For the majority of millionaires, success doesn’t happen overnight. In fact, it takes hard work, dedication, thinking outside of the box and a pinch of luck. Sure, there are quick ways to become a millionaire – including winning the lottery – but the more satisfying way is by doing the hard yards.
When you’re thinking about joining the world of entrepreneurship, it’s easy to find yourself dreaming about that long-term goal. Not everyone will become a millionaire, but putting steps in place to set you on the path to be one is always going to be helpful.
There are many self-made millionaires we look up to, and all of them found their own path to success. We’ve included five success tips from the most likeable millionaires below.
Life is too short to be working for someone else’s dream. – Hugh Hefner
The late Hugh Hefner lived a lifestyle that didn’t always appeal to everyone, but if there was one thing that rings true more than anything else, it’s that life is too short to be working for someone else’s dream.
What does that mean?
It means that if you find yourself in a job or career that doesn’t make you happy, doesn’t pay well, and doesn’t fulfil you, life is too short for it to be the end goal. You have to start somewhere, and working for someone else could be the beginning, but never consider it all there is to life.
The truth is, most millionaires worked at a job they hated at some point in their life, but it made them more driven and determined to make something of themselves. If you have the right attributes of an entrepreneur, you will see working for someone else as a way to pay bills, but it will never be more than a stepping stone.
Motivation is what gets you started. Habit is what keeps you going. – Jim Rohn
When you first become an entrepreneur, it’s a momentous occasion. You put a lot of hard work in, you were motivated to reach your goal, and you made something of yourself. Eventually, that motivation will start to dwindle. You can find yourself getting too comfortable with your new lifestyle, and work will flow in as it always does. According to Jim Rohn, it’s the habit that can keep you going.
This means you need to set yourself a routine for daily tasks and stick with it. Rise at the same time every morning, eat a nutritious breakfast, set a daily list of tasks with timeframes to achieve them within, and take regular breaks.
Once your routine is set in stone, you will no longer need to rely on motivation to keep you going. You will rely on your routine, and this is far more effective.
To win big, you sometimes need to take big risks. – Bill Gates
One of the many entrepreneur benefits is getting to pick and choose the work you take on. If your schedule is looking a little tight, you can decline the work, or push it back. If a project looks a little smaller than what you would normally accept, you can let the client know that. You have the flexibility to choose, and that counts a lot.
However, as the wise Bill Gates once said, to win big, you sometimes need to take big risks. This means that if you are given the opportunity to take on a project bigger than you’ve ever been given, you need to weigh up whether this is an opportunity of a lifetime. There are big risks involved, but the rewards can be even greater.
The problem is when you’ve started out small, taking on a large project with many costs is risky. It could fall flat, and you’re out of pocket, or it could pay off, and you’ve got a pay cheque and an accolade to show for it. Only you can make the decision, but is the risk greater than the reward or can you afford to potentially win big?
Do not put all eggs in one basket. – Warren Buffet
It’s a popular saying, and for very good reason: don’t put all eggs in one basket. When you first become an entrepreneur, you will soon find out who your biggest customer will be. They pay the majority of your bills and you rely on them for most of your income.
This is not a good way to be. While it’s convenient not having to look for additional work, it can all end badly if that client all of sudden doesn’t require your services. It can then be a mad scramble to find someone to fill that gap.
To avoid that problem, you need to avoid getting into that situation in the first place. Treat all your clients equally, and don’t rely on one any more than another. If you’ve finished a big project and you believe you don’t need to look for another just yet because of your larger client’s workload, think again. Seek out the work while it’s there, and you will never lose out if your big client stops needing you.
Identify your problems, but give your power and energy to solutions. – Tony Robbins
Tony Robbins is an American author, entrepreneur, philanthropist and life coach. He is a self-made millionaire who worked hard to get where he is and never made excuses for his failings. Therefore, his quote makes perfect sense. When you find yourself faced with a large problem, it’s easy to fall into the trap of stewing about it, thinking about the “what ifs” and wondering why you can’t go back in time and avoid it. His advice is to use this same energy for finding the solution and fixing the problem.
Use your newfound entrepreneurship skills to find solutions to your problems that normally your manager or boss would sort for you. It’s now up to you and you alone to be the problem solver in your place of business.
Learning how to be a better version of you in business is a hard and long road, made all the more difficult by trying to get by on a start-up income. If you follow the words of wisdom from some of the most likeable millionaires, you can find yourself on the road to success. Who do you look up to? Who’s your favourite millionaire? Let us know!