Imagine having multiple business mentors – all successful entrepreneurs – who are there to provide you with the best business advice as you embark on your own entrepreneurial journey.
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Best business advice from entrepreneurs, for entrepreneurs
Why the best business advice? Because they’ve been there already. They’ve had that same struggle; they’ve encountered a similar roadblock; they’ve experienced a lot of failures – and they can tell you what they did to successfully move past them.
Having multiple business mentors
What you’re imagining – it exists.
Have you ever felt stuck in one area of your business, and after struggling to figure out what the best solution is you remember that one podcast episode you listened to a while back, or blog post you read last week, or email newsletter that went out about a month ago, that touched on the exact same struggle?
You’re trying to remember the name of the guest who was on that podcast, or the name of the post you read, but you can’t quite figure it out.
Has this ever happened to you before?
There is a lot of great business advice out there from entrepreneurs, for entrepreneurs, and what you’re imagining – having multiple business mentors – all successful entrepreneurs – who are there to give you the best business advice as you embark on your own entrepreneurial journey – it exists.
It exists in those podcast episodes you listen to, in the blog posts that you read and in the newsletters you choose to subscribe to.
The trick is to consume wisely, which can be quite time consuming.
First, you need to figure out what types of content are best for you. Audio? Video? Written?
Next, based on your business goals, you’ll want to identify the leaders in your industry or niche who are providing the targeted content you want to learn more about.
Finally, you’ll want to have some sort of reference that gathers together all of the best business advice you’ve received so that you’re not ever racking your brain to remember “Where on earth did I see or hear about that?”.
A reference for the best business advice
What I hope to do with this post is provide you with exactly that: a reference for the best business advice from entrepreneurs, for entrepreneurs, that we’ve gathered right here at EntrepreneurOnFire.
With over 700 episodes, we have quite a bit of advice to share with you from today’s most successful entrepreneurs. Since we know you don’t have time to continuing going back to these episodes over and over again, we’ve brought it together in one place for you to consume, save, refer back to and share with those who you think might benefit from it.
So let’s do it!
John Lee Dumas asks 700 successful entrepreneurs
“What’s the best business advice you’ve ever received?”
Let’s dive into the archives and find out what they had to say…
Never sell yourself short.
Pat learned this lesson first-hand after undervaluing his own eBook. Listen in to hear how he bounced back and turned this lesson into action.
The concept of “just shipping something”. Don’t build a business and then spend all your time planning and studying your audience and building business plans.
A business is simply value that you, the business owner, create and offer to an audience in a way that they can pay you for. Start building a sustainable business.
A quote from Steve Martin: “Be so good that you can’t be ignored.”
If you’re good enough at what you do – if you’re solving people’s problems – the marketplace will not be able to ignore you. Stop waiting for permission to move forward! Put it out to the marketplace (push), and then people will come to you (pull).
Play up what you’ve got, and forget about what you don’t have.
Barbara tells a hilarious story here about when she was working at a diner… Her mother gave her a piece of advice about playing up what she had, which led to Barbara meeting the man who would unexpectedly help make her a millionaire.
It’s all about relationships.
Zig Ziglar believed that if you help enough people get what they want, you’ll get what you want. All businesses are rooted in relationships.
“Our job is to give our clients our very best professional advice, but at the end of the day, they decide whether or not they take it.”
It’s not your job to pull the trigger. We can’t make the horse drink, we can only lead them to water.
It’s not going to be a straight shot upwards – but don’t give up. If you believe in your vision, just keep going.
Face the inevitable with joy. Things are going to happen; be happy about them . Only YOU get to decide how you’re going to judge what happens to you.
And specialize: be good at and be known for ONE thing.
Align what you do with who you are: an organic manifestation of what allows you to come alive in the world.
It’s important for people to do what they’re good at, and be open to ideas that might lead to using what you’re good at in ways that will make you money.
Aspire to be the dumbest person in the room. Always be playing your A game!
Sally talks about when you play your A game – that’s when you’re able to push yourself to the next level.
Be the best at what matters most. What matters most to you?
Spend less than you earn. Sound advice, Derek!
Shawn tells us a story about when he first started his blog, and he was writing as if he were writing for a scientific journal. The problem? He wasn’t writing in his own voice, he wasn’t being himself. Being himself totally and openly gave him character and personality so that he could finally connect and build relationships with his true audience.
Never be a vendor – always be an expert.
No matter how much doubt is creeping in, lay it out there, thrive on the challenge, and if you fail, fail spectacularly. What it takes to be viewed and regarded as an expert.
Serve those who love you.
It’s easy to get that 1 negative email, or see that 1 person who unsubscribes, and then think you’re not good enough, or you’re not measuring up.
It’s okay if your content isn’t right for that 1 person, because it IS right for the thousands of others who love you and what you do.
There you have it! The best business advice from entrepreneurs, for entrepreneurs.
What I love most is that each of these entrepreneurs has a different piece of advice, and a different experience from which that advice stems. Remember, as Shawn Stevenson says, just be yourself. This is where your uniqueness comes from, and this is where your opportunity to really connect with your audience lies.
If any of this advice resonates with you, or if you’re in a position in your business or even in your life where you feel this advice might be useful for you or someone you know, then I invite you to listen and share one or more of the episodes above!
Trivia time! Can you guess what John’s answer to this question was when he had the tables turned on him?…
John Lee Dumas
You need to know what people want, and you’re never going to find out until you put something out there, fail fast, fail forward, and get the feedback from your listeners – from your audience – that you need in order to improve.