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18 Minutes of the Best Entrepreneur Advice
Building wealth. It’s a very simple formula. Spend less than what you make and invest the difference. Period. Think about it in your own life, in your own businesses, like what is the thing you’re looking forward to and excited about? And it could even be small. One of the phrases I like is put it on the calendar.
What’s on the calendar? What are you looking forward to? Jump, and the net will appear. Who I am now as a risk taker is so different than who I was when I began. And the way that you strengthen that risk muscle is by taking risks. It’s just go out and do something, like take that next step. There are so many people I talk to who get stuck, right? And where do they get stuck? It’s like, okay, I need a business plan.
I Got Rich When I Understood This Jeff Bezos

Do something you’re very passionate about, and don’t try to chase what is kind of the hot. Passion of the day, seen in that light, it really was a difficult choice, but ultimately, I decided I had to give it a shot. I didn’t think I’d regret trying and failing.

6 Tips on Being a Successful Entrepreneur 2026
 I want to tell you about these six mindsets, and the first one, I call “Yes, we can.” Now, B-school strategy 101 says the following: what we’re supposed to do, in a company, is stick to our knitting. We’ve got to figure out what we’re really good at — we call them core competencies — and we’ve got to build on them, invest in them, nurture them, make them more robust.
In big companies today, it’s all about the products. So while I’m in the US, my family and I have used Tide for many years to wash our clothes. And we get a chuckle, every now and then, because we can tell a new brand manager has come along, because what happens is they change the product, right? They take the blue speckles out of it and turn them green.
And they call it “new, improved.” Is this innovation, guys? I’m not so sure. Coca-Cola, what is there? There was Classic Coke, and then, there was New Coke. That didn’t work out too well. Then, there was Diet Coke, Coke Zero and Vanilla Coke and Cherry Coke, lots of Cokes. I don’t think this is what innovation is all about.
But for entrepreneurs, we don’t focus on products; we focus on problems.