5 Business Lessons You Can Learn from Facebook

facebook business lessons
Facebook(let) by GOIABA (Flickr)

Whenever you are trying to start your own business or try to expand one that you already have up and running, it’s always a good idea to take a look at the titans of certain industries. When you learn from the best, you know that you are going to be getting quality tips that could take your business and bank account to the next level. There is always room for improvement in the world of business, and taking a look at the history of Facebook is one way to learn about what it takes to succeed in this world.

The banners and posters posted around the Facebook headquarters are a great place to start when you are looking for help. Your main business philosophy has a huge impact on your overall success in your industry, so this is something that you need to think about on a regular basis.

One of the most important banners in the Facebook building is one that asks what their employees would do if they were not afraid to fail. You cannot be afraid to fail in anything in life because then you will not be able to make any progress in the future. Anyone who has reached the pinnacle of success in this world knows that you have to take some chances every now and again and try things that other people seem to scared to attempt.

You have to be willing to “fail hard” in business because that is how you know whether or not you put forth your strongest effort. You can’t half ass anything, even if you do not think it is going to work in the first place. Anyone who is going to make some kind of breakthrough for their business is going to be someone who puts all of their energy into every aspect of their work.

Get a project done before you start worrying about perfecting it. The hardest part about any project is just getting it done, and you can always worry about cleaning it up later. As long as you are working hard and putting in the effort, you will eventually notice that you are able to get more done in a more timely fashion when you worry about perfecting it at the end of the project.

Don’t worry about making money right away. One of the amazing things about Facebook is that it was not really making any money at all in the beginning. This is because Mark Zuckerberg refused to place advertisements on the site for a long time. You will be able to build your customer base much faster if you worry about quality rather than how you are going to be able to make money off the product.

One last thing that you can learn from Facebook is that it is important to stay true to your roots. Don’t let the business world get the best of you once you start gaining some success. You should treat every project in your business career as if it was your first and you are still at the bottom of the totem pole.

About the Author: This is a post by Smarta, a leading startup and business ideas website.

SMB Authors

This article is one of the excellent contributions from small business owners, decision makers and professionals.