Practical Business Wisdom for the Entrepreneur

Practical Business Wisdom for the Entrepreneur

If you prize wisdom, she will make you great. Embrace her, and she will honor you. She will place a lovely wreath on your head; she will present you with a beautiful crown.” Proverbs 4:8-9.

business-peopleBeing wise in life and business depends on your ability to make sound judgements and also the ability to tap into the wisdom of others. These few advices from prominent business gurus will help you to accomplish your goals faster if you are able to tap into their wisdom.

Don’t let other people tell you that your ideas are bad. If you throw away ideas when they exist only on a whiteboard, you miss the point a lot of the time. Dennis Crowley, CEO, Foursquare

The challenge is learning to say no to nine great ideas to free up the resources necessary to push one product to market immediately. Rick Alden, founder, Skullcandy

Your team is one of your most important investments, and if you are careful about hiring only the best people, it will pay dividends. Sheila Johnson, founder and CEO, Salamander Hotels & Resorts

Keep in touch with people you didn’t hire but you really liked; you never know when you might need to call upon them to help you out. Melinda Emerson, founder and CEO, Quintessence Group

The better you understand your customer, the higher the probability of success. Diane Bryant, senior vice president and GM, Data Center Group, Intel

What makes an entrepreneur is not knowing everything about business, but rather being passionate and fearless. There’s no ‘right time’ to take the leap; you can take it at any point in your life, and should. Rehan Choudhry, founder, Life is Beautiful