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Warren Buffett’s 3 Top Pieces of Advice for Entrepreneurs

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This story originally published on June 16, 2016.

 doesn’t dole out advice to just any audience. Though he often gets invited to give remarks at colleges and universities, he saves his wisdom for addresses to small-business owners — or those who aspire to become entrepreneurs.

At last week’s  10,000 Small Businesses program graduation at LaGuardia Community College in Long Island City, N.Y., and again this week at the White House’s United State of Women Summit, Buffett offered his number-one tip for business success. At 85, the  Chairman and CEO has learned the value of quality customer service.

Related: Warren Buffett: 5 Things You Can Learn From the Man Who Invested $1 Billion in Apple

He also believes in the importance of women in business, which led him to speak at Tuesday’s summit. Read on for Buffett’s top pointer for young entrepreneurs, as well as other lessons he’s learned over his career.

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