Words of AdviceSuccessful EntrepreneursWho Started from Scratch
Celine Balta is a Singaporean investor who has invested in over 40 companies before starting her own. Establishing a successful company is not about luck; it requires relentless effort, research, and the motivation to begin and execute an idea daily. Every investor learns lessons along their journey and faces challenges.
Business owners teach us valuable lessons from how to start a business to how to become an investor, as shown by Stelian Balta, the founding CEO of a digital investment and asset management company. Balta, who had nothing in his teenage years, achieved significant successes early on. At just 16, he created and designed online games, and by the age of 24, he became a millionaire after receiving his first million-dollar paycheck.
This was not just a success in investing but also sparked his humanitarian spirit. When asked about his company’s philosophy, Balta quickly mentioned, “Since we founded Hyperchain a few years ago, my philosophy has always been to do good.” To learn a lesson in this regard, follow this section on success secrets inSelMagzuntil the end.
6 Tips from Successful Entrepreneurs Who Started from Scratch
If you want to start from zero and succeed, you can use the important advice of entrepreneurs in this area.
Don’t Fear Failure
Balta mentions:
Great victory lies behind great failure. It’s crucial to accept failure. I have faced many failures myself. You must do your best and rebuild everything. I love my diverse experiences, and as an investor, I take big actions whenever I can. I started with no money or support, and at first, I felt hopeless, but after accepting failure and realizing it’s part of the process, starting a company became easier for me.
Every investor’s dream is to succeed in any economic activity, which does require an investment: so embrace failure with all your heart.
Be Patient for the Future
According to Balta, waiting is an ongoing necessity for marketing jobs and can enhance their execution quality, with time being a significant factor. If you want to become a successful investor, forget everything you’ve done so far.
Focus your energy on creating new things. Look at everything from different perspectives, innovate, evaluate, and remember to expect good things in the future.
Do What You Love and Are Skilled At
If you don’t have enough love and patience for what you want to achieve, you’ll probably lose it quickly. Therefore, set a goal you truly love so you can endure tough times. Love something that deserves to be loved, so one day you can enjoy the rewards of your hard work.
Balta points out:
In my early twenties, I was deeply interested in creating new games. Five years later, I felt the need to do something significant in the gaming industry, as many investors were actively involved.
Adopt Strategies to Reduce Risks
Every startup and business at a high level carries risks. As an early investor, you will face these risks too. Our main strategy is to invest in people with whom we can negotiate and reach agreements, while also pursuing strategies for shares and assets. However, to ensure success, minimize risks as much as possible so that companies can last longer.
Never Stop Learning
You should learn to continuously invest in your education and learn new things. Ongoing learning enhances your skills. You can’t perform uniquely; it’s crucial to focus on acquiring new skills and gaining valuable experiences.
Don’t Be Afraid to Execute…
Business ideas alone don’t hold much value. If you want to start a business and succeed, you need to bring your ideas to fruition. Executing projects in business can provide you with good experience and propel you several steps forward.
