words of wisdom about business

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Starting and running your own business can be a challenge, and some days you may even question why you ever decided to leave the run-of-the-mill corporate world. Even if you're having a bad day at the office, there are plenty of advantages to being your own boss and a variety of people to take inspiration from.

When it comes to hiring new staff, many people look for candidates that can fill the current role well. However, the Facebook Founder believes that finding professionals that are stronger than you in certain ways will help your business flourish. Instead of being threatened by their strengths, value them and utilize them in your company.

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If you don't believe in what you're doing or selling, then you won't be successful and neither will you have the willpower to get up each day and work for it. Of course, everyone has days where they question what they're doing and entrepreneurs are no different but you need to have a passion.

Biting off more than you can chew is a problem that businesses of all sizes experience so focus on what you know and build on it. Blakely started with just one product, got reviews and worked on the feedback from it. This helped her decide where consumers wanted her business to go and where her time, effort, and money should be invested.

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There is no shortage of advice blogs, books and podcasts about entrepreneurship these days. Sifting through all of this advice can take up valuable time and, unfortunately, not all of it will actually help you succeed.

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That's why it's helpful to learn targeted tips from entrepreneurs who understand what it takes to launch and grow a successful startup. To share the good and warn against the bad, 10 members of Young Entrepreneur Council gave their advice for first-time entrepreneurs. Follow their tips when you need guidance to get you through the early days of your business endeavors.

One of the most important relationships a fledgling entrepreneur can have is with a mentor. A mentor is a trusted advisor who helps you grow professionally and personally by offering advanced knowledge and experience. Mentors often help you set goals, maintain accountability and offer encouragement. They can help establish connections that will foster business growth and provide constructive feedback. Look to your existing network to find a mentor. Ask colleagues for recommendations. Find someone using LinkedIn who is successful in their business and reach out. - Jared Weitz, United Capital Source Inc.

I would advise them to follow a process that works. There are countless businesses out there that are successful because they follow a system. This doesn't necessarily mean following the system of a franchise or dealership. Join industry-related groups online as well as local, if applicable. Find some entrepreneurial mentors or coaches who can help you on your journey in your specific niche. There may be people you can hire to coach you through the process and along the journey who have already had the success that you want to achieve. Don't try to just guess, but follow people who have already had success. This will save you time and avoid the trial and error so many entrepreneurs face when launching out on their own. Try modeling successful businesses and emulate what's working. - Bryan Citrin, Chiropractic Advertising

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