Imagine if you could send a letter back in time to your 18-, 20- or 25-year-old self. What words of advice would you give? What do you wish you would have known back then?
We asked seven successful business leaders and advisors in The Oracles just that. Here are the important lessons Dan Lok, Bedros Keuilian, and others would share with their younger selves.
Get serious about learning
There are three things I wish I’d known in my 20s. First, get serious about learning. For the cost of a $10 book, you can get the knowledge it took others a lifetime to accrue. Become obsessed with learning about business, sales, and marketing. I didn’t do that until after one of my first business partners took advantage of me.
You think education is expensive? Ignorance will cost you a fortune.
Which brings me to my second point: choose your business partners carefully. You can’t do a good deal with a bad partner. I would rather do an average deal with a great partner because when you work well together, you can make it great.
Finally, don’t be so arrogant. Once I started becoming successful, I felt like I was invincible and lost money on several investments as a result. Stay humble and be open-minded — because you can learn something from everyone.
— Dan Lok, Chinese Canadian serial entrepreneur, global educator, and international best-selling author of “Unlock It!“; two-time TEDx opening speaker and founder of Closers.com, which connects companies to closers. Follow Dan on YouTube, Facebook, and Instagram.