10 Great Pieces of Business Advice

business advice

At our digital marketing company, we love sharing business advice from big wigs in the business world. Here are some favorites of ours:

So I love to run. I like to run long distances. And part of it for me is sort of the joy of feeling the pain and the grit and knowing you have to dig deep. And I think a lot of times making business decision is like being a marathoner. In other words, you know what the finish line is that you really want to get to but, along the way, it’s not always pure joy. There are really hard moments. But if you keep your eye on the prize, it’s part of what drives you to get there.

Helena Foulkes, executive vice president, CVS Caremark Corporation

My mother always taught me never to look back in regret but to move on to the next thing. The amount of time people waste dwelling on failures rather than putting that energy into another project, always amazes me. I have fun running ALL the Virgin businesses — so a setback is never a bad experience, just a learning curve.

Richard Branson, founder and chairman, Virgin Group

I don’t think it matters how small or how big the task is, if you can do it just a little bit better than what is expected, you will be noticed and rewarded.

Jeffrey Katzenberg, co-founder DreamWorks

Just do it. There’s no benefit to saying, ‘I’m just doing this because it will get me to this new place,’ or ‘I’m just going to go into this analyst program because it will prep me for X.’ If you’re passionate about something, go for it, because people are great at what they love and when they’re the happiest.

Jennifer Hyman, CEO and cofounder, Rent The Runway

Be clear what matters most. And what matters most is your family. There are tradeoffs that you will make, but remember, at the end of the day that is probably the most important group of people in your lives, and that has been true for me from day one.

Meg Whitman, Chairman, President and CEO—Hewlett-Packard

Never define yourself as a product and, in fact, I would augment it; never define yourself by your competition, either. If you live and define yourself by your product or competition, you will loose sight of who your customer is.

Ginni Rometty, Chairman, President and CEO—IBM

Don’t take too much advice. Most people who have a lot of advice to give — with a few exceptions — generalize whatever they did. … Every company carves its own path, and [founders] are under pressure to make their startups look like the last successful company everyone remembers.

Ben Silbermann, cofounder, Pinterest

Embrace tough assignments. Conventional wisdom suggests that it’s easier to take the path of least resistance by signing up for an easy job, doing it well, and moving on to something bigger. The problem with that theory is that nobody notices when you do an easy job well. It’s far better to challenge yourself by raising your hand for the toughest assignments and work to solve problems that no one else has been able to solve. That’s how you truly become a trusted leader inside an organization.

Indra Nooyi, Chairman and CEO—PepsiCo

There is no evidence for what has not been created yet; only insight, purpose, passion and a willingness to move into what could be instead of what is. Truly innovative companies are not afraid to let go and create the next market shift.

Christine Day, CEO, Luvo

People can be bought with their pockets and they can be stimulated with their brains. But only if you win their hearts will they give you their fullest efforts driven by their passions.

Andrew Liveris, Chairman, President and CEO—Dow Chemical

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