Startups

7 strategies for entrepreneurial success from Gary Vaynerchuk

  • 4 min Read
  • May 7, 2021

Author

Escalon

Table of Contents

Gary Vaynerchuk, an iconic marketer, entrepreneur and social media baron with 8.9 million Instagram followers and 2.3 million Twitter followers under the handle @garyvee, is perhaps best known for his prolific angel investments in tech giants such as Facebook, Twitter, Uber and Venmo. 

Vaynerchuk is also the chairman of communications firm VaynerX and CEO of VaynerMedia, a digital ad agency that serves a plethora of Fortune 500 clients. Additionally, he is the founder VaynerSport, the athlete representation agency of VaynerX, and VaynerTalent, an agency offering talent representation and consulting.  

As the host of The GaryVee Audio Experience podcast and #AskGaryVee Q&A show on YouTube and Facebook, Vaynerchuk shares advice and answers questions on entrepreneurship, running a business and marketing. 

Described by some as the embodiment of hustle culture, the business tycoon is also a sought-after public speaker and a five-time New York Times bestselling author. Given his years of experience and obvious business savvy, his books share brilliant lessons and tips on how to succeed as an entrepreneur.

Vaynerchuk’s NYT bestsellers:

Crushing It! How Great Entrepreneurs Build Their Business and Influence-And How You Can, Too

#AskGaryVee: One Entrepreneur’s Take on Leadership, Social Media, And Self-Awareness 

Jab, Jab, Jab, Right Hook: How to Tell Your Story in A Noisy Social World

Thank You Economy

Crush It! Why Now Is the Time to Cash in On Your Passion

7 key pieces of advice for entrepreneurs from Vaynerchuk:

  • When it comes to money, be practical.

As an entrepreneur, you must understand the importance of generating money and managing profits. Be practical and focus on the existing financial requirements instead of thinking about how much money you’ll make in five years. The golden rule is cash is oxygen. First-time entrepreneurs need to carefully weigh expenses like rent, supplies and inventory. Do you have enough money to pay a year’s rent? How much money is needed to stay afloat? There can be two instances—either your business isn’t funded, or you have a very well-funded business in which case you don’t pay attention to building a profitable business as you’re busy thinking about the next investment round. In either situation, you need to be very focused and practical where finances are concerned.

  • Business Is about commitment.

Every minute is important, and you need to be committed to your business from day one. This likely means a substantial amount of sacrifice, such as tossing off your favorite show, late night parties or family time. You are the creator here. So, question yourself as to how big a business you want to build. The bigger the business, the higher the level of commitment.

  • Your word is a bond.

If you give your word or make a commitment, no matter what, you must stick to it. If you fail to deliver what you commit, it’s not just your brand but your personal image too is at stake. So, hold yourself to your word.

  • Insufficient marketing.

A number of businesses don’t succeed because they don’t employ marketing to its full potential. The best or ideal marketing plan is to devise an overall strategy that works in an effective manner in stages. The formula here is to maximize each stage of the strategy and then move to the next one. This applies to every business tactic.

  • Harness the power of social media.

Social media is much more than pushing content out. As an entrepreneur, you need to constantly monitor your audience, pay attention to what is viral and make sure you are heard. Harness the power of social media to create a successful business or an influential brand. Provide value to your audience and don’t expect returns. This can turn your audience into endorsers. They’ll start sharing your content. Businesses can also leverage from co-branding.

  • Never underestimate your competition.

They day you start underestimating competitors, you lose the game. Competition is a strong motivator. You need to be on your toes all the time and prepare yourself for the worst. If you aren’t vigilant, your competition can take over a huge chunk of market share. 

  • Value your employees.

As an entrepreneur you need to value and consistently engage your employees. There are three crucial things to consider: being empathetic, encouraging and communicative. Recognizing and appreciating every member of the organization matters and can be intrinsically motivating.

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Accounting & Finance

Outsourcing vs. In-House: A Strategic Guide for Growing Companies

Expanding your team and capabilities is critical to sustaining growth—but the question often arises: Should you build an in-house department...

Read More
Accounting & Finance

The CFO’s Role in Driving Operational Efficiency in a Mid-Sized Company 

A Chief Financial Officer (CFO) isn’t just a numbers person anymore. Modern CFOs play a pivotal role in shaping strategy,...

Read More
Technology & Security

What Every $10M+ Business Should Know About Data Privacy Laws 

Once your annual revenue surpasses $10 million, you attract more attention from regulators, partners, and customers, especially regarding data privacy....

Read More
People Management & HR

The Cost of a Bad Hire: How to Improve Your Recruiting Process

Hiring is one of the most pivotal processes in any organization, particularly for a medium-sized business looking to scale. Yet...

Read More
People Management & HR

Key Insights from the 2025 CBIZ Not-for-Profit Pulse Survey 

At Escalon, we are committed to keeping our clients informed about the latest trends, challenges, and opportunities across the industries...

Read More
People Management & HR

Scaling Culture: How to Keep Employees Engaged as Your Business Grows

Growth in headcount brings exciting opportunities for a business, but it also poses a key challenge: How do you maintain...

Read More
Accounting & Finance

Managing Multi-State Compliance as Your Workforce Becomes More Distributed

Rapid expansion and remote work trends have empowered medium-sized businesses to hire talent nationwide. Yet with multi-state operations come multi-layered...

Read More
Leadership & Growth

How to Build Leadership Pipelines to Sustain Growth 

Growth often hinges on capable leadership at every level. Yet many medium-sized businesses focus on filling immediate management vacancies rather...

Read More
uncategorized

How to Avoid Operational Bottlenecks When Scaling Beyond $10M ARR 

Reaching $10 million in Annual Recurring Revenue (ARR) is a major milestone, but scaling further brings new operational hurdles. From...

Read More