Tips From Successful Entrepreneurs

10
Tips from Successful Entrepreneurs From Forbes.com Pennington Capital

Transcript of Tips From Successful Entrepreneurs

Page 1: Tips From Successful Entrepreneurs

Tips from Successful Entrepreneurs

From Forbes.com

Pennington Capital

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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.

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Take Risks

Just thinking about it is not enough. You have to be 100%willing to risk everything in order to achieve anything.

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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.

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Embrace Mistakes

You must be able to learn from, and recover quickly from,setbacks in order to keep moving forward.

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Think Outside of the Box

Innovation comes almost exclusively from startup companies.Embrace it.

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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.

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Keep Growing

Keep moving forward. Keep growing your company. Do not gettoo comfortable in one place.

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Spread Out FundingSources

Do not just focus on one place for business funding. Make sureyou have multiple sources.

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Protect Your Core

Even while growing, do not let what the company was built onfall to the wayside.