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11 Inspirational Quotes On Secrets Of Success From Entrepreneurs

11 Inspirational Quotes On Secrets Of Success From Entrepreneurs

Whether you are preparing to launch your own startup or are looking for inspiration to help you with other areas of your life, the following 11 entrepreneurs can help you focus on what really matters and learn the importance of continuously striving for success.

1. Nolan Bushnell, Founder of Atari, Inc. and Chuck E. Cheese

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    Image by By Tech Cocktail, via Wikimedia Commons

    “The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.”

    Nolan Bushnell has been involved in more than 20 companies. He currently serves as the chairman and co-founder of Brainrush.

    2. Mark Zuckerberg, Founder of Facebook

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      Image by Guillaume Paumier (Own work), via Wikimedia Commons

      “If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.”

      Mark Zuckerberg is known for being one of the creators of Facebook, and he also launched the Internet.org project with the goal of helping 5 billion people worldwide get online.

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      3. John Rampton, Founder of Blogging.org, PPC.org, Due.com and Pixloo

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        Image provided by John Rampton

        “You can say anything to anyone, but how you say it will determine how they will react.”

        John Rampton is an entrepreneur, angel investor and writer who contributes to The Huffington Post, Entrepreneur and Forbes. His most recent business launch is due.com which provides tools for simple online time tracking and invoicing. The blog also offers online business advice through articles such as “The 12-Step Program To Recover Your Blog From Any Google Penalty”

        4. Howard Schultz, CEO of Starbucks

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          Image provided by Richard Eriksson, via Flickr

          “Risk more than others think is safe. Dream more than others think is practical.”

          Howard Schultz doesn’t just bring us some of the most popular and delicious coffee in the world, either. He has also served on Square, Inc.’s board of directors and was the owner of the Seattle SuperSonics from 2002 – 2006.

          5. Steve Jobs, Co-founder and Former CEO of Apple

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          Steve Jobs Cropped

            Image by By File: ProjectRED, via Wikimedia Commons

            “Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything – all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.”

            Steve Jobs passed away in 2011 after one of the most successful entrepreneurial careers there has ever been. He is credited with being a pioneer of the American computer revolution and was also the owner of Pixar.

            6. Jim Rohn, Former Vice President of Nutri-Bio

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              Image by By Ramine5677 (Own work), via Wikimedia Commons

              “The challenge of leadership is to be strong, but not rude; be kind, but not weak; be bold, but not bully; be thoughtful, but not lazy; be humble, but not timid; be proud, but not arrogant; have humor, but without folly.”

              Jim Rohn’s rags to riches story enabled him to become a successful motivational speaker and author after Nutrio-Bio went out of business. Rohn passed away in 2009.

              7. Estée Lauder, Co-founder of the Estée Lauder Companies

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                By New York World-Telegram and the Sun staff photographer: Sauro, Bill, photographer, via Wikimedia Commons

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                “I didn’t get here by dreaming or thinking about it. I got here by doing it.”

                Estée Lauder began working with beauty products as a teenager and released her first fragrance, Youth Dew, in 1953. Lauder passed away in 2004 after a successful 51 year career that included being awarded the Presidential Medal of Freedom.

                8. Thomas Edison, Founder of the Edison Electric Light Company

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                  By Louis Bachrach, Bachrach Studios, restored by Michel Vuijlsteke, via Wikimedia Commons

                  “I never perfected an invention that I did not think about in terms of the service it might give others. I find out what the world needs, then I proceed to invent.”

                  Thomas Edison’s list of accomplishments includes the electric light bulb, the motion picture camera. and developing the phonograph.

                  9. Kallum J. Mitterer, Founder of Peak Nootropics

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                    Image provided by Peak Nootropics staff

                    “Controlling our thoughts and behaviors is the single most important factor of success. Everything else is just an edge over people who don’t harness these abilities.”

                    Kallum Mitterer, a 26-year-old entrepreneur, is one of the top online merchants in the business world today. He’s made a career of marketing nootropics that unlock the key to ultimate brain health and life hacks. Mitterer’s quick rise at such a young age showcases the fact that everyone’s potential for entrepreneurial success is truly Limitless.”

                    10. Sir Richard Branson, Founder of Virgin Group

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                      Image by Gilberto Cardenas, via Flickr

                      “Do not be embarrassed by your failures, learn from them and start again.”

                      Richard Branson has been bringing his business ideas to life since the age of 16. Branson is also involved in several humanitarian causes and has appeared in numerous TV shows and movies.

                      11. Mark Cuban, Owner of the Dallas Mavericks and Landmark Theaters

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                        Image by Brian Solis, via Flickr

                        “Work like there is someone working 24-hours a day to take it all away from you.”

