On 14 March 1879 one of the greatest minds in history was born in Germany. Regarded by many as the foremost scientist of all time, Albert Einstein was undoubtedly one of the most well-spoken thinkers to have ever walked the earth.
Here are 10 quotes from the esteemed scientist, Albert Einstein, that are especially applicable to the entrepreneur today:
1. “Insanity: doing the same thing over and over again and expecting different results.”
Starting a business requires constantly changing your strategy according to what your market requires at any given time. If something is not working in your business and you don’t change the way you approach things, progress or a breakthrough can’t be expected.
2. “Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.”
When running a business, there are always ups and downs and lessons to be learnt. However, the failures your business has experienced in the past do not spell its future. Questioning what went wrong and learning from past mistakes is what makes the difference in the long-term success of any business.
3. “The true sign of intelligence is not knowledge but imagination.”
We too often think that running a business requires a logical, practical left-brainer who follows all the rules all the time, however, creativity is of the essence as far as entrepreneurs are concerned. If a logical, practical left-brainer can imagine something, chances are they will also be able to find a way to make it happen.
4. “Try not to become a man of success, but rather try to become a man of value.”
Entrepreneurship is seldom something that only holds benefits for the business itself – on the contrary, the benefits of a new business stretches far beyond its primary stakeholders.
When a business is successful, the positive results that it has on the community that it services and for the economy as a whole are immeasurable.
5. “Once we accept our limits, we go beyond them.”
Don’t be hindered by what those before you could not achieve. Be realistic about the obstacles in your way, but do not let these stop you from pushing the boundaries and breaking new ground.
6. “We cannot solve our problems with the same thinking we used when we created them.”
Don’t be your own worst enemy – if you are too set in your ways you will not be open to new solutions that present themselves. In an ever-changing business environment, innovation is always necessary. Chances are in 10 years there will be unforeseen problems that might even have arisen from things you do today.
If you don’t change your thinking to solve said hypothetical problems you might not be able to solve them altogether.
7. “Anyone who has never made a mistake has never tried anything new.”
Speaking of innovation: trying new things often comes with its fair share of trial and error. Making mistakes is human, and also a necessary part of growing your business. In order to gain greatly, you might need to risk greatly. And as so many business men have said, failures are the building blocks of success.
8. “Life is like riding a bicycle. To keep your balance, you must keep moving.”
When something does not go according to plan, the entrepreneur can’t simply stand back and wait for a solution to eventually present itself. The business bicycle will promptly fall over once the entrepreneur stops riding it, so just keep pedaling!
9. “The only source of knowledge is experience.”
One only learns how to go on and what routes to take once you have gained experience in business. Most new businesses are not overnight success stories, and you more often than not have to pay your dues and gain knowledge from experience to become a trusted brand in your industry. No experience is wasted if you can take something from it.
10. “Logic will get you from A to B. Imagination will take you everywhere.”
We have spoken about Big Hairy Audacious Goals on Counting Coins before. It is important that a business sets a goal that initially seems well beyond its limits at a specific time – it will not always be out of reach. Setting big long-term goals are motivational and will keep your business on track to success you haven’t even imagined yet. How many people believed the moon could be reached before the moon landing? Your business can break new ground if you can think big enough.