From 600+ conversations with the world’s leading thinkers.
You need to hire people who are smart, ideally smarter than you. There's a reason Google, Apple and their peers are filled with PhD's. The smarter your team (whether academically, or in experience) the more they will deliver.
One of the best ways to make money is not to lose it. If you can learn not to lose money, you're making money. When you lose your own money, it hurts, it makes you careful, but you cannot let it take the mojo… the hunger out of you.
A great entrepreneur always acts with full intention and without limitation, always striving for the best in everything they do. From an early age I knew I had to rely on myself, look after myself, to not be afraid of anything. It gave me huge confidence and unshakable belief.
If you don't spend a lot of money on something and it doesn't work out… is it really a 'failure'? Most entrepreneurs start a lot of different ventures. Some work better than others, but that's totally normal and expected.
You have to take bullsh** and turn it into fertiliser.
Even if it's not your mistake, it could still be your responsibility. That's one element of maturity – owning up to things even when they weren't caused by your actions. What you should truly be striving for as an entrepreneur is creating new standards of success, redefining what success means beyond monetary wealth.
I never started off with money, I started off with love. The love of being an entrepreneur. The love of being a lawyer. The love of being an athlete. When you start off with love, people will love and respect you and you will always be monetarily rewarded.
I believe that the entrepreneurial life, even when running a large company, is a dual experience of joy and pain—two sides of the same coin. The joy lies in putting yourself out there and leading an organisation in a specific direction, but with that comes the burden of responsibility.
To scale? you have the stars aligned- timing is everything.
Our singular filter is to find the people, projects and opportunities that we think are going to be game-changing for humanity. If you succeed at doing that, you'll make plenty of money (even if you fail half the time).
If a company doesn't have a purpose, I think they are wasting their life. Making money should be the result of helping people to build businesses.
You become an entrepreneur, not by intent, but by accident. It may be that you see a need in a market and decide to act on it. Those for me are the true entrepreneurs- people that just start building, perhaps even without a plan, they just do it. Look at the most famous ones.... Jeff Bezos, Steve Jobs, they never went to shows or to training, they just got on with it.