Entrepreneurs reveal their best business advice

Entrepreneurs reveal their best business advice During my journey, people have asked me if I want to partner with them—usually because they know that I know how to work hard.

I have held back because I place more value on the relationship.

10. Be unrelentingKym Huynh—founder at WeTeachMeI grew up intimately watching, and bearing witness to, the ethos and wor...
06/08/2022

10. Be unrelenting
Kym Huynh—founder at WeTeachMe

I grew up intimately watching, and bearing witness to, the ethos and work ethic of my mother and my father.

It is seared into every fibre of my being the unrelenting nature in their extreme work ethic, the strength in their inability to take no for an answer, the bravery in their conviction to stand up for what is right and fair, the audacity in their willingness to bulldoze through insurmountable odds and the courage in their unrelenting ability to never, ever, give, up.

9. Life is too short to learn everything through experienceKeith Roberts—founder, author and speaker at OAKJournal; foun...
06/08/2022

9. Life is too short to learn everything through experience
Keith Roberts—founder, author and speaker at OAKJournal; founder and creative director at Zenman

This idea was taught to me by a gentleman by the name of James Webb. James and I couldn’t be more opposite in our personal life, but throughout the years we have become lifetime friends.

The idea that “life is too short to learn everything through experience” applies to my business, my personal and my family life. It seems like common sense, but when applied to all facets of your life, it can have a significant impact by helping you: (1) avoid pitfalls; and (2) identify possibilities.

It means that you can avoid potential hardships by learning from what others have done or experienced before. The practice of looking into the past also reveals opportunities that may have previously gone unseen.

8. Skills can be learned. Values cannot.Jamie Skella—chief operating and product officer at MogulI didn’t have the luxur...
06/08/2022

8. Skills can be learned. Values cannot.
Jamie Skella—chief operating and product officer at Mogul

I didn’t have the luxury of mentors at my disposal as a young entrepreneur, so most of the business advice I garnered was from afar as I closely watched those succeeding on the global stage (as well as those who were making mistakes).

One of the earliest meaningful pieces of advice I remember paying attention to was Richard Branson’s “most skills can be learned, but it is difficult to train people on their personality”.

Alas, some lessons need to be learnt first hand. In spite of Richard’s words, I still fell into the trap of hiring based on credentials instead of cultural compatibility at one critical juncture in the past. It’s not a mistake I’ve made since as a hiring manager and it’s also a learning I’ve carried over into my investments: I back entrepreneurs first and foremost and not their CVs; that distinction is critical.

7. Find the puzzle piecesEmma Welsh—founder at Emma & Tom’sTalk to as many experienced people as you can. Each person yo...
06/08/2022

7. Find the puzzle pieces
Emma Welsh—founder at Emma & Tom’s

Talk to as many experienced people as you can. Each person you talk to will have one small piece of the puzzle, but not the entire puzzle.

Your job, as an entrepreneur, is to find as many pieces of the puzzle as you can, from as many different, experienced people as possible, and then to construct your own version of that puzzle as best as you can.

6. Never give someone else permission to treat you in a way that is contrary to your values, principles, and beliefsDemi...
06/08/2022

6. Never give someone else permission to treat you in a way that is contrary to your values, principles, and beliefs
Demi Markogiannaki—founder at WeTeachMe

The best advice I have ever received came from one of my mentors from the US. It’s an amazing life lesson, and one that I will carry with me for the rest of my life.

During one of our regular catchups, I was complaining about how I felt helpless while dealing with a co-worker who was being a bully. I remember vividly how I went on and on about how much I disliked the way my co-worker treated people, and the detrimental effect that this behaviour was having on the workplace culture.

5. Do the most important thing at the start of the dayDavid Fastuca—founder at Ambisie and founder at LocomoteSpend the ...
02/08/2022

5. Do the most important thing at the start of the day
David Fastuca—founder at Ambisie and founder at Locomote

Spend the first two hours of your work day doing the most important thing, so that if you did nothing else, you would be satisfied.

This is an idea that has been drummed into me over time by various mentors and business people. I–and many people I know–have a tendency to get caught up in “doing things” that we forget, or worse, neglect the things that should be done to help move our businesses forward.

4. Measure Twice. Cut Once.Daniel Dickson—managing director at Amarco EnterprisesThe best business advice I was given wa...
02/08/2022

4. Measure Twice. Cut Once.
Daniel Dickson—managing director at Amarco Enterprises

The best business advice I was given was in my year 10 woodwork class by my teacher—who was teaching woodwork to boys who were both frivolous and quick to make decisions on cutting into beautiful pieces of timber. I believe I still say this to my staff at least 10 times a week.

The reason this advice is so important is that often people are quick to make decisions or take actions, only to use twice the time later to fix mistakes that could have been avoided.

“Measure twice, cut once” ensures that that we do things properly and—prior to delivering, executing or starting—we ensure that all the checks and measures are taken to ensure our chances increase for a successful deployment or implementation.

3. Listen to your gutAndrea Grisdale—founder and CEO at IC BellagioEven if every single person in the room believes othe...
02/08/2022

3. Listen to your gut
Andrea Grisdale—founder and CEO at IC Bellagio

Even if every single person in the room believes otherwise–and that room is filled with people who you believe are more experienced, more intelligent and more prepared than you are–do what your instincts tell you you do. Listen to the point of view of others but go with your gut. It will never fail you.

Whenever I made a decision that was contrary to my gut or intuition, whether it be because I wanted to people please or I capitulated under the pressure of being surrounded by, in my opinion, people who were more intelligent, experienced or qualified than I was, those decisions have always turned out to be the wrong decision. Conversely, whenever I made a decision that honoured what my gut or intuition was telling me, it was the right decision.

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