If you could interview 30 entrepreneurs who all became millionaires before they were 40, and ask them just one question, what would that question be? Of course the question would be (or should be), “How did you do it?”

Well Entrepreneur Magazine published a book (entitled: Young Millionaires) that reveals the secrets of these young entrepreneurial phenomenons. Until you buy the book (which I highly recommend), RealWorld University will just share some of their best advice with you:

John Chuang, owner of MacTemps, Inc.: “Commit to your business — don’t just do it on the side. If you have a vision and really believe in it, you should commit to it wholeheartedly.”

Andre Taylor, owner of Interactive Sports, Inc.: “The less money you have, the more creative you have to be. Focus less on going out and getting a lot of money and more on understanding your business and working at it aggressively.”

Stacey Kanzler, owner of Sandbagger Corporation: “Perseverance pays off.”

Dennis Telfer, co-owner of Sector 9 Inc.: “Look for something missing in a given market.”

Katrina Garnett, owner of CrossWorlds Software, Inc.: “You can’t change your goals every day. Many start-ups change their direction and focus fairly often, but I think you have to go with your gut and stay on course.”

Stephen Kahn, co-owner of dELiA*s Inc.: “Put all your cash back into your company so you can grow without capacity constraints.”

Billy Baldwin, owner of Cookie Island: “Listen to your passion — nothing’s more important. Passion can get you through just about any situation and give you the confidence you need.”

Sue Callaway, owner of S.C.R.U.B.S.: “Pick a product you can truly get excited about.”

Martha Peshoff, co-owner of Roman/Peshoff Public Relations, Inc.: “Just do it.”

Gregg Levin, owner of Perfect Curve Inc.: “Surround yourself with good people. Odds are, there are people out there who know more than you do.”

Matthew Glitzer, owner of FeMail Inc.: “Focus. It wasn’t until I zeroed in on one specific category of women’s health that my business took off.”

Kenneth Felberbaum, owner of Viam Communications Group, Ltd.: “You have to be positive, but you also have to be very realistic about things and be ready to react to unexpected situations. You have to understand the market before you take the plunge into business.”

Julie Sautter, owner of BodyLines: “The more connected you are with other people, the more opportunities you’ll have to meet people who can help you.”

Scott Korn, owner of York Paper Company: “Don’t let frustration turn you away from what you’re trying to build.”

Craig Saxton, co-owner of Specialty’s Cafe and Bakery: “If you don’t have the where-with-all to go through hell, don’t go into business.”

Kristin Knight, owner of Creative Assets Inc.: “The only thing that sets you apart from your competition is people. Find and keep the best employees you can possibly afford, and create a vision they can buy into. Also, know your weaknesses and compensate for them.”

Daymond John, co-owner of FUBU The Collection: “Never give up. [If] you get knocked down, just get back up and approach the situation in a different way.”

Steve Milo, owner of AnotherUniverse.com: “There are some tremendous opportunities on the Internet, and we’ve only begun to scratch the surface. If you have a niche product or idea, the Internet is a great place to find consumers to sell it to.”

Andrew Rose, owner of Andros Enterprises Inc.: “You can’t get discouraged, because you never know if the next day will be your big break.”

Thank you for visiting RealWorld University, where success is the only major. Please come again, and refer your friends to RWU. As always, live purposefully. God bless.

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