When you think of entrepreneurs who have gone on to make fortunes and names for themselves, one of the first to come to mind inevitably is Mark Zuckerberg, the founder of the popular social media site, Facebook. Many entrepreneurs dream of finding the success he has managed to find, or at least a portion of the success he has. If one was to try to learn from a successful entrepreneur how to successfully run a business, he is undoubtedly one of the first choices to come to mind. So, just what sort of business lessons would Zuckerberg offer to a budding entrepreneur? Here a few of many.
1. Explore First
Before committing to anything, explore your options first. Don’t be afraid to try new things. Be open to learning new things, explore, and find what you love, then follow that. Remember that the ideas you have should be big enough to have an impact, and to do that you will have to change what you do. Just be sure that you do what you love, too.
2. Not Superhuman
We are not superhuman. We are not perfect. We all make mistakes. Don’t be afraid to try new things, to make mistakes and fail. We learn from our mistakes, after all. We don’t know how to handle everything on our own, either. We can’t do it all alone, either. We need to have a good, reliable team to work with and support us. Find those who share your passion to team up with you, as well as people who compliment your skills.
3. “Done is better than perfect.”
This is the phrase painted on the wall inside Facebook HQ in Menlo Park, California. It is like the mantra for the company. It essentially means that instead of trying to make everything perfect at once, you should seek and strive to test boundaries and improve things.
4. Higher Purpose
Businesses need to have a higher purpose. Building a business and building a mission go hand in hand. Facebook was originally not meant to be a company, that’s what it evolved into. Facebook’s mission was to make the open the world and connect people; its business side is serving to advertise to people and exposing them to brands they might be interested in.
5. “Move fast and break things.”
This is one of Facebook’s mottos. Basically, if you’re not breaking things, you’re not moving fast enough. It means, basically, that if you aren’t making mistakes, you aren’t moving fast enough. In a letter to shareholders, Zuckerberg says, “Moving fast enables us to build more things and learn faster. However, as most companies grow, they slow down too much because they’re more afraid of making mistakes than they are of losing opportunities by moving too slowly.”
6. Take Risks
One of the quotes Zuckerberg is known for is, “The biggest risk is not taking any risk.” He explains it further as, “In a world that’s changing really quickly, the only strategy where you’re guaranteed to fail is not taking any risk and not changing anything.” So don’t be afraid to take risks. Some risks won’t pay off, but the ones that do will make it worth it.
7. Being CEO
On being a CEO: “I’ve always focused on a couple of things,” Zuckerberg said. “One is having a clear direction for the company and what we build. And the other is just trying to build the best team possible toward that … I think as a company, if you can get those two things right—having a clear direction on what you are trying to do and bringing in great people who can execute on the stuff—then you can do pretty well.”
Listen to your users and customers. Listen quantitatively and qualitatively. They will tell you to want they want and need, and how well you are doing and what should change. They can make you better, and that will make them happy.
9. Dream Big
Build something that will make positive changes in the world and impact future generations, improve lives and bring people together. Have big dreams, know what you want, and plan how to get there. Start small but think big and be willing to sacrifice to make your business a success.
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