Skip to main content

Top 100 Businessman - Jeff Haden Share His Best Advice - 21

Jeff is a ghostwriter, speaker, LinkedIn Influencer and contributing editor to Inc. He worked his way up to managing a 250-employee book plant and has become a sought-after ghostwriter for the world's top business leaders. He's written more than 50 books, including six Amazon Business and Investing No. 1's. He's collected four years of business advice in his most recent book, TransForm: Dramatically Improve Your Career, Business, Relationships, and Life ... One Simple Step at a Time. Here's his best piece of business advice to aspiring entrepreneurs who want to start a business of their own:

"Never forget that your business needs to take in more money than it spends. I know that sounds too simple, but so many people lose sight of that. That’s also why so many first-time entrepreneurs over-invest (or spend so much of their time looking for investors) early on."

"Create solutions that cost little to no money & always spend less than you make." @jeff_haden


"Instead, work to come up with a creative solution that costs little to no money. That forced discipline will help you spend less than you make, even when you’re not making a lot. Sometimes capital is necessary, but at some point there must be return on that capital. There’s nothing wrong with taking equity investment, investing for the future, even losing money for a few years. But your plan has to get you back to that simple equation of making more than you spend."

Comments

Popular posts from this blog

Top 100 Businessman - Jen Kessler Share Her Best Advice - 42

Jen Kessler is the CEO and cofounder of Bizzy, a state-of-the-art marketing platform for eEommerce businesses. Jen studied business at Stanford and math at University of Pennsylvania. She's worked at the forefront of bringing inventive predictive modeling to portfolio management across multiple industries, and is excited to be bringing that innovation to the marketing industry. Here's her business advice for aspiring entrepreneurs who want to start a business: "Stay balanced. As an entrepreneur, you need to be constantly processing new information, adjusting your plan, and making decisions." "Stay balanced. Get sleep, exercise and have a life outside of just work." @jenkessler1 "If you are exhausted and 100% monopolized by work, you won't have the perspective and insight that you need to guide your venture in the right direction. Sleeping, exercising, and having a life outside of work is critical for your endurance as a human informa...

How to Quit Your Job in the Most Professional Way Possible

I ended my college baseball career over text. Granted, I didn’t really see eye-to-eye with my coach, and at the time, I didn’t exactly feel like giving him the courtesy of an in-person meeting. But, still, I had respect for him: he gave me the opportunity to continue my baseball career after high school, which lead to some of my fondest college memories. If I could do it all over again, I would have told him face-to-face that I was leaving the team. But even though I quit the team almost four years ago, the thought of facing my coach in person and telling him that I’ve decided to move on from the team still makes me nervous.  After all, he invested in my growth as a baseball player, and joining his team was one of the big reasons why I decided to attend my college. We didn’t have the best relationship, but I still felt anxious and guilty about leaving the team. Use these free cover letter templates to save time. Regardless of the situation you were in when you left your ...

Top 100 Businessman - Vasil Azarov Share His Best Advice - 40

Vasil is a super connector for entrepreneurs. He's the CEO of Startup Socials, a global community of entrepreneurs that connects and empowers professionals working in the startup ecosystem. He's also the founder of Growth Marketing Conference, Silicon Valley's largest digital and growth marketing event. Here's his best business advice for aspiring entrepreneurs who want to start a business: "We have an exciting tradition at Startup Socials. Every Friday we meet with entrepreneurs one-on-one and help them solve startup related challenges." "Become your company's best salesperson and marketer before hiring." @VasilAzarov "One of the most costly and painful mistakes that I see over and over again is hiring in marketing and sales too early. Things tend to go VERY wrong when a founder brings on board a senior sales or marketing person who is lacking entrepreneurial spirit and/or experience working in startups. Instead of hiring fu...