the potential candidates’ with technical aptitude, social skills, and their interest in other curricular stuff. Some of his employees used to work at Verizon, roofers, sales representatives, and what not. Smith opened his organizational doors to anyone with exceptional skills. People from Ivy League universities to the pizza delivery guys are now working at his firm and earning a decent amount of money. Smith in this regard not only found some of his best employees from these places but motivated them to do better at their job. The results were highly impressive.
4) Kevin Systrom:
Everybody is aware of the famous photo sharing application named Instagram. The CEO of Instagram Kevin Systrom believes that it is better to be a CEO and not a target market.
After establishing himself as CEO and founder of the famous billion dollar company, Systrom is just another average Instagrammer. Probably the reason why he created the app in the first place – for people to share their everyday life photos, and not for the fashionistas, photographers and social media marketers using the application to endorse and market their products and services through targeting their potential customers.
The reason why he is just another average Instagrammer is due to the fact that he is too busy taking care of the company he built tirelessly and managing the operations smoothly. Nonetheless, the lesson which many can learn from Kevin is that you don’t have to be geek to endorse or market your product. Keep it simple, and people will love it for sure.
5) David Karp:
Tumblr is another photo sharing app where professional and amateur photographers share their photos with the general audience. CEO of Tumblr, David Karp suggests that it’s essential to keep your time to yourself. It’s okay to be a solitary person sometimes. There’s a common perception that if someone is not responding to the emails, they are getting, it shows that they want to be left alone.