LegalZoom Blog

Legal news and small business tips.

Advice for Entrepreneurs: One Sentence. 10 Words or Less. – Part 2

with 5 comments

Last year we asked our 8,000 Facebook fans what ONE piece of advice they would give first-time entrepreneurs. The rules were simple: one sentence of 10 words or less. (Not everyone followed the rules, but hey–entrepreneurship is about breaking the rules, right?) Now, one year and 95,000 entrepreneurial Fans later, we asked them again. Check out this year’s new bits of wisdom and add your own in the comments.

Love life when not on vacation.

Photo by quinn.anya on Flickr

  • The customer always comes FIRST.
  • When it gets tough, persevere, it will be worth it.
  • Get it in writing.
  • Meet a lot of other entrepreneurs and listen.
  • Know what you know…. know what you don’t know.
  • Don’t expect to make a profit the first day you are in business! (Yes I know that is more than ten words!)
  • Take calculated risks – if you never try, you’ll never know.
  • Never give up!
  • Don’t learn the tricks of the trade – learn the trade.
  • The difference between try and triumph is a little “umph”.
  • Give it time, market wisely and be diligent…
  • Don’t settle.
  • Buy an instruction book on juggling and apply it to your business.
  • Always be confident and proceed with caution.
  • Perception is reality.
  • Be laser focused on what you want then incorporate.
  • Be frugal with spending, not with quality of product/service.
  • Run to win.
  • Listen.
  • Under-promise and over-deliver.
  • There’s no room for trust in business.
  • Always reinvest in your own business first.
  • A smart businessman looks at how much he can lose before he looks at how much he can make.
  • Hire good, smart people and let them go at it.
  • Know who you do business with…look at the checks before they are mailed.
  • Don’t underestimate the power of social media!!
  • Business School is NOT reality. Try before you apply.
  • FOCUS!
  • Really solve a problem for customers and you can’t go wrong.
  • Make sure there’s a long term use for your service or product.
  • Be honest, sincere and apply integrity…but be ORGANIZED!!!!
  • Apply for a grant.
  • Have a 5 year plan and be sure you have the money and a client base to start with.
  • Work hard and don’t be afraid to take your chance!
  • Believe in yourself and your product or service!
  • Take risks…for rewards.
  • Research, research.
  • Top notch customer service.
  • Hard work pays off.
  • Honesty and integrity will prevail.

Which one is your favorite?

There’s no expiration date on great advice—check out last year’s Advice for Entrepreneurs too!

ShareShare on FacebookTweet about this on TwitterShare on Google+Share on LinkedInEmail this to someone

Sign up for the LegalZoom newsletter!

Written by

September 29th, 2011 at 12:32 pm