What is one of the conditions to be a successful entrepreneur? That is, you need to listen carefully to what others have to say and adapt to the situation. And it will give maturity to your ego. Let me explain, A lot of times such a situation arises, the entrepreneur has to make a decision even if he does not know the good answer. When he leads again, he starts with some of his best ideas. Now if all goes well according to his intelligence, then very good. But if it is not, then? For this to be successful, the entrepreneur has to know how to proceed in all situations.
But one of the most successful entrepreneurs in the world did not achieve everything in one day. They are now an entrepreneur using many experiences along the way. ‘Do something that is completely different’ Almost all successful entrepreneurs say this to others. It is important to understand that not all decisions will always lead to success. But all those decisions, right or wrong, will give him a new lease on life and success. Below are some of the experiences of successful entrepreneurs.
1. The need for proper behavior compensation
Netflix CEO Reed Hasting shared an interesting experience from his work. The first company was Pure Software of Hastings. What happened to him in this company was that every time there was a significant error. They have thought a lot about what process can be put in place to prevent these errors from happening again. At first they had a hard time understanding the problem. Later they revealed the technical problem. “There were a lot of us who weren’t first principal thinkers,” Hastings said in an interview. They just followed the process. First Principal Thinker always wonders which will be the best for the company and whether we can do something different to be successful? In the case of Netflix, Hastings thought so from the beginning. What is the best thing for the company, that is always in mind. They decide the content with this in mind.
2. The truth must be accepted
Sheryl Sandberg, CEO of Facebook, has a different experience. Sheryl interviewed all the participating workers from all over the world. When 100 people were taken, he suddenly noticed that the recruitment process for his interview was stalled. The matter made him think a little. “I think this interview should be stopped,” she said in a meeting one day. Say, ‘It would not be right to do so. You have a great interview. ‘However, Sheryl’s idea was proved wrong and everyone present applauded the decision. After that incident, Sheryl realized that the acceptability of her work in the workplace should be measured from time to time. If he hadn’t said it, maybe it would have continued.
3. Need a magical experience
Brian Chesky, co-founder of Airbnb Travel, came up with an excellent idea to understand what needs to be done for the business. Advertise anonymously. “We are looking for a traveler whom we will bring back to San Francisco,” said Ricardo, a London resident. Ricardo was sent to San Francisco with a photographer. Ricard went there, found a hotel on his own budget, looked online and went to a couple of places of interest. Introverted Ricardo never spoke to anyone on his own. It can be said that he came back with a bad experience. Chesky thought about it. He then arranged for Ricardo to have a perfect tour. A man picked up Ricardo from the airport. The hotel was fixed. With the guide, the sights were shown around. The party was arranged in place of the traditional food. Great experience all together. And Chesky used this experience. It was a magical experience for the business.
4. Even if the staff is more efficient than the boss, there is no need to worry
Mark Zuckerberg, founder and CEO of social media Facebook, says you shouldn’t hire someone you don’t work for. The thing is, it is difficult to survive if there is an attitude of taking work from the employee but not giving him what he deserves. Zackerbagh thinks another issue is very important in business. That is, if the worker is more efficient than the boss, there is nothing to worry about. Zuckerberg said Sheryl Sandberg, Facebook’s chief executive officer, did a much better job than he did. He does not feel anxious, but he is happy. Because, Sheryl’s knowledge and experience enriches her, enriches Facebook. And this power makes Facebook even more wonderful.
5. Double the money should be raised
Maryam Nafisi, founder of Minted, an online marketplace for artists and designers, thinks business is more expensive than it sounds. The funny thing is, it takes a long time to understand. And that is why foresight is needed. This means that before starting a business, try to raise a little more than the estimated cost. Then there is no danger of rushing.
6. Focus on love, not choice
Sam Altman is a well-known face in Silicon Valley, California. The entrepreneurial life experience of Sam, president of startup accelerator company Y Combinator, says that the companies that have become one of the largest in the world, you see, have some basic customers. Such as Facebook, Google. It can be seen that we become its customers after hearing the praise of these companies from someone. People don’t use products that they don’t love. Therefore, it can be said that the customer can be increased with cheap strategy to increase the sales, but the customer cannot be retained. The quality of these users is often very poor. They use it for a short time. So you come up with ideas, and to see them flush it out, it’s really fun. Maintain interest in the company.
7. Focus on quality
Tristan Walker, founder, and CEO of Walker & Core, a health and cosmetics company, thinks there is no need for further discussion if there are no questions about quality. Talking about how many products have been left out is nothing but a mess. That means the most important thing is to keep the standard right. Many products may be omitted in the manufacturing process. The most important thing is to produce a quality product.