One of the Most Important Things an Entrepreneur Can Do : Under30CEO One of the Most Important Things an Entrepreneur Can Do : Under30CEO
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One of the Most Important Things an Entrepreneur Can Do

| February 19, 2012 | 4 Comments

Every entrepreneur begins from square one at some point. They know they want to be an entrepreneur and they don’t want to continue working for someone else. Around the same time, each person comes up with an idea. This idea is the foundation on which their company will be founded and how they plan to make money.

Once they get past square one, there are many different perspectives on what the entrepreneur should try to acquire next. Should they chase capital? A good business plan? Partners? Products? Customers? You get the point.

The most important entrepreneurial resource is almost always overlooked in the beginning. Get a proven mentor or team of mentors!! Doesn’t it make sense to have people that you can talk to about the situation that you are going through? These people have been there before and they have learned many lessons the hard way. Having a mentor that you trust is essential to success in any entrepreneurial endeavor. They can save you time, money, and other resources. If you are able to find good mentors, they will even be able to help you grow your business in a sustainable way, on top of preventing mistakes.

Most people think of great entrepreneurs as lone wolves who accomplished their dreams by themselves. This could not be more false. From Bill Gates and Steve Jobs to Warren Buffet and Donald Trump, each had a mentor or two along the way. Each have well documented experiences with these mentors and speak openly about the help they got along the way. Remember, “You can not make it along, although some try.” If this approach is good enough for some of the most successful men in history, shouldn’t it be good enough for you?

Anthony Pompliano is an entrepreneur, consultant, and public speaker. After serving in the military, he founded two companies by the age of 22. He now spends his time working on The Community Corkboard, an education fundraising company with a community focus. In his free time he focuses on youth entrepreneurship and education. Follow him on Twitter @APompliano or subscribe to his blog at anthonypompliano.com.

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Category: Startup Advice

  • Matt Kamp

    Excellent post!  Having a mentor as a guiding light is crucial.  I recently co-founded a mobile gaming company in Columbia, MO, and we are renting out an office space owned by an incredibly helpful mentor.  There are also many other tech start-ups around us renting from the same building.  It is a great atmosphere to work in, and we ask those around us for advice daily.

    Matt Kamp
    http://www.rockupied.com

  • http://www.businessservicereviews.com/ Marshall Davis

    A mentor can come in many different forms, but the important part is to get one/many! The Internet makes this process much easier than it was in the past. For example, you don’t necessarily need to have a mentor in your geographic area. You can find them online and communicate via all of the methods the Internet affords. You can find groups of individuals in your situation, and you can find thought leaders that are willing to lend a hand.

  • Anthony Pompliano

    I have received amazing responses due to this article. Many people telling me stories of how they got/found/convinced their mentor to help them. The most successful avenue I have found is to provide a value back to the mentor. Does not have to be a large value, but a value nonetheless. 

    What other stories or tips do you have?

  • http://callboxinc.com/ Judy Caroll

    Love the point;)  When we try to examine any successful entrepreneur out there, they normally have one thing in common: a mentor.  They always had someone who they could learn from when times were tough.  We can all be like them.  Thanks for putting this out.