50 Superb Business Advice From Some Self Made Billionaires


Here are 50 hot and superb business advices from some billionaires. I find these advices motivating and inspiring and am very sure you will find them inspiring & motivating too. If you are willing to be successful and want to learn how those great billionaires made it, relax and read through these 50 superb advices from billionaires.

Advice from Self Made Billionaires

1. “Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it.” – Steve Jobs of Apple 

2. “To turn really interesting ideas and fledging ideas into a company that can continue to innovate for years, it requires a lot of disciplines.” – Steve Jobs of Apple

3. “The most meaningful way to differentiate your company from your competitors, the best way to put distance between you and the crowd is to do an outstanding job with information. How you gather, manage and use information will determine whether you win or lose.” – Bill Gates of microsoft

4. You’ve got to give great tools to small teams. Pick good people, use small teams and give them great tools so that they are very productive in terms of what they are doing.” – Bill Gates of Microsoft

5. “If your cash is about to run out, you have to cut your cash flow. CEOs have to make those decisions and live with them however painful they may be. You have to act and act now; and act in the best interest of the company as a whole, even if it means that some people in the company who are your best friends have to work somewhere else.” – Larry Ellison of Oracle

6. “To succeed in business, you must build a brand and never destroy it. One competitive advantage I had when I ventured into manufacturing was my brand “Dangote,” which I diligently built in the course of my trading commodities.” – Aliko Dangote of Dangote Group

7.”Manufacture, don’t just trade. There is money in manufacturing even though it is capital intensive. To achieve a big breakthrough, I had to start manufacturing the same product I was trading on; which is commodities.” – Aliko Dangote of Dangote Group

8.“To be successful, you have to be out there, you have to hit the ground running, and if you have a good team around you and more than a fair share of luck, you might make something happen. But you certainly can’t guarantee it just by following someone else’s formula.” – Richard Branson of Virgin Group

9.”Think like a queen. A queen is not afraid to fail. Failure is another stepping stone to greatness.” – Oprah Winfrey of Harpo Studios Production

10.“A good businessman sees where others don’t see. What I see, you may not see. You cannot see because that is the secret of the business… the entire world is a big market waiting for anybody who knows the rules of the game.” – Orji Uzor Kalu of Slok Group

11. “When there is a crisis, that’s when some are interested in getting out and that’s when we are interested in getting in.” – Carlos Slim Helu of Telmex Corporation

12. “There’s no mystery in business success. If you do each day’s task successfully and stay faithfully within these natural operations of commercial laws which I talk so much about and keep your head clear, you will come out all right.” – John D. Rockefeller of standard oil

13.”The ability to deal with people is as purchasable as a commodity as sugar or coffee and I will pay more for that ability than for any other thing under the sun.” – John D. Rockefeller of standard oil

14. “In times of rapid change, experience could be your worst enemy.” – J. Paul Getty of Getty O

15.“Somebody once said that in looking to hire people, look for three qualities; Integrity, intelligence and energy. If they don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without the first, you really want them to be dumb and lazy.” – Warren Buffett of Berkshire Hathaway

16.”The competitor to be feared is one who never bothers about you at all but goes on making his own business better all the time.” – Henry Ford of Ford Motor Company

17 “A business absolutely devoted to service will have one worry about profits. They will be embarrassingly large.” – Henry Ford of Ford Motor Company

18.”If you see a snake, just kill it. Don’t appoint a committee on snakes.” – Henry Ross Perot of EDS

19. “Good campaigns define who you are. We have to get consumers’ attention. We don’t have six months to check with focus groups.” – Philip Knight of Nike

20. “Our job is to wake up the consumers. If we become predictable, that’s not waking them up.” – Philip Knight of Nike

21. “Don’t spend so much time trying to choose the perfect opportunity, that you miss the right opportunity.” – Michael Dell of Dell Inc.

22. “Recognize that there will be failures, and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.” – Michael Dell of Dell Inc.

