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Warren Buffett's 26 Secrets to Success in the Business of Life

  1. Don't be Afraid to Make Mistakes
    Try to learn from your mistakes — better yet, learn from the mistakes of others!
  2. Don't Borrow Money
    Think twice before you either borrow money or loan money to someone — especially a friend.
  3. Love What You Do
    Following your passion is the key to success.
  4. Make Time for Both Work and Play
    It is important to make the right trade-offs between work and play so we live a balanced lifestyle.
  5. Listen to What Others Can Teach You
    The experience of others is the best classroom you will ever find!
  6. Always Think of New Ideas
    Try to come up with alternate ways of doing things.
  7. Always Have a Plan
    When you fail to plan, you plan to fail.
  8. If You Fail, Try Again
    Failure is not falling down; it is staying down. Today's failure can lead to tomorrow's success! Thomas Edison: "I just found 10,000 ways that won't work."
  9. Protect Your Reputation
    It takes years to build a reputation but only minutes to ruin it.
  10. The Customer Comes First
    Take care of your customer and your customer will take care of you. Develop good communication habits in life by always questioning and listening.
  11. Open Minds Let In Better Ideas!
    Opening your mind can open the door of success.
  12. Always Promote Yourself
    Successful businesses successfully promote and advertise themselves.
  13. Location Is Very Important
    Location is a vital part of most businesses. Location, location, location — it can help you pay better attention and learn the most you can.
  14. Don't Be Fooled
    If it seems too good to be true, it probably is.
  15. Don't Judge Others
    With businesses, like with people, you should get to know them before you judge them.
  16. Be Willing to Change Your Ideas
    Chains of habit are too light to be felt until they are too heavy to be broken.
  17. Your Image Is Important
    Price is on the price tag; value is in the eye of the beholder.
  18. Be Thoughtful of Others
    If your service is outstanding, you'll always stand out.
  19. Pay Attention to Details
    A good business is disciplined to do the little things right every day.
  20. How to Present Yourself
    It's not just the outside that counts. It's the whole package.
  21. Your Decisions Affect Your Future
    Make sure you stay in school. Failing to complete your education can lead to not achieving your dreams in the future.
  22. Save for the Future
    Save money for things you need instead of spending it all on things you want!
  23. Be Someone in Demand
    Prices are determined by supply and demand. In life, two things that everyone can supply without limitation: knowledge and love.
  24. Confidence Comes with Understanding
    Don't get involved in a business you don't understand.
  25. A Lifetime of Learning
    Be smarter at the end of the day than you were at the beginning.
  26. Partners Make it Easier
    Great partnerships will make any job easier.