Business Advice From the Richest People in the World
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This document contains business advice and quotes from some of the richest and most successful businesspeople in the world, including Warren Buffett, Sheryl Sandberg, Jeff Bezos, Richard Branson, and Bill Gates. Some of the key themes discussed are the importance of building a strong reputation over many years, focusing on customers rather than competitors, seizing opportunities when they arise, and empowering others for long-term success. The entrepreneurs emphasize vision, passion, hard work, flexibility, and embracing change rather than becoming complacent or limiting options.
Business Advice From the Richest People in the World
- 1. Business Advice Richest People in the World
- 2. WARREN BUFFETChairman & CEO, Berkshire Hathaway; American Businessman, Philanthropist, and Investor
- 3. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
- 4. “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
- 5. “No matter how great the talent or effort, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”
- 6. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
- 7. SHERYL SANDBERGCOO, Facebook; American Tech Executive, Philanthropist, Author, and Activist
- 8. “If you're offered a seat on a rocket ship, don't ask what seat. Just get on.”
- 9. “I realized that searching for a mentor has become the professional equivalent of waiting for Prince Charming.”
- 10. “The reason I don't have a plan is because if I have a plan, I'm limited to today's options.”
- 11. “It is the ultimate luxury to combine passion and contribution.”
- 12. JEFF BEZOSFounder, Chairman & CEO, Amazon; American Tech Entrepreneur, Media Magnate, and Investor
- 13. “The great thing about fact-based decisions is that they overrule the hierarchy.”
- 14. “If you're competitor- focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.”
- 15. “Your margin is my opportunity.”
- 16. RICHARD BRANSONFounder, Virgin Group; English Businessman and Investor
- 17. “Entrepreneurial business favours the open mind. It favours people whose optimism drives them to prepare for many possible futures, pretty much purely for the joy of doing so.”
- 18. “Business opportunities are like buses. There's always another one coming.”
- 19. “Don’t think ‘what’s the cheapest way to do it?’ or ‘what’s the fastest way to do it?’ … Think ‘what’s the most amazing way to do it?’”
- 20. SHARI ARISONOwner, Arison Investments; American-Israeli Businesswoman and Philanthropist
- 21. “I find that when you lead with vision and values, engaging employees and showing them that values are just as important as profits, everyone comes on board.”
- 22. “Business is not a spiritual matter. When I founded the Essence of Life, the person appointed to head it was a former colonel in the army. Can anything be more down-to-earth than that?”
- 23. BILL GATESCEO Cascade Investment; Co-Chair Bill & Melinda Gates Foundation; Former Microsoft CEO; American Inventor, Programmer, Investor, and Philanthropist
- 24. “As we look ahead into the next century, leaders will be those who empower others.”
- 25. “Success is a lousy teacher. It seduces smart people into thinking they can't lose.”
- 26. FOLORUNSHO ALAKIJAManaging Director, The Rose of Sharon Group and Executive Vice Chairman, Famfa Oil Limited; Nigerian Philanthropist and Business Tycoon
- 27. “Most people want to get rich ‘quick.’ In fact very quickly, without putting the work or effort in.”
- 28. LARRY PAGECo-Founder & CEO, Google; American Business Magnate and Computer Scientist
- 29. “You may think using Google's great, but I still think it's terrible.”
- 30. “I would rather have people think we're confused than let our competitors know what we're going to do.”
- 31. “Lots of companies don't succeed over time. What do they fundamentally do wrong? They usually miss the future.”
- 32. MICHAEL DELLFounder, Chairman & CEO, Dell; American Investor, Philanthropist, and Author
- 33. “Don’t spend so much time trying to choose the perfect opportunity, that you miss the right opportunity.”
- 34. “I don’t like to do just the things I like to do. I like to do things that cause the company to succeed. I don’t spend a lot of time doing my favorite activities.”
- 35. “Try never to be the smartest person in the room. And if you are, I suggest you invite smarter people … or find a different room.”
- 36. “If you’re happy, that’s probably the most important thing. Everyone probably has their own definition of success -- for me it’s happiness.”
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