Starting a Business? Be careful of the advice you take

May 13, 2007

When starting a business, think carefully about taking advice - especially if it’s free.  Internet forums are a particularly bad place to go for advice.  Why is this?  Well, for a start 95% of people on there will be average (remember 5% of people control 95% of the wealth in the world.

If you want to build a successful business yourself, you don’t want to be average, so you can’t afford to take advice from average people.

Of course, you will find some successful business owners on forums, but it is difficult to seperate them from the wannabies, as the wannabies will go out of the way to assure you they are experts by regurgitating info they’ve read elsewhere - even if they’ve had no business experience at all.

Seek out people with a proven track record, and don’t be afraid to ask.  Even though they’re busy people the majority of successful business owners will be flattered that you asked for advice, and will be only too happy to help.

Also read as many books and autobiographies by successful business entrepreneurs as you can.  You will not only learn how they achieved business success, but they will often share their business mistakes too.

 On the subject of mistakes, don’t take advice from a business owner who claims to make no mistakes, as they obviously haven’t learned from them.

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Posted by cathlawson | Filed Under Running a Business 

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