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If you’re an aspiring entrepreneur, sometimes the best way to set yourself up for success is to listen to advice from those who have blazed the trail before you. Below are a few tips to help you rise to the entrepreneurial challenge, along with words of wisdom from entrepreneurs whose names you’re sure to recognize.

Competition is good.

“I have been up against tough competition all my life. I wouldn’t know how to get along without it.” –Walt Disney

From the day he created Mickey Mouse, Walt Disney faced many other creative and talented people. Even when their work was more popular than his, their talent spurred him to improve his ideas. Without competitors, he would’ve never learned new animation techniques, and cartoons might still be black and white!

There will be people who are better than you at what you do. Use this as a growth opportunity; learn from your competitors and build on your strengths to come out ahead. 

Accept criticism.

“We all need people who will give us feedback. That’s how we improve.” –Bill Gates

The co-founder of Microsoft is now one of the richest people in the world. Think he was immune to criticism? No way! From the everyday computer user like you and me to his business partners, Bill Gates has heard all kinds of feedback about his products. Without it, we might still be using the original version of Windows!

Listen to people who offer you advice and constructive feedback. Consider what they say and seek other opinions. Some people may be trying to keep you down, but others are trying to help. You can sense the difference if you open yourself up to input from others.

Work hard.

“Genius is one percent inspiration and 99 percent perspiration.” –Thomas Edison

Edison was an inventor who filed more than 1,000 patents in his life. He invented the lightbulb, the electric car and much more. Think he didn’t know the power of hard work?

You’ve probably heard stories about entrepreneurs who achieved success easily. That’s great, but this is an uncommon outcome. You’re far more apt to succeed if you work hard; if you don’t, you fail.

Listen to your gut and stay positive.

“Don’t let the noise of others’ opinions drown out your own inner voice.” –Steve Jobs

Steve Jobs, co-founder of Apple Computers, stayed true to his strengths through many ups and downs. His unique ideas, though odd to some, made Apple an industry leader.

If you have an idea you think is great, don’t let people make you doubt it with discouraging words. They may have their own reasons for discouraging you. Your job is to listen to yourself and work toward your goals.

Be excellent.

“I was raised to believe that excellence is the best deterrent to racism or sexism. And that’s how I operate my life.” –Oprah Winfrey

One of the most influential women in the world, Oprah Winfrey has faced her share of racism and sexism. Instead of letting hateful people hold her back, she has risen to the top.

There may be something about you that others look down on. That’s their problem; don’t make it yours. If you are determined, you can achieve success despite prejudice.