Mark Zuckerberg has built, grown, and maintained a billion-dollar company. Here are some of his best recommendations to help you achieve your goals.
Mark Zuckerberg, the co-founder and CEO of Facebook, may have dropped out of college when he was 23, but he is a self-made billionaire. Zuckerberg, who is now 31 years old, is the founder of one of the world’s most popular social media networks.
As a result of his enormous success, Zuckerberg has a wealth of knowledge about how to build a successful company. While he has primarily worked in one industry and his company is now enormous, the Facebook founder has plenty of advice that is still applicable to small and medium-sized businesses (SMEs).
Here are some of his top recommendations for turning tiny businesses into profitable enterprises:
1.Explore your options
In an interview with Y Combinator Startup School, Zuckerberg advised entrepreneurs to give themselves some leeway to explore other options for developing their company or narrowing their focus.
‘’You can definitely do that in the framework of a company, but you have to be wary of working at a company and getting locked in.’’
Before committing to a particular way of doing things, Zuckerberg advised businesses to investigate their possibilities and generate ideas. You’ll be able to discover an angle or focus that you like this way. This will assist ensure your success because you’ll be doing something you’re enthusiastic about rather than just launching a business for the sake of having a business.
2. Test everything
There is no such thing as a sure thing in business. Companies must test to ensure that what they are doing is working, that it is connecting with their target audience, and that the expected result is being achieved.
‘’We have this saying at Facebook that ‘done’ is better than ‘perfect’ – that’s the idea. Having something that you can get feedback from the community on, so you can start to learn whether you’re even going in the right direction at all, is better than trying to polish something up completely.’’
Testing with minimal impediments and the ability to adjust and perfect products, services, or processes can assist clients and customers achieve better results. Constantly reacting to what works and what doesn’t can help your company go forward more quickly and, more crucially, in the right path.