Did you know that nearly 80% percent of small businesses in the United States are self-employed businesses? That’s an estimated 10 million people in the United States that are self-employed, and that’s not even including freelancers or self-employed individuals who have incorporated their business. Unfortunately, there’s also a downside to those numbers. According to the Bureau of Labor Statistics, 24 percent of businesses tend to fail in the first year, and around 48 percent won’t make it past the second year. So, where do these companies go wrong?
There are so many aspects to running a business that it isn’t always as simple as pinpointing that “one” thing that made a business fail. Rather, there are a number of little things that when put together can take your business on the path to failure or success. As a business owner, your intentions are always to succeed. You wouldn’t start your business if you planned on failing. Sometimes, however, we take the wrong advice or make a few wrong turns.
This is when it’s helpful to have a few words of advice from others who have already been down this path and found success. It’s much better to learn from someone else’s mistakes than from your own. For most people, becoming self-employed is about living the dream and being free to do what you want. In order to do that, you need to have success with your ideas. Luckily, there are a vast number of successful business people who are willing to share their words of wisdom. If you’re considering starting a business, or you own a business now, you won’t want to miss these 100 best business advice quotes.
As I mentioned before, there are many components to building a successful business. That’s why the quotes are broken down into specific categories to help motivate and spur you along in whatever area you may need inspiration or help in. You may want to save this list to be able to reference at different points, since you never know when you’re going to need some extra advice and help. If you’re ready, let’s get started!
Excellence defines the level of play you are bringing to the game. Anyone can start a business, but not everyone has the level of integrity and guts to make it thrive. You need unwavering excellence in all the things that you do.
Success in your business may ultimately come down to the level of passion you have about your chosen field. Therefore, finding something that evokes passion should be of utmost concern. You can’t log in the time and hours needed, or sell others on the concept of your business, if you yourself don’t believe in it.
If you really want to achieve something great, you have to go out there and actually DO something. If you’re struggling in this area, you may find these quotes particularly motivating.
While similar to taking action, productivity is more about the method in which you get things done. You can spend all day working, but never actually get anything important done.
Probably one of the biggest motivators is when there is visible progress. This shows that you’re on the right path and taking the right steps. It may not be fast or sexy, but a little growth each day is how you win.
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Hard work is an essential component of building a business. In order to build something lasting, you have to show up – every single day, especially in the beginning. Let’s face it, if it were easier to do, more people would be doing it! When things get you down or you’re not feeling particularly motivated, consider these words of wisdom:
If you’re just starting, there are a few tips that you shouldn’t overlook. It’s easy to get caught up in the drama of a startup and forget the big picture. With that in mind, here are a few tips every startup entrepreneur should consider.
The biggest barrier to business success is probably fear or lack of confidence. Your belief in how you will do is your number one indicator of how you will actually do. Consider these words of advice…
If you’re not growing, you’re dying. The brain is a muscle that needs frequent exercise. If it isn’t getting exercise then it starts to atrophy, which makes you less likely to make the right choices in critical situations. The best way to stay competitive and on the forefront is to always be learning.
Your business has a brand and your customer service is at the forefront of that brand. If you don’t pay attention to what your customers need, you can’t deliver what they want.
Money is probably the simplest of components in business to understand. If you’re not making money, your business is failing. It really is as simple as that. However, the way to earn that income is not quite as straightforward. Here are a few tips on the subject.
In order to succeed in business, you have to be able to lead in some degree. Your success depends on your ability to get people to do what you need them to do. Whether it’s an employee working for you or a potential customer, your leadership skills will determine how likely it is that you’ll get the results you need.
There aren’t many business ideas that don’t already have someone else out there doing it. So, how do you face the competition? Here are a few tips.
At the end of the day, success and failure are both personal measurements. What one person considers a failure, may be another person’s idea of success. However, there are some methods to making sure you do achieve your own idea of success and how to overcome the idea of failure. Below are some inspiring words on both topics.
Next Up: Check out our “Inspirational presidential quotes” post for more ideas.
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