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SUCCESSFUL STARTUP............6 Top Entrepreneurial Management Tips for Startups

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Warren Buffett is one business mogul who is not shy of giving advise to start ups.  He has dished out more than his fair share of helpful advice over the years, so here’s a look at six of his best tips for every budding entrepreneur…

Warren Buffett, CEO of Berkshire Hathaway, is worth an estimated $65.8 billion dollars, but he didn’t acquire that overnight and neither will you – unless you simultaneously win every single lottery in the world in the same week...

Here are some timeless management tips that propelled Warren Buffet's success, and trust me, if you can take them to heart, they will also propel your own success in 2019.

These management ideas will help you with your start-up.

1. Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
Making money is great, but keeping money or retaining money is greater! What he is saying is that by ‘Never forget Rule no.1’ is that while making money is the key to business, keeping money is the key to owning a very successful business.

2. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Always remember to think about what you’re going to say before you say something that you might regret later in life. Your reputation is everything. Don't forget that...

3. It’s better to hang out with people better than you. Pick out associates whose behaviour is better than yours and you’ll drift in that direction.
Spend time with people who have a positive outlook on both life and the business world and that positivity will transfer to you. Spend time with people who have a constantly negative outlook and you’re setting yourself up for some dark times ahead.

4. Risk comes from not knowing what you’re doing.
If you want to eliminate risk then you better know the ins and outs of your business. If you find yourself twiddling your thumbs then start reading up on your chosen sector. You never know what you might learn.

5. Admit mistakes and move on.
In the shareholder letter to Berkshire Hathaway investors back in 2010, Buffet let everyone know that he was responsible for a $44-million blunder:

6. Understand the power of humour.
Starting up your own business is no laughing matter – unless you’re setting up a comedy club, we suppose – but there is room for a few laughs along the way.

Find a way to relax your customer and investors, even partners.  Jokes well thought-out will do well as well as some humour.  You cannot under estimate the disarming affect of a good humour.

Beloved, Jesus is coming back soon.  "Where will you spend eternity - In heaven or hell? This is the time to work-out your salvation.  Now is the acceptable time!

Repent and give your heart to Jesus. He will give you a new life, victory and eternal life.  Will you accept Him today?


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