Mark Zuckerberg co-founded the popular social media site, Facebook, as a 19-year-old boy in 2003. When you think of entrepreneurs who have gone on to make fortunes and names for themselves, he is definitely one of them. Mark ranks among the richest in the world. Apart from Facebook, he had also created an AI assistant called Jarvis to convert his home into a smart home after a year of hard work. As of September 9, 2019, he is worth $69.8B and ranked among the richest people in the world by Forbes.
Many entrepreneurs dream of finding the success he has managed to find, or at least a portion of the success he has. If one was to try to learn from a successful entrepreneur how to successfully run a business, he is undoubtedly one of the first choices to come to mind. So, just what sort of business lessons would Zuckerberg offer to a budding entrepreneur? Here are five lessons you can learn from him to grow your own business;
1. Start by exploring
Before committing to anything, explore your options first. Don’t be afraid to try new things. Be open to learning new things, explore, and find what you love, then follow that. Remember that the ideas you have should be big enough to have an impact, and to do that you will have to change what you do. Just be sure that you do what you love, too.
Mark Zuckerberg believes that if you have an idea, it should marry big social impact. He once told a group of young guns that in order to have big impact, “you’re going to change what you do,” encouraging them to explore and determine what they don’t enjoy so that they can commit to what they do enjoy when they find it.
2. Be Passionate About What You Do
When you closely scrutinize the lives of some of the most successful entrepreneurs over the globe, you will notice a common trait in all of them. They are passionate about what they do. The same passion has enabled Facebook to innovate continuously and overcome every obstacle that came its way. It is that same passion which helped our Facebook prodigy reject multitudes of buyout offers, even in the face of adversity. President Donald Trump sums it up brilliantly when he said, “Without passion, you don’t have energy, and without energy you have nothing.”
3. Move Fast and Break Things
Facebook has long stuck to the motto of “Move Fast and Break Things”, and it helped them grow into the world’s largest social network. Zuckerberg has always been an advocate of moving fast, even if it breaks a few things. Facebook was in a predicament when they introduced a new NewsFeed. They acted on the spur of the moment and gave users options to see both the new and old NewsFeed, which resolved the issue. They also faced a backlash from users when they introduced their Timeline feature, but their move fast approach helped them iron out issues in an expedient manner without cultivating any mistrust.
4. Don’t try to be superhuman
Mistakes are a good, very necessary part of being an entrepreneur. During a live Q&A, a shy eighth-grader once asked Zuckerberg how he overcame challenges, such as finding lead investors and creating hype among users, during the early days of Facebook. “No person knows how to deal with everything. But if you can find a team of people, or friends, or family … then that’s what’s really going to get you through,” he answered.
Many want-to-be entrepreneurs are afraid to take risks and make mistakes, but Zuckerberg believes that having a strong support system and a team that shares your vision allows for room to appreciate mistakes for what they’re worth.
5. Always Stay in the Learning Loop
It is the desire to learn new things that led to the creation of Facebook. From an early age, Mark Zuckerberg had a predilection for computers and programming. He even developed a program called ZuckNet to connect his father’s home and office computers at the tender age of 11. He made games out of his friend’s drawings and learned many languages along the way. The list goes on and on. Despite having touched the upper Echelon in his niche, he still signs up for courses to stay abreast of the latest developments in the world of technology.