One of the Most Important Things an Entrepreneur Can Do

by / ⠀Startup Advice / February 19, 2012

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?

See also  Is Your State About to Put You Out of Business?

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.

About The Author

Matt Wilson

Matt Wilson is Co-Founder of Under30Experiences, a travel company for young people ages 21-35. He is the original Co-founder of Under30CEO (Acquired 2016). Matt is the Host of the Live Different Podcast and has 50+ Five Star iTunes Ratings on Health, Fitness, Business and Travel. He brings a unique, uncensored approach to his interviews and writing. His work is published on Under30CEO.com, Forbes, Inc. Magazine, Huffington Post, Reuters, and many others. Matt hosts yoga and fitness retreats in his free time and buys all his food from an organic farm in the jungle of Costa Rica where he lives. He is a shareholder of the Green Bay Packers.

x

Get Funded Faster!

Proven Pitch Deck

Signup for our newsletter to get access to our proven pitch deck template.