Life of purpose

SKIP NAVIGATION Warren Buffett, Chairman and CEO of Berkshire Hathaway. Warren Buffett  took over  Berkshire Hathaway  in 1965. At the time, the company was a struggling textile mill in New Bedford, Mass. Today, the investing conglomerate has a market cap of more than $500 billion and the 88-year-old CEO and chairman is himself worth $87 billion,  according to Bloomberg’s Billionaire Index . Each year, Buffett writes a letter to his shareholders. Here are five pieces of Buffett’s best advice about to be successful in business, culled from early annual letters. Stay nimble “We could just field a basketball team with our corporate headquarters group (which utilizes only about 1500 square feet of space),”  Buffett wrote in 1979 . (Basketball is played with five people on t...

SEARC Quitting your day job to pursue the entrepreneurial dream can be exhilarating   —   or terrifying. Fortunately, anyone can easily make extra money from a "side hustle" without losing the security of a steady paycheck. These millionaires and members of   The Oracles   give practical advice on turning your side hustle into an abundant cash cow. 1. Maintain perspective You might feel tremendous pressure while birthing your idea and simultaneously performing in a full-time job. Instead of perceiving pressure as a problem, embrace it: the high stakes force you to be decisive, clear, and effective with your goals. Before you jump off the cliff and get your business going, consider a business partner. Find someone with opposite complementary strengths to have the best chance of winning. — Barbara Corcoran , founder of The Corcoran Group and Shark on   " Shark Tank " 2. Re-look at your current job ...