new business

Business Tips from 3 Self Made Billionaires

Becoming a self-made billionaire does not happen overnight unless you have the correct numbers for the national lottery. It takes blood, sweat and tears. Working in different jobs and finding where you fit in life and business is half the battle to working your way up the ladder of success. The operative word is working. No matter if it is working to build, working to sustain or working to enjoy working is what gets you to the top. It is a good idea to enjoy your work because it is what you need to do to build, sustain and enjoy for a great part of your life.

Wesley Virgin is a self-made millionaire, entrepreneur and Internet personality. Wesley Virgin has some powerful YouTube videos that he uploads to help ordinary people follow his lead and become millionaires. Wesley Virgin has worked tirelessly to move up his ladder of success following his advice of being patient, persistent and persevering.

Wesley Virgin added “Be consistent. People get a bee in their bonnet and start on projects, then when the going gets tough, they throw in the towel. Most people are habitual quitters. You’ll start with a small following. Everyone does.”

Oprah Winfrey is the biggest talk show host ever and a very smart businesswoman. The statistics show that 80% of startups fold on their first try because they encounter a failure. Giving up because it is not working is not the answer. Oprah says, “Failure is another steppingstone to greatness.” Oprah has been known to discuss openly the trips she had along the road to success. She is living proof of how continuing toward her goal and learning from each challenge she encountered got her to the successful position that she now enjoys.

Larry Page, co-founder of Google, never gave up on his vision and desire to make Google a household name. He wanted to see this and every day he was excited to continue with this dream until he achieved it. Larry has said “If you’re changing the world, you’re working on important things. You’re excited to get up in the morning.” He was excited because he was and has changed the world.

new business

Tips for Launching Your First Company

If you are a first-time entrepreneur, there are a few things you can do that will drastically increase your chances of success. These tips may not be an infallible formula for a successful company, but they will give you the extra push towards achieving your goals.

If you plan to fund your business through venture capital funding or crowdfunding, set realistic funding goals that your investors or backers will find reasonable. If you plan to bootstrap your company with your own funds, make sure you have enough money in your savings account before starting your business.

Ryan Pitylak, CMO and co-founder of ZenBusiness, says, “I have seen many new entrepreneurs go into business with little to no savings. This is risky because it forces them to risk their livelihoods or go into debt to finance their companies. It results in a lot of unnecessary stress.”

Another helpful tip is to invest in a good digital marketing campaign. Many new businesses have found success by using the Internet, SEO, and strategic content creation to drive traffic to their online stores.

Lastly, be sure you have expert help and knowledge on your side. Find a trustworthy and knowledgeable mentor to help you formulate a long-term business plan that consistently yields new customers and sales.

Ryan Pitylak’s business ZenBusiness provides expert guidance and mentorship to new entrepreneurs through its all-in-one platform that also offers helpful tools such as FinTech solutions. Ryan Pitylak says, “With the wealth of information in books, podcasts, and Google searches, it can be easy for new entrepreneurs to lose their way. Having an experienced mentor guiding you through the process eliminates much of the confusion.”