                        Mark Cuban is an outspoken entrepreneur and author of How to Win at the Sport of Business. He has built a diverse and successful business career that has enabled him to accrue an estimated net worth of $3 billion. Cuban’s accomplishments include co-owning 2929 Entertainment, owning Landmark Theaters and the Dallas Mavericks, and appearing as an investor on “Shark Tank.”

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                        All of these quotes are a good inspirational starting point for any entrepreneur who wants to take their ideas to the next level. You can also derive inspiration by reading additional quotes from some of the most notable female leaders throughout history.

                        Featured photo credit: Viktor Hanacek via picjumbo.com via picjumbo.com

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                        Holly Chavez

                        Writer, Entrepreneur, Small Business Owner

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                        Published on March 20, 2019

                        How to Write a Powerful Mission Statement for Your Business

                        How to Write a Powerful Mission Statement for Your Business

                        Have you ever felt lost in the minutia of your job?

                        As a business owner, I can relate to getting bogged down in the day to day operations of my business. Things like inventory, payroll, scheduling, purchasing and employee management take up the bulk of my day.

                        While these things are important and need to get done, focusing too much on the details can make you lose sight of the big picture. This is why having a good mission statement comes in handy.

                        What is a Mission Statement?

                        Put simply, a mission statement is an internal document that provides a clear purpose for the organization. It provides a common reference point for everyone in the organization to start from.

                        In other words, after reading your company’s mission statement, managers and employees should be able to answer the question “What are company’s main objectives?” For example, Southwest Airlines mission statement reads:[1]

                        “Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit. We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth.”

                        In this single statement, Southwest conveys the company’s goals of providing the highest level of customer service as well as providing a good working environment for their employees.

                        Mission Statement VS. Vision Statement

                        While the mission and vision statements are related, there are subtle but distinct differences the you should be aware of.

                        First of all, a mission statement is designed primarily as an internal company document. It provides clarity and direction for managers and employees.

                        While there’s nothing wrong with sharing your company’s mission statement with the outside world, its intended audience is within the company.

                        While a mission statement provides a general framework for the organization, the vision statement is usually a more inspirational statement designed to motivate employees and inspire customers. Going back to Southwest Airlines, their vision statement reads:[2]

                        “To become the world’s most loved, most flown, and most profitable airline.”

                        This statement inspires good feeling from the customer while motivating the employees to achieve that vision.

                        What Does a Good Mission Statement Look Like?

                        When coming up with a mission statement, it’s important to take your time and do it right. Too often, people (especially entrepreneurs) just write down the first thing that comes to mind and they end up with worthless or (worse yet) a generic mission statement that is utterly useless.

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                        Remember, a mission statement should provide a common framework for everyone in your organization.

                        When writing a mission statement, you should always try to incorporate the following;

                        • What we do?
                        • How we do it?
                        • Whom do we do it for?
                        • What value are we bringing?

                        Now, you can see how tempting it is to just come up with something generic that ticks off those four boxes. Something like “We provide the best widgets available online for the consumer.”

                        After all, that did check off all the boxes:

                        What we do? Provide widgets.

                        How we do it? Online.

                        Who do we do it for? The consumer.

                        What value we bring? The best widgets.

                        The problem with this mission statement is that it could apply to any number of companies producing the same widget. There is nothing to distinguish your company or its widgets from any of your competitors widgets.

                        Compare that mission statement to this one:

                        “We provide the highest quality widgets directly to the consumer at an affordable price backed up with a 100% satisfaction guarantee. If our clients aren’t 100% satisfied, we’ll make it right.”

                        What’s the difference?

                        Both mission statements answer all the same questions of what, how, whom and value. But in the second statement, they are differentiating their company from all other competitors by answering the question “what makes us unique”.

                        Another way to read that is, “Why you should buy from us.” In this example, it’s because our widgets are of the highest quality and we stand behind them 100%.

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                        You might have noticed the statement didn’t say that we sell widgets at the lowest possible price. That’s because we are emphasizing quality and satisfaction over price.

                        A different company’s mission statement may emphasize selling widgets at the lowest possible price with little to no mention of a guarantee.

                        Hallmarks of a Good Mission Statement

                        1. Keep It Brief

                        Your mission statement should be no longer than three sentences. This is not your company’s magnum opus.

                        You should be able to distill the what, how, who and why questions into a succinct message.

                        2. Have a Purpose

                        A company’s missions statement should include the reason it even exists.

                        Make clear exactly what the company does with statements like “We strive to provide our customers with …….”

                        3. Include a “How”

                        Take this as an opportunity to differentiate your company from its competitors.

                        How do you provide a product or service that’s different or better than how your competitor provides it?

                        4. Talk About the Value You Bring to the Table

                        This is where you can really set yourself apart from the competition. This is the “why” customers should buy from you.

