tips from successful entrepreneurs
TRANSCRIPT
Tips from Successful Entrepreneurs
From Forbes.com
Pennington Capital
In November, Forbes was able tointerview contenders for Ernst &Young's Entrepreneur of the Year
competition. Here is their advice aboutbeing a successful business owner in
2016.
Take Risks
Just thinking about it is not enough. You have to be 100%willing to risk everything in order to achieve anything.
Make Sure Your Team Cares
Being a good leader is just as important as having a goodproduct. Your team needs to want the company to succeed as
much as you do.
Embrace Mistakes
You must be able to learn from, and recover quickly from,setbacks in order to keep moving forward.
Think Outside of the Box
Innovation comes almost exclusively from startup companies.Embrace it.
Do What You're Good At
Don't try to be a one man team. Be in charge of what you knowyou are good at and outsource the rest.
Keep Growing
Keep moving forward. Keep growing your company. Do not gettoo comfortable in one place.
Spread Out FundingSources
Do not just focus on one place for business funding. Make sureyou have multiple sources.
Protect Your Core
Even while growing, do not let what the company was built onfall to the wayside.