10 Business Lessons You Should Learn

1. Everyday there is a millionaire and a million dollar business being made; the question is, when it will be your day? Mark your calendar now.

2. It is never too late to become an entrepreneur. And in the end, the only regret you’ll have is that you wished you would have started sooner.

3. Calculate all costs before starting up a business (initial investment, rolling capital etc.), then multiply that number by three. Three is the magic number where you can afford to make mistakes.

4. The formula for deciding to start a business is 80% data and 20% gut feel. You have to feel confident on both.

5. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful” – Warren Buffet

6. Entrepreneurship is worse than employment. The work is harder, the hours are longer, and at most times, you will feel all alone. The difference is you might actually enjoy it.

7. The formula for a successful business is Value Idea + Hard work.

8. If you don’t know what business you want to go into, ask yourself this question: What valuable service or product can I offer to my community or society?

9. To do something that you’ve never done before, you must first become someone you’ve never been before.

10. “I think that maybe inside any business, there is someone slowly going crazy.” – Joseph Heller

What lessons have You learned so far?

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