Help People: 5 Pieces of Advice from Successful Entrepreneurs

The life of an entrepreneur is often wrought with more failures than hits, which can lead one to wonder: Am I doing this right? During such times, some encouraging advice by people who’ve been through it all can be just the thing we need to hear to keep going with renewed vigor. Here, then, are five pieces of advice about how to succeed in business from entrepreneurs who have done just that.
“Help people. Help when you’re happy. Help when you’re tired, and even help without attachment to getting anything in return. Keep on helping people towards a better life, straight through to your marketing. If you do this, you’ll create a marketing approach that’s based on ‘help marketing,’ and you’ll have a business that’s never short on customers.”
—Forest Linden, founder of Clarity Lab, from a Forbes article
“Learn public speaking. Of all the skills that an entrepreneur can have, I think the ability to convey an idea or opportunity, with confidence, eloquence and passion is the most universally useful skill. Whether you’re pitching a group of investors, rallying your employees, selling a customer, recruiting talent, addressing consumers, or doing a press tour, the ability to deliver a great talk is absolutely invaluable. And it is perhaps THE most under-recognized and under-nurtured skill.”
—Tim Westergren, founder of Pandora, giving advice on Quora
“If you want to have success, you can’t make success your goal. The key is not to worry about being successful, but to instead work toward being significant—and the success will naturally follow. If you do work that you love, and work that fulfills you, the rest will come. I truly believe that the reason I’ve been able to be so financially successful is because my focus has never, ever for one minute been money.”
—Nellie Akalp, CEO of CorpNet, from a Huffington Post blog post
“In the early months, you’ll be in hustle mode and will likely be saying ‘yes’ to every opportunity, getting whatever and whoever you can to help with momentum. Assuming all goes well, you’ll reach a tipping point where people start coming to you instead of you going to them—be that speaking events, trial services, coaching, investment etc etc. You will no longer have the time or need to say ‘yes’ to everything, so get the confidence to start saying ‘no’ to stay focussed on your vision.”
—Chris Prescott, CEO of Fantasy Shopper, giving advice on Quora
“It’s hard. And just when you think it can’t get any worse, it does. There’ll be times when it just keeps getting worse and worse and worse. Meanwhile, everyone else around you is getting better and happier and richer. You’ll feel like the only one who hasn’t figured it out yet. You’re sinking, your life sucks, and your business isn’t going anywhere. Oh yeah, and you’re not getting any younger, either. And just when you think about finally throwing in the towel, and saying “f* all this!” that right there is the test that all founders are eventually faced with: when things get too hard, you decide to stay, or you decide to quit. My advice is this: Before you decide, look at all those great, successful businesses that inspired you to start your own. They stayed.”
—Ben Chestnut, founder of Mail Chimp, from a DoesWhat interview
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
What Makes the Best Factoring Company in Houston? An Honest Answer From Someone Who Runs One
Short answer: There is no single best factoring company in Houston. There is a best factoring company for your business, and which one it is depends on your invoice size, your industry, your customers’ credit, how much hand-holding you need, and how much you’re willing to pay for speed. This article gives you the criteria to figure that out — including the questions that will get you an honest…
Survival Skills for Entrepreneurs: Growing a Business Without Running Out of Cash
I’ve been in the factoring business since 1993, and I started American Commercial Capital in 2003. That means I’ve spent more than thirty years looking at the inside of small companies — their invoices, their aging reports, their customer lists, their payroll cycles.
It’s an unusual vantage point. A banker sees a polished loan package. An accountant sees last year. I see what’s happening this week, in real…
What’s a UCC-1 Filing, and Why Does My Factor Need One?
Part of our Honest Answers series — straight talk about financing a growing business.
Somewhere in the factoring agreement, usually right about where you’re feeling good about the deal, you’ll hit a line that says the factor will file a UCC-1 against your business. And for a lot of owners, that’s the moment the stomach tightens. A lien? Against me? I thought I was the one getting paid…
