I read the following at the weekend and thought it was good advice worth sharing.
43 year old Sara Blakely gave the world Spanx: the world’s first invisible pants. She launched a start-up with $5000 in savings to becoming the youngest self-made female billionaire in history.
This is Blakely’s answer to the question, “What advice would you give entrepreneurs?”
1. Pay it forward. Solve people’s problems, make their lives easier, make them happier and the money will follow.
2. Go with your gut. It seems to know things your head doesn’t.
3. Push through your fear. Blakely says she was terrified when she started her business and still pushes herself through her fears every day, which include flying all over the world, despite a chronic fear of flying.
4. Spend time each day on your own: ideally at least half an hour in silence. Blakely says that the best ideas always come to her while she is having her evening soak in the bath.
5. Believe in your work and treat failure as a key part of the process. Blakely said she heard the word “No” over a thousand times before someone first said “Yes” to her idea.
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