Free Advice Can Come At A Cost

As a small business owner, you have probably received no shortage of advice from people you know and trust to perfect strangers. While they may be well intentioned, chances are that most of them don’t know what they’re talking about. You can spot this deficiency if they seem to be giving the same shorthand advice over and over. For instance, many people believe that it is best to start a business with people you already know and trust. However, these people may not be particularly strong in the skill areas you need to fill. It will also be much harder to let these people go if they’re not working out. Another popular tidbit is the warning that you can’t compete in an already saturated market. While this sort of things is essential to consider, there can always be niche areas of service and marketing deficiencies in the field as a whole. It is always good to collect any advice you might get, but filter it carefully before you taking it to heart.

 

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