23. “The secret of successful retailing is to give your customers what they want. And really, if you think about it from the point of view of the customer, you want everything: a wide assortment of good quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience.” – Sam Walton of Wal-Mart

24. “Changes occur because there’s a gap between what is and what should be.” – Craig McCaw of McCaw Cellular

25. “But you don’t need a huge company, just a computer and a part-time person. So you don’t need to have a 100-person company to develop that idea. You can do it in your spare time, you can really work on ideas and see if they take off — rather than trying to raise tons of money, millions of dollars for an idea that may or may not work. And once you have the product and people are using it, it’s very easy to raise investment.” – Larry Page of Google

26. “Be an enzyme – a catalyst for change. As a slogan, I don’t know if that’s ever going to be right up there with Ich Bin Ein Berliner, or “I Have A Dream,” but there’s a lot of truth to it.” – Pierre Omidyar of E-Bay

27. “Your vision is very important. You should know whom you’re selling to, what your marketing and advertising says about you, and whom it’s speaking to. Me personally, I don’t try to please everyone. I understand who I am selling to and I work towards that vision all the time.” – Ralph Lauren of Polo

28. “It’s about broadening your scope through history and living your life. Tune in and pay attention.” – Ralph Lauren of Polo

29. “Do something. Either lead, follow or get out of the way.” – Ted Turner of CNN

30. “Managing isn’t that difficult, you just have to score more runs than the other guy.” – Ted Turner of CNN

31. “Experience taught me a few things. One is to listen to your gut no matter how good something sounds on paper. The second is that you are generally better off sticking with what you know and the third is that sometimes, your best investments are the ones you don’t make.” – Donald Trump of Trump Organization

32. “It pays to trust your instinct.” – Donald Trump of trump Organization

33. “Make your product easier to buy than your competition, or you will find your customers buying from them, not you.” – Mark Cuban of Broadcast.com

34. “We are poised for accelerated future growth and we need the depth and breadth of leadership to achieve it.” – Leslie Wexner of Limited Brands
 
35. “Express is well into the process of substantial transformation and is providing itself as a significant dual gender, high quality apparel brand. While much work needs to be done, we believe the opportunities for growth across our brand are significant.” – Leslie Wexner of Limited Brands

36. “Sometimes you gotta be fast so you don’t waste the time of others.” – Craig Newmark of Craiglist

37. “Follow through with basic values, and remember to provide good customer service.” – Craig Newmark of Craiglist “I think that our fundamental belief is that for us, growth is a way of life and we have to grow at all times.” – Mukesh Ambani of Reliance Group

38. “The organizational architecture is really that a centipede walks on a hundred legs and one or two don’t count. So if I lose one or two legs, the process will go on and the growth will go on.” – Mukesh Ambani of Reliance Group

39.“In life and business, there are two cardinal sins. The first is to act without thought and the second is not to act at all.” – Carl Icahn a Billionaire Investor

40. “You learn in this business; if you want a friend, get a dog.” – Carl Icahn a Billionaire Investor

41. “You are dead if you aim only for kids. Adults are only kids grown up, anyway.” – Walt Disney of Disney 42. “Tomorrow can be a wonderful age.” – Walt Disney of Disney

43. “Remember that, in the end, the customer doesn’t know, or care, if you are small or large as an organization – she or he only focuses on the garment hanging on the rail in the store.” – Giorgio Armani of Armani

44. “In this business you can’t have a destination, an arrival point. Otherwise your competitors will overtake you, or you become complacent.” – Giorgio Armani of armani

45. “We’ve got customers. We’ve got suppliers. We’ve got employees. We’ve got unions. We’ve got communities. We’ve got all of these things that go into making up whether a business succeeds or fails.” – Gerry Schwartz of Onex Corporation

46. “Investments are like trains, and if you miss one, don’t worry because another one will come down the line.” – Gerry Schwartz of Onex Corporation

47. “What do you need to start a business? Three simple things: know your product better than anyone. Know your customer, and have a burning desire to succeed.” – Dave Thomas of Wendy’s

48. “Take care of your business and your business will take care of you.” – Dave Thomas of Wendy’s

49.”Never be ashamed! There’s some who will hold it against you, but they are not worth bothering with.” – J. K. Rowling of Harry Potter Series

50. “Anything is possible if you’ve got enough nerve.” – J. K. Rowling of Harry Potter Series 

Hope you find these business quotes inspiring and motivating? If you have more business quotes you want to share, use the comment box below to share them.


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Comments

  1. These thoughts are very inspiring. Reading these tips from successful individuals can motivate us.

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