tips from successful entrepreneurs

Tips from Successful Entrepreneurs

From Forbes.com

Pennington Capital

In November, Forbes was able tointerview contenders for Ernst &Young's Entrepreneur of the Year

competition. Here is their advice aboutbeing a successful business owner in

2016.

Take Risks

Just thinking about it is not enough. You have to be 100%willing to risk everything in order to achieve anything.

Make Sure Your Team Cares

Being a good leader is just as important as having a goodproduct. Your team needs to want the company to succeed as

much as you do.

Embrace Mistakes

You must be able to learn from, and recover quickly from,setbacks in order to keep moving forward.

Think Outside of the Box

Innovation comes almost exclusively from startup companies.Embrace it.

Do What You're Good At

Don't try to be a one man team. Be in charge of what you knowyou are good at and outsource the rest.

Keep Growing

Keep moving forward. Keep growing your company. Do not gettoo comfortable in one place.

Spread Out FundingSources

Do not just focus on one place for business funding. Make sureyou have multiple sources.

Protect Your Core

Even while growing, do not let what the company was built onfall to the wayside.