Running and managing a business can be a formidable affair, and it undoubtedly requires a lot of hard work and perseverance to achieve the desired level of success. Whether you have already ventured into the business sphere, or are just about to, it pays to heed the advice of others who have walked in your shoes.

Here are some timeless tips from some self-made billionaires that will provide you with great insights regarding how to be successful in business.

Timeless Business Tips from Millionaires:

There is no such thing as a safe bet!

Following someone’s lead on a good investment opportunity is a bonus; however, many at times, you need to be acquainted with the hazards of blindly following something. If the investment is that good, someone wouldn’t have shared it with you. Do your homework first – proper research, and a proven track result should always be a pre-requisite for your investment decisions. The only reason people tell you about investment opportunities is because they want to diversify due to the risk

(David Niu – sold a company to aQuantive and is the co-founder of BuddyTV)

There is nothing wrong with being last in line

Missing out on an opportunity might be intimidating to many, but is it that big of a deal? There are plenty of opportunities available, you just need to keep your focus and strike your best for the right one!

(Alex Algard – investor and founder of

Be Confident About Yourself – Have Some Guts

Stand up for yourself and don’t be afraid to confront others. If you let people push you around, when will it ever end? Letting others push you around may not seem like a big deal at first, but it can impact your life and business in a negative way.

(Jeremy Schoemaker – sold a company to MediaWhiz and made $132,994.97 from Google in one month)

Treading the path, on which successful people treaded once, will provide you with much desired push in developing your “business” psyche, and will ultimately facilitate you to do well enough.

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