What’s the best advice you ever received? Sometimes, it takes just a small tidbit to motivate you or help you see a clear path to success. These leaders have shared their best advice that helped them through a tough period or jumpstart a career.
1. Don’t lose sight.”‘People who used to run car companies were really into cars. People who ran hotel chains loved hospitality. Now everything is run by accountants and you feel it as a consumer.’ This slightly grumpy rant from one of my mentors, the famed mad man, Martin Puris, inspires me to stay focused on the purity and passion of a business pursuit.” – Andrew Deitchman, Co-Founder of The New Stand
2. You get only what you settle for.”The best business advice I ever got came from my dear old Dad. It’s quite simple and immeasurably powerful. It goes like this–‘You, and only you, should set the value of your talents, ideas, services and or product. Don’t ever expect anyone to pay/give you more than they have to’. As an entrepreneur, you have to get used to the fact that, quite often, you’ll be faced with an offer that seems less than the value of your talent, ideas, services or product. That’s business. You are the sole arbiter of what you, your ideas, services or product is worth. Therefore, what you get is what you are willing to settle for. You have to fight for what you feel you’re worth. And, not that settling is necessarily a bad thing, but where you end up is what you settle for. Sage advice.” – Neil Powell, Fine Artist and Co-Founder of Mugnacious
3. Be clear and transparent.”I learned many things while working for Steve Jobs in the ’90’s, including what not to do. While Steve was arguably the greatest marketer of our generation and gave some of the most inspirational speeches of our time, he wasn’t the best communicator when it came to individuals. Steve didn’t set defined expectations for me or other employees: he simply knew it when he saw it. Watching him operate made me recognize the importance of clarity and transparency with my team, and how imperative it is to set expectations and effectively communicate with them. The more transparent I am about where I want to take the company, the clearer my team is about how to get there. Making sure everyone is on board before you make business decisions will help ensure you won’t alienate people (sometimes your best ones) in the process.” – James Green, serial entrepreneur and CEO of technology company, Magnetic