Business Tips From A Billionaire

I just ran across a great piece by Michael Bloomberg, a Billionaire Business Magnate, one of the richest people in the world, and the former mayor of New York City, where he lists his top 5 tips for becoming a successful entrepreneur.

Here are 3 of them …

#1) Take risks.

He says … “Life is too short to spend your time avoiding failure.”

So true.

If you’ve never failed, or taken some lumps along the way … either your goals aren’t big enough … or you’re not even in the game taking swings.

I’ve been in business for over 25 years now and I can’t think of even one successful person who hasn’t been run over by a Mack truck once or twice (or more!) to get where they’re at.

It’s part of the road to success, my friend.  There’s no other way.

The One Common Denominator

I remember being part of a mastermind group a number of years ago with 16 other successful entrepreneurs with million dollar plus businesses.

Can you guess the one common denominator that was shared by every single member in the group?

What would you guess?  A college degree?  Positive attitude?  Never give up mindset?  A financial backer?


Every single one of us had filed Bankruptcy.

Some more than once.

Would You Have Predicted He’d Become One
of the Most Influential Figures in History?

Check out this glowing resume …

Failed in business at age 21.

Was defeated in a legislative race at age 22.

Failed again in business at age 24.

Overcame the death of his sweetheart at age 26.

Had a nervous breakdown at age 27.

Lost a congressional race at age 34.

Lost a congressional race at age 36.

Lost a senatorial race at age 45.

Failed in an effort to become vice-president at age 47.

Lost a senatorial race at age 47.

What do you think so far?  Not quite what you would call a sterling resume, right?

Can you guess who this is?

It’s Abraham Lincoln … who overcame all of the above with pure persistence and perseverance and was eventually elected …

PRESIDENT of the United States at age 52!

Yup … the road to success is sometimes littered with potholes.  Successful people just learn to enjoy the ride … make adjustments and eventually steer clear of most of them … and never, ever, ever, ever give up!

2. Make your own luck.

Bloomberg says … “Whatever you choose to do, even if it’s not the job of your dreams, always work hard at it. Be the first person at work in the morning and the last to leave at night. Hard work creates opportunities where your resume cannot.”

I was having a conversation with one of my business partners last week and she says, “It’s amazing how things seem to be happening almost automatically.  We talked about this idea the other day … decided we wanted to move forward … and then, right out of the blue … I run across a person that can provide us with the exact information we needed!”

Isn’t that strange?!?” she exclaims.

I used to think so”, I reply, “but not anymore.  I think that’s normal.”

I don’t know what it is, but haven’t you noticed that whenever you set an intention or make a decision, especially when you have some energy and emotion behind it, that things seem to just start happening?”

I know this sounds a little woo-woo, but man ... it happens waaaay to often for this to be just ‘coincidential’.

Here’s a great quote I believe in wholeheartedly by the great Ralph Waldo Emerson:

“Once you make a decision, the universe conspires to make it happen.”

3. Never stop learning.

Here’s one of my all-time favorite quotes by Albert Einstein:

The important thing is to not stop questioning. Curiosity has its own reason for existing. One cannot help but be in awe when he contemplates the mysteries of eternity, of life, of the marvelous structure of reality. It is enough if one tries merely to comprehend a little of this mystery every day. Never lose a holy curiosity.”

Never lose a holy curiosity.  That says it all, doesn’t it?  To me, this is the ultimate secret to living a wonder-filled life.

And when you apply this very same mindset and approach to business-building? There’s virtually no way you can fail.

So-called failures become learning opportunities.  Obstacles become stepping stones.

You’re always seeking answers.  Making new distinctions.  Seeking out new approaches and strategies.

Success becomes inevitable.

And almost guaranteed.