Success and wealth cannot be achieved overnight, it takes lots of time and tremendous amounts of work to gain both. Many professionals and entrepreneurs have been working for years, but have not yet been able to reach their peak. So far, only a few have and these individuals belong to the one percent of the population that comprises the richest people on the planet. Ever wonder how these individuals made it to the top?
Well, we have the answers to this question! Here is some business advice from the world’s richest that might just inspire you to follow in their footsteps.
Mukesh Dhirubhai Ambani is an Indian billionaire business magnate, as well as the chairman, managing director, and biggest shareholder of Reliance Industries Ltd. (RIL). RIL is a Fortune Global 500 company and India’s most valuable company in terms of market value.
“Any business that has the sole purpose of making money is not worth doing,” said Ambani. From the quote, it can be said that he believes that the key to wealth and success lies in passion and one’s goals. Ambani encourages us to design our financial objectives to support our personal goals, not the other way around. A good reason for starting a business should be because one has faith in what they can offer to others, not just how much they gain from it.
Bernard Jean Étienne Arnault is a French billionaire businessman and art collector. In addition to this, he is the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton which is the world’s biggest luxury goods company. “In business, I think the most important thing is to position yourself for the long-term and not be too impatient, which I am by nature, and I have to control myself,” said Arnault. Based on the quote, he believes that the key to wealth and success lies in not rushing important matters and thinking ahead. Arnault encourages us to trust the process and be patient in growing one’s business. To be a good entrepreneur, it is crucial to always think one step ahead.
Mark Elliot Zuckerberg is an American media magnate, internet entrepreneur, and philanthropist. He is well-known for co-founding Facebook, and serves as the company’s chairman, chief executive officer, and controlling shareholder. “The biggest risk is not taking any risk,” said Zuckerberg. From the quote, it can be said that he believes that taking chances is an integral part of running a business so as to continuously grow and move forward. Zuckerberg encourages us to develop a risk-taking yet clever mindset when it comes to business. Fear is the only thing separating us from our goals, and the only way to reach them is by taking a leap of faith.
William Henry Gates III (better known as just Bill Gates) is an American business magnate, software developer, and philanthropist. He is best known as the co-founder of Microsoft Corporation. During his time in Microsoft, he became chairman, chief executive officer, president, and chief software architect while being the biggest shareholder until 2014. “It is fine to celebrate success but it is more important to heed the lessons of failure,” said Gates. Based on the quote, it can be said that he believes that failure is the best teacher. Gates encourages us not to be afraid of failure and use these bad experiences to learn and do better in future endeavors. Not taking into account the wisdom you have gained from your failures will surely hinder you from success.
Jeffrey Preston Bezos is an American internet entrepreneur, industrialist, media proprietor, and investor. He is known for being the founder, chief executive officer, and president of the multinational technology company Amazon. “If you cannot tolerate critics, do not do anything new or interesting,” said Bezos. From the quote, it can be said that he believes that a person will be criticized in everything they do, and that it comes with being an innovator and risk-taker. Bezos encourages us to consider constructive criticisms and ignore the ones that will only bring us down. Being successful in what one does draws both positive and negative critique, but it is completely up to oneself whether we choose to let it affect us for the better or for the worse.
One value that is common among these individuals is their sheer will to succeed and grow their empires. Overall, having a strong character is a must if we aim to be successful in all our future ventures. It is a given that with starting a business comes challenges, and in order to emerge from these setbacks a stronger individual, we must learn to be headstrong and clever in making decisions that can make or break businesses.