Although running a business inevitably involves making mistakes, you mine as well not reinvent the wheel if you don’t have to.
Here are some nuggets of wisdom from extremely successful people that they wish they had known at the beginning of their careers.
Dara Khosrowshahi, CEO of Expedia:
“If I could do it over, I would plan less and take more risks. I wouldn’t be in such a hurry to grow up. I would realize that the consequences of mistakes are usually less than you realize. And loss and losing can be the most valuable lessons in life.”
Tim Westergren, Founder and Chief Strategy Officer at Pandora:
Avoid the risk of not trying and the regret of wishing you had.
Denise Morrison, President and CEO of Campbell Soup Company:
“Don’t wait for doors to open. Open them yourself by being persistent and thinking strategically about your career. Plan your career destination, develop a personal mission statement, and build relationships with sponsors and mentors.”
Oprah:
Never doubt your path. If she knew what she knows now, Oprah says that she would “never have wasted even a single minute doubting my path.”
Kat Cole, President of Cinnabon:
“What I wish I would have known is that everything will change and eventually work out in your career when you follow your purpose and passion. Don’t get too caught up in the ‘plan’ that you have.”
Arianna Huffington, President and Editor-in-Chief of the Huffington Post Media Group:
“Don’t just climb the ladder of success—a ladder that leads, after all, to higher and higher levels of stress and burnout—but chart a new path to success, remaking it in a way that includes not just the conventional metrics of money and power, but a third metric that includes well-being, wisdom, wonder and giving, so that the goal is not just to succeed but to thrive.”
Jimmy Wales, Founder of Wikipedia:
Spend wisely early in life so you can achieve the financial independence to follow your dreams.
Warren Buffett:
Don’t be afraid to work on your weaknesses. Early in Buffett’s career, he says that a class helped him overcome his crippling fear of public speaking.
What advice would you give first time entrepreneurs? Share your tips in the comments below.
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