Tell me more ×
Answers OnStartups is a question and answer site for entrepreneurs looking to start or run a new business. It's 100% free, no registration required.

Some days I feel that I need someone experienced to have a top-level discussion of my next business steps. I don't necessarily feel that approaching investors is the right move for that -- I'm not really interested in funding at this stage, but rather advice.

How does one go about something like this? Am I expected to give some ownership in exchange?

share|improve this question

3 Answers

I think a good first step would be to distill your question(s) down to specifics, then create a defined project (or sub project) that gets more experienced people involved. In other words, market yourself and your business (or business idea , or project