Thought Leadership

Best Pieces Of Advice For Entrepreneurs In 2021

Locked up in our homes in 2020, many of us turned our attention to working on ourselves. Whether it was establishing an exercise routine or simply getting down to the task of reading the books that have adorned our shelves for far too long! According to market research, people took to reading self-help books with renewed vigour! The self-improvement market was worth $9.9 billion in 2016 and is estimated to grow to $13.2 billion by 2022, with a 5.6% average yearly gain.


The year 2021, marked with a mix of uncertainty and hope, is the year to implement the nuggets of wisdom that we have so carefully collected in the past one year. So we rounded up the best of advice for entrepreneurs that any aspiring entrepreneur can swear by, this year!


1. Take one step at a time

We often get so overwhelmed that we forget to look at the big picture. Sometimes, all we need is to take one step forward, from our business plans to personal development. In the long run, it leads to a completely different life, a transformed company and a deep sense of accomplishment and happiness.


As Warren Buffet, CEO and Chairman of Berkshire Hathaway, said, “I don’t look to jump over 7-foot bars — I look for 1-foot bars that I can step over.”


2. Don’t be afraid to fail

Failure is part and parcel of life. We often get so scared of losing that we don’t try. With every failure, we evolve into the person that we need to become. Every entrepreneur has gone through hardships and disappointment that has ultimately taught them what it takes to build a successful business that would keep growing.


As Chris Hardwick, an American Actor and Writer, said, “No human ever became interesting by not failing. The more you fail and recover and improve, the better you are as a person. Ever meet someone who’s always had everything work out for them with zero struggle? They usually have the depth of a puddle. Or they don’t exist.”


3. Pick the best talent for the job.


COVID-19 did come with some benefits, including the boom of online markets and remote working. We can now employ the best talent, regardless of where the person resides. Having good employees is crucial for any business. Talented employees can make or break the company, so choose wisely and pick well.


Like Brian Tracy, Canadian-American Motivational Public Speaker, said, “The smartest business decision you can make is to hire qualified people. Bringing the right people on board saves you thousands, and your business will run smoothly and efficiently.”


4. Be very adaptable

Before the pandemic, we could have never imagined such a scenario to play out. With lockdowns happening worldwide, companies were forced to change and adapt, and those who couldn’t lost out on their business. Adaptability is a crucial skill in today’s chaotic world. There is a need to adapt to new trends to keep customers and employees engaged and happy..


Like Max McKeown, English Writer, says, “All failure is failure to adapt, all success is successful adaptation.”


The year of 2021 will be filled with surprise and the only mistake we can make is one of inaction. In the words of Federico Fellini, Italian Film Director, “One of the greatest handicaps is to fear a mistake. You have stopped yourself. You have to move freely into the arena, not just to wait for the perfect situation, the perfect moment… If you have to make a mistake, it’s better to make a mistake of action than one of inaction.”