13 Entrepreneurs Reveal Their Best Business Advice

Entrepreneurs' Organization

The best business advice I was given was in my year 10 woodwork class by my teacher—who was teaching woodwork to boys who were both frivolous and quick to make decisions on cutting into beautiful pieces of timber. The best advice I have ever received came from one of my mentors from the US.

Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

The startup ecosystem is a terrific manufacturer of bad fundraising advice. We shouldn’t be taking the advice of the people that are on this kind of track and weaving it into our own fundraising strategy. Fundraising takes a long time. I’m a female founder.

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What Most Marketing Advice Doesn’t Tell You

CO.STARTERS

This advice applies just as much to us at CO.STARTERS. The post What Most Marketing Advice Doesn’t Tell You appeared first on CO.STARTERS®.

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Advice from an entrepreneurship expert, with Professor Michael Goldberg

Young Leaders of the Americas Initiative

Michael answered questions from network members requesting advice for their entrepreneurial endeavors. What advice would you give to entrepreneurs and professionals looking to finance their business? What advice do you have for businesses operating in unstable environments?

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The Four Tenets of Conscious Capitalism

Entrepreneurs' Organization

Kent Gregoire is an Entrepreneurs’ Organization (EO) member and founder of Symphony Advantage, which helps CEOs achieve ongoing success through strategic thinking, advice and planning. Contributed to EO by Kent Gregoire.

Three Sneaky Types of Advice All Entrepreneurs Need to Avoid

Entrepreneur's Handbook

Lousy advice comes in many, often subtle, forms Continue reading on Entrepreneur's Handbook ». advice entrepreneurship business-development business-strategy entrepreneur

11 Top Entrepreneurs Share the Best Advice They’ve Ever Received from a Mentor

StartupNation

These 11 entrepreneurs share the number one piece of advice their closest mentor ever gave them: Time is the most valuable thing you have. I vividly remember his best advice: He asked about my goals, and I replied, “To earn $250,000 in commissions.”

The Problem with Startup Advice

This is going to be BIG.

I'm often the last one to leave an event, held back by the most persistant of entrepreneurs trying to squeeze as much advice as they can out of me. Often times, the advice is terrible or impractical. They don't look cautiously at the advice given to them by their favorite VC blogger. I'll show up generally anywhere I get invited to speak. I love public speaking, teaching and generally being helpful.

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Advice from Warren Rustand: Put Your Head Down and Walk Into the Storm

Entrepreneurs' Organization

Rustand says he’s had calls from more than 300 business leaders at small and medium-sized companies looking for advice. The post Advice from Warren Rustand: Put Your Head Down and Walk Into the Storm appeared first on Octane Blog – The official blog of the Entrepreneurs' Organization.

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A Letter to CEOs: Encouragement and Advice

The Seraf Compass

As a follow-up to our message on Angel Investing in Challenging Times, Christopher and I tasked Raza with putting together an update and perspective piece for the CEOs of our portfolio companies. The letter outlines our thoughts on some of the challenges they will face in the near term.

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Advice from a Scientific Entrepreneur to Her 25-Year-Old Self

TechStars

Contributed by Ginger Rothrock, Senior Director at HG Venture s, The Heritage Group. On my drive to work today I was listening to my favorite podcast, 20minVC.

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

There is a second set of career discussions I have even more frequently than my “angel yourself” advice but this type is almost never discussed publicly in blogs, which tend to emphasize only billion-dollar opportunities, 20-something technical founders and Silicon Valley elitism. But I also have advice for the 15% that really do want to be a startup CEO. A shortened, better edited and with nicer pictures version of this post first appeared on TechCrunch.

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Here is How to Make Sense of Conflicting Startup Advice

Both Sides of the Table

Everybody has a blog these days and there is much advice to be had. Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. There are some smart if not somewhat cerebral bloggers I read who say that you shouldn’t take any startup advice at all because it’s too generalized to be useful to your situation. This is generally how I try to organize my own views and how I try to give advice.

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The Bad Advice Diverse Founders are Given Around Fundraising

This is going to be BIG.

I can't think of a single time when a white man came to pitch me and I told him his fundraising plans weren't aggressive enough. Yet this is a message I'm giving to women and people of color all the time. It's not that this latter group isn't aggressive enough--after all, they're ditching everything else they could to to start companies. Something else is at play.

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Angel Funding Advice

Both Sides of the Table

They have advice to share. Ask them for advice. Tags: Pitching VCs Start-up Advice This is part of my ongoing series Pitching a VC.

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Some Advice Before You Hit the Fund Raising Trail

Both Sides of the Table

the most counter-intuitive fund-raising advice you’ll get 8. How to go for the close Some Advice Before You Hit the Fund Raising Trail was originally published in Both Sides of the Table on Medium, where people are continuing the conversation by highlighting and responding to this story. Fund raising. It definitely has a “d” in it, as in it’s really not fun, raising.

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Ramon's 2020 Holiday Party: Small Business Advice from Industry Experts

Smart Hustle Magazine

You can still take advantage of all the small business advice that was shared throughout the event. You can still listen to the whole thing, but we wanted to share some of our favorite moments and pieces of small business advice. Awesome small business advice!

The Most Important Advice I Could Give You About Unicorns

Both Sides of the Table

So here’s advice I give people all the time when they’re raising money. Or they’ll remind me of my common advice to take “ 50 coffee meetings.” The post The Most Important Advice I Could Give You About Unicorns appeared first on Bothsides of the Table. *. Unicorns. The most overused word in the technology industry today. And they aren’t even f **g real. That is how absurd thing have gotten. No, I take that back.

