When Warren Buffett Says You Should Do these things to Be Happy and Successful …. guess what, just do them!
After all Warren Buffet is one of the most successful business men ever! And is the Guru who most everyone follows.
We see these gems of information written about by most every successful business person. No matter what the niche, no matter what country, the tips here from Mr Buffett can be the cornerstones of your business success.
These are the basis of your goals and strategies. Balance them in your daily and weekly work. It doesn`t matter whether you`re a sole operator, work on or in your business part time or for 50+ hours a week. The principles here are what we all need to adhere too.
The Source for this full article is below. >>>>> Read to get all the key foundations for yourself and your business.
Warren Buffett knows a thing or three about becoming wealthy and successful, and the Oracle of Omaha is not averse to handing out mostly excellent advice to others who’d like to follow in his footsteps.
The personal finance site GOBankingRates has pulled together 14 pieces of advice Buffett has given to graduating classes and/or young people. They’re all great tips for the young–but also excellent advice that all of us should follow, no matter what age we are. Here are some of the best. You can find the full list here.
1. Invest in yourself before anything else.
“Investing in yourself is the best thing you can do–anything that improves your own talents,” Buffett told Good Morning America. That’s excellent advice, whether it’s getting more education or training, to improve a skill you already have or to learn a new one–or whether it’s starting a company of your own. (In case it’s the latter, here are 10 Steps to Success as an Entrepreneur.)
2. Change bad habits as soon as you can.
Habits can make or break you, Buffett says. “I see people with these self-destructive behavior patterns,” he says. “They really are entrapped by them.”
The trick, he says, is to get out of the trap before it closes on you, which is why he advised graduating students at the University of Florida to form good habits as soon as possible. “You can get rid of it a lot easier at your age than at my age, because most behaviors are habitual,” he told them. “The chains of habit are too light to be felt until they are too heavy to be broken.”
True enough, but if you’re older than a college senior, don’t despair. Though it may be tougher, habits can be changed at any time in life. Here’s the secret of how to do it.
3. Know your own strengths and weaknesses.
Use that knowledge to capitalize on the things that you do well, and avoid the risks of getting in over your head in your weaker areas, Buffett advises. “You don’t have to be an expert on everything, but knowing where the perimeter of that circle of what you know and what you don’t know, and staying inside of it, is all important,” he’s said.
4. Never risk something you need to get something you don’t need.
It’s not that taking risks is wrong–but do it only for the right reasons, Buffett explained to the University of Florida class. He added that he’s seen both businesses and individuals take big risks out of greed when they should have held back.
“If you risk something that is important to you for something that is unimportant to you, it just doesn’t make sense,” he said. “I don’t care if the odds you succeed are 99 to 1 or 1,000 to 1.”
I`m a Small Business Owner and have been for 9+ years.
My Blog is designed to give you today's news and stories ... whether you are in local, online, offline businesses, start-ups and in need of renewal
I look forward to connecting with you.