Here’s the latest edition of The Optimized Report newsletter, which features 1 actionable tip every Sunday to help burned-out business owners dramatically improve their performance, profit, and potential without sacrificing what's most important—TIME.

Most billionaires didn't wake up with a billy in the bank.

Except for those exceptionally rare few.

Instead, they took massive action on a very focused vision, day in and day out.

Here are a few priceless pieces of advice from self-made billionaires like Elon Musk, Jeff Bezos, Oprah, and Richard Branson, to help you start turning your $1 into a million-dollar empire (it doesn't even have to be billions):

1/ "No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant." - Warren Buffett

You need to put in the work.

You can scream, you can cry, be you can never give up. Daily consistency in the right direction compounds over time.

This requires you to learn extreme patience.

2/ "Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine." - Jack Ma

Nothing ever comes easy.

You have to fail, learn, improve and keep going through good times and bad. It's never just good!

Patience is a reoccurring theme.

3/ "Constantly think about how you could be doing things better and questioning yourself." – Elon Musk

The status quo is for chumps.

Business owners should always seek to improve because if they don't, someone else will. There's always somebody looking to take your customers.

Continuous improvement happens every-single-day.

4/ "The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks. " - Mark Zuckerberg

To make money, you have to spend money.

Succeeding in business is about taking intelligent risks when everyone else is risk-averse.

You have to put fear aside and jump into the deep end—just ensure you know how to swim.

Drowning is still a possibility when the waves get too big.

5/ "The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow." - Ingvar Kamprad

Notice the themes?

Complacency kills.

Always seek to be better, even when things seem great. Every day, find ways to improve by 1%.

Just imagine how a 1% daily improvement can compound over a year.

6/ "The reason I've been able to be so financially successful is my focus has never, ever for one minute been money." - Oprah Winfrey

Money should never be your motivation.

It's the wrong focus. Instead, your focus should be on creating something of immense value to all your stakeholders, especially clients and employees.

If you have a clear vision and mission and execute it ruthlessly, money will come—with patience.

7/ "My philosophy is that if I have any money, I invest it in new ventures and not have it sitting around." - Richard Branson

Money is meant to be invested.

As you earn more, instead of pilling it into your personal life, invest it back into growing your business.

Invest it in hiring more people, so you can work on the business and not in it.

Growing a business is one of the highest returns you can achieve when you do it right.

Subscribe to The Optimized Report, which features 1 actionable tip every Sunday to help burned-out business owners dramatically improve their performance, profit, and potential without sacrificing what's most important—TIME.

It's always less than a 3.5-minute read with lessons you can instantly apply.