                        Do you offer the lowest prices? Fastest delivery? Exceptional customer service? Whatever it is that sets you apart and gives your particular products, services or company an advantage talk about it in the mission statement.

                        5. Make Sure It’s Plausible

                        It’s okay to shoot for the stars just to settle for the moon, but not in a mission statement.

                        Being overly ambitious will only set you and your employees up for failure, hurt morale and make you lose credibility. You will also scare away potential investors if they think that you are not being realistic in your mission statement.

                        6. Make It Unique and Distinctive

                        Imagine if someone who knew nothing about your business walked in and saw how it was operating, then they read your mission statement. Would they be able to recognize that mission statement was attached to that business? If not re-work it.

                        7. Think Long Term

                        A mission statement should be narrow enough so that it provides a common framework for the existing business, but open enough to allow for longer term goals. It should be able to grow as the business grows.

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                        8. Get Feedback

                        This is very important, especially from managers and employees.

                        Getting their input can clarify how they currently see the company and their role within the organization. It’s also a good way to get people “on-board,” as studies show that people are more likely to go along with an idea if they feel included in the decision making process beforehand.

                        9. Review Often and Revise as Necessary

                        You should review the missions statement often for two reasons.

                        First, as a reminder of what the essence of the company is. It’s easy to forget when you are in the day to day grind of the business.

                        And two, to make sure that the mission statement is still relevant. Things change, and not everything can be anticipated at the time a mission statement was written.

                        For example, if a mission statement was written before the advent of the internet, a company that use to sell things door to door now probably has a website that people order from. You should always update the mission statement to reflect these changes.

                        The Value of Mission Statements: Why Go Through All of These in the First Place?

                        It may seem like a lot of work just for a few sentences that describe a company, but the value of a well written mission statement should not be discounted.

                        First of all, if you are an entrepreneur, crystallizing the what, how, whom and value questions will keep you focused on the core business and its values.

                        If you are a manager or other employee, knowing the company’s basic tenants will help inform your interactions with both customers and colleagues alike.

                        Strategic Planning

                        A relevant mission statement acts as a framework for strategic planning. It provides guidance and parameters for making strategic decisions for the future of the company.

                        Measuring Performance

                        By having the company’s mission in a concrete form, it also allows for an objective measurement of how well the organization is meeting its stated goals at any one time.

                        Management can identify strengths and weaknesses in the organization based on the criteria set forth in the mission statement and make decisions accordingly.

                        Solidifying the Company’s Goals and Values for Employees

                        Part of a well run organization is nurturing happy and productive employees.

                        As humans, we all have an innate need for both purpose and to be part of something larger than ourselves. Providing employees with a clearly defined mission statement helps to define their role in the larger organization. Thus, fulfilling both of these needs.

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                        Now I’m not saying that a mission statement can overcome low pay and poor working conditions, but with everything else being equal, it can contribute to a happier and more productive workforce.

                        To Hold Management Accountable

                        By creating a mission statement, a company is publicly stating its highest values and goals for the world to see. By doing so, you are inviting both the public and your employees to to scrutinize how well the company lives up to its ideals.

                        So if you state that you only provide the highest quality products, and then offer something less, it’s fair for both the public and the employees to question, and even call for a change in management.

                        If management doesn’t take the mission statement seriously, no one else will either; and the legitimate authority that management rely’s on will be diminished.

                        To Serve as an Example

                        This is the opposite side of the coin from the previous statement. If the highest levels of management are seen taking the mission statement seriously and actively managing within the framework of the statement, that attitude filters down throughout the organization.

                        After all, a good employee knows what’s important to their boss and will take the steps necessary to curry favor with them.

                        Finally, use the company’s mission statement as a way to define roles within the company. You can do this by giving each division in the company a copy of the mission statement and challenge the head of each division to create a mission statement for their respective departments.

                        Their individual mission statements should focus on how each department fits in and ultimately contributes to the success of the company’s overall mission statement. This serves as both a clarifying and a team building exercise for all parts of the organization.

                        Final Thoughts

                        Developing a mission statement is too often just an after-thought, especially for entrepreneurs. We tend to prioritize things that we perceive will give us the biggest “bang for our buck.”

                        Somehow, taking the time and effort to sit down and think seriously about the what, whom, how and value of our business seems like a waste of time. After all, we got in the business to make money and become successful, isn’t that all we need to know?

                        That mindset will probably get you started okay, but if you find yourself having any success at all, you’ll find that there really is such a thing as growing pains.

                        By putting in the time and effort to create a mission statement, you are laying the groundwork that will give you a path to follow in your growth. And isn’t building long term success what we are really after?

                        More Resources About Achieving Business Success

                        Featured photo credit: Fab Lentz via unsplash.com

                        Reference

                        [1] Southwest Airlines: About Page
                        [2] Fit Small Business: 10 Vision Statement Examples To Spark Your Imagination

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