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My Number One Advice for Startups or VCs: Conviction > Consensus

Both Sides of the Table

It spoke to me because it so resonates with my nearly daily advice to entrepreneurs and VCs alike. I went as far as to call it the best Tweet of 2015 so far because it encapsulated my advice so succinctly. All advice you receive is too generic to help you – you need to decide for yourself in your exact situation. I call this process “triangulation” and my advice is always, “ Seek advice but in the end trust your own judgment.”

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Expert Advice for the 4 Million People Who Launched a Business in 2020

StartupNation

Here are several pieces of advice that I learned the hard way: First, not every successful company starts in an accelerator. The post Expert Advice for the 4 Million People Who Launched a Business in 2020 appeared first on StartupNation.

Career and Resume Advice: Student Edition

Y Combinator

With the launch of YC’s list of startups hiring for fall 2020 interns , I’ve been getting a lot of requests for advice from students about their upcoming fall plans.

Some Advice for Celebrities and Startups Seeking Their Endorsements

Both Sides of the Table

For the most part my advice is simple, “don’t bother.” Entrepreneur AdviceI live in LA. And I’m a VC. So you can imagine I see my fair share of celebrities looking to get into the technology industry. And equal numbers of startups seeking celebrity endorsements in exchange for equity. ” But as ever I’ve had to have this debate in numerous company pitches and board meetings. So I guess it requires some explanation.

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The Market Holds The Best Fundraising Advice

Haystack

As lines of code continue to proliferate through the world, as the rate of startup formation increases to seize those opportunities, and as the VC industry expands to support those new teams and opportunities, there is no shortage of people to visit for advice — not to mention all the resources online. In my short time investing to date, I have experienced a phenomenon that, in my own opinion, hurts more than helps — getting advice from too many sources.

How Shibusawa’s Advice Would Have Saved Our Startup

Entrepreneur's Handbook

How to make sure you hire the right people for your team Continue reading on Entrepreneur's Handbook ». life-lessons entrepreneurship hiring startup business

Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. This is part of a series on fund-raising advice for entrepreneurs and VCs. Why you should never have a data room?—?the

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Any advice can be worthless, or worse.

Berkonomics

Ever get bad advice? Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. Email readers, continue here…] The angel investors could not raise the next, larger round to finance the shortfall and further expansion, putting the fragile young company at risk for following the advice of its board.

Why “Quit Your Job” Is Terrible Advice For Entrepreneurs

Entrepreneur's Handbook

Most people will need to keep their jobs while starting new businesses Continue reading on Entrepreneur's Handbook ». society startup inspiration entrepreneurship work

What We Wish We Knew Then: 7 EO Members Share Advice for Graduates

Entrepreneurs' Organization

The post What We Wish We Knew Then: 7 EO Members Share Advice for Graduates appeared first on Octane Blog – The official blog of the Entrepreneurs' Organization. It’s graduation season for many, which makes this a perfect time to experience-share with the next generation of entrepreneurs entering the workforce—and maybe even joining your company. We asked EO members what lessons they wished they had known when they graduated and joined the working world. Here’s what they shared.

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COVID19 Crisis, Business Advice and First Principles

Continuations

Today I want to address all of those running a company or making management decisions with a simple message: avoid generic business advice! By generic advice I mean anything of the form “do x,” such as “cut 20% of cost now.” So what then is an alternative to generic advice? These can form the basis for figuring out what to do and also for evaluating advice. A first principles based approach is always superior to the indiscriminate application of generic advice.

Startup Advice

Both Sides of the Table

I usually tell people that everything I learned about being an entrepreneur I learned by F’ing up at my first company. Continue reading on Medium

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Get Off My Lawn! Crazy Kids and Their Sex, Drugs and Startup Advice!

This is going to be BIG.

There are too many people giving advice who have been through one or two startups, none of which grew into a huge company, got to profitability, or an IPO. I think we all need to be a lot more discerning about where advice is coming from. That doesn''t feel like the perspective you get from a lot of advice givers these days. Your advice matches the experience of your accomplishments. Yet, it all sounds like awesome advice to other startup people--i.e.

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Why being a VC sucks. Advice to anyone who wants to get into venture capital.

This is going to be BIG.

I probably get around a dozen e-mails a week asking me how to get into venture capital. On top of that, anytime I talk to anyone who wants to get involved in startups but isn''t sure what they want to do, inevitably, I hear, "And then I was thinking maybe I should look into venture capital, too.". I usually direct people to this post --still hanging atop the search rankings for " How to be a VC analyst" years later.

The 4 Worst Pieces of Advice I Got For My Startup

Entrepreneur's Handbook

And what I did to fix them Continue reading on Entrepreneur's Handbook ». startup productivity entrepreneurship business life-lessons

Blind raises $37M to double down on workplace gossip and career advice

TechCrunch

Blind has carved out a unique niche in the social-networking world. It’s an app of verified, pseudonymous employees talking to each other about what’s going on at their employers, trading notes on everything from layoffs, to promotions, to policies.

The best advice startups will never follow

Berkonomics

There are five attributes of a great investor (see my book, “Extending the Runway,”) the money they offer at reasonable terms, their ability to guide you with advice about the context of your business plan in relation to the marketplace, their experience in the process of growing a company, their knowledge of how to best use corporate resource time, and finally, access to their extended relationships with others who can help speed growth.

Nick Dancer’s Advice to Biz Owners: “Just Show Up”

Smart Hustle Magazine

The post Nick Dancer’s Advice to Biz Owners: “Just Show Up” appeared first on SmartHustle.com.

How Ignoring Typical Advice Led to Making 100K+ as a First-Year Entrepreneur

Entrepreneur's Handbook

Lesson 1: When they zig, you zag Continue reading on Entrepreneur's Handbook ». inspiration business life-lessons entrepreneurship startup