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Top 5 Entrepreneurship Lessons From Most Successful Entrepreneurs | Life Lessons | Startup Stories - YouTube
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[Music]
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in life the number one thing that people
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screw up on is this they buy stuff they
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don't need it's that simple go look at
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your closet sometime 80% of the crap at
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the bottom of your claws that are closed
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you don't wear anymore and you get paid
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for the cause you thought you needed
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them and you wanted them imagine if you
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could turn all that stuff back to cash
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or better still you never bought it that
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cash to be in the bank right now making
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it your speed or an investment that pays
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interest or dividend but no it's sitting
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at the bottom of your closet get money
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that's what that is
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that's a huge problem so think about
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this let's say you actually owe 200
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bucks on your credit card and you're
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passing a hot little coffee spot and
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you're thinking about getting a
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cappuccino for two dollars and thirty
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cents don't do it pay off the 20 bucks
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first don't spend money on stuff you
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can't afford it costs fifteen cents to
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make coffee your pegs will be two
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dollars and thirty cents the rest of
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that could have been used to reduce your
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debt that's the whole deal don't buy
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stuff you don't need make sure you go
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through every single month in a way that
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you respect money that you somehow pay
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back
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[Music]
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you look at the world around you where
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ideas were born where individuals
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started in garages
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where did Microsoft where did Apple
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where did Amazon where did Google where
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did Facebook come from they came from
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ideas that people felt something could
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be done and that they could make a
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difference so as you go out into this
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world I would hope that you look at
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being ethical and holding the value
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systems which you want this country to
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have if you think you cannot make a
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difference I'd say you very well can
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make a difference if you so desire
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if you speak or sit next to Nobel
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laureate he never tells you that he won
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a Nobel Prize other people tell you so
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let humility be your best defense and I
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would say that you always need to take a
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view that and you shouldn't
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nearly consider yourself successful
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based on the prosperity you gain for
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yourself
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but you should go home at night feeling
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satisfied if you have made a difference
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that difference is something each one of
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us can make will have failures and we
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vent frustrations but it's a continued
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commitment that we have to the world
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around us
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[Music]
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you know working the real world I would
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say you know it is important to be
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well-rounded it's important to you know
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try different things you know take some
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risks and you know and you wanna aim
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high enough that you fail you know a few
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times I think that's the natural part of
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the process if you work on really
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difficult things you're better off
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because you have no competition others
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aren't working on that difficult problem
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and even if you fail you end up doing
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something great in the process
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[Music]
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by a device to the young people any
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mistake with a wonderful revenue for you
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so I taught myself and told my young
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people before 20 years old be a good
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student wait to intrapreneur just to
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learn some experience before 30 years
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old follow somebody go to a small
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company normally in a big company it is
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good to learn processing you are a part
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of a big machine
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but when go to small company you learned
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the passion you learn the dreams you
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learn how to do a lot of things that's
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what one time so before 30 years old
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it's not which company you go it's which
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boss you follow it's very important a
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good boss
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teach you differently from 30 to 40
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years old you have to think very clearly
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were you working for yourself if you
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really want to be entrepreneur when
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you're 40 to 50 years old you have to do
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all the things that you are good at
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don't try to jump into the new area it's
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too late you may be successful but there
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the rate of dying is too big so 40 to 50
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think about how can focus on things that
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you are good at but when you have 50 to
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60 years old work for the young people
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because young people can do better than
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you so rely on them invest on them
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making sure they're good
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[Music]
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I've told a lot of people it doesn't
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matter how many times you fail if you
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get it right you're an overnight success
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all you gotta do is get right one time I
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mean the thing about being an
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entrepreneur is this it's just all to
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you you know a lot of people like to
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make excuses I don't have connections I
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don't have money I don't have this but
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you know if you find something that you
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like to do or love to do be great at it
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and see if you can turn it into a
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business in worst case you're gonna have
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fun doing what it is you love to do in
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best case you can turn it into a
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business I I'm just not big on excuses I
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just think if you're really you
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everybody has that opportunity to go for
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it they just kind of do it you know I
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sold powdered milk and that was disaster
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I had a my senior year project in
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Indiana was opening up a bar that got
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closed because of what t-shirt contest
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with a 16 year old that was a disaster
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that was good because it kept me out of
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the bar business I got fired from my
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first job in the software business
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because I wanted to close the deal
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instead of going out and closing the
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sale I mean instead of coming in and
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sweeping the floor you know it didn't
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matter how many times I failed I just
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kept on going and going and going in
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entrepreneurs need to realize that
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sometimes it's not the idea you know
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it's not beat it's not who you know it's
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not how much money you have access to
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it's really finding something that you
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you really love to do I had no idea I
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love computers and technology none I
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mean I took one class in Indiana and
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computers and I cheated to get through
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it it was portraying and then I bought a
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little PC in 99 for a from Texas
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Instruments for 99 dollars started
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teaching myself to program and found you
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know four hours later five hours later I
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was I would look up and I've been
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working this entire time and I loved it
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and so that was the difference when I
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finally thought I failed a lot of times
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and I really I didn't know where I'd
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find my success and then all of a sudden
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I started playing with pcs and
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technology and it just clicked
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you
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you
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