Question: What kinds of people should young/new entrepreneurs turn to for advice early in their businesses? Why?
People Who Work in HR and Team Building
"I don't think people realize the importance of finding good talent and building a high-quality team. Talking to someone with a background in HR will help you analyze talent better and create a process or system that will narrow down the candidates who are right for your company. The better your interview and team-building process is, the better your chances of success are. "
People Who Are Polar Opposites
"The first step in receiving advice is to become confident in your ability to separate the wheat from the chaff. Seek out polarized viewpoints, and practice adopting the good aspects while avoiding the bad. Learn to discern what resonates with your understanding, what expands your understanding, and what feels wrong. Trust those instincts."
"Everyone. I've learned just as much from successful business operators as I have from people whose businesses didn't succeed. The success stories we hear about can be helpful from a motivation standpoint. However, people that have had failures are just as helpful. Studying businesses that have dealt with issues has helped us avoid repeating the same mistakes. "
People Who Are Ahead of You
"My best adviser is my friend Bhavin of Magoosh.com. His company is a year ahead of us in everything: hiring, fundraising, revenue growth and more. His advice is invaluable in large part because his experience is so fresh. You don't need a wise adviser; you need a considerate contemporary!"
People With Expertise
"It’s important to seek advice from experienced professionals who have expertise that you don’t have. This may be industry-specific expertise, or it could be expertise in areas that are critical to any business, such as branding, sales, marketing, or financial record keeping and reporting. "
People Who Have Good Intentions
"Only seek advice from someone who is willing to pay your bills. Take every piece of advice with a grain of salt. As a young entrepreneur, it's easy to get swayed in many directions by people who are trying to be helpful instead of listening to yourself."
People Who Are Experts in Their Field
"Joining a good mastermind group can change everything for you. Surround yourself with people who are experts in as many areas as possible. This combined group is much more valuable than a single mentor or friend could ever be."
People With Different Skills
"Young entrepreneurs should first seek the advice of people with differing skill sets. An example would be a software developer seeking advice from a marketing expert. You'll immediately see new opportunities for your product. Because you are most likely not spending time in this area of your business, it will add another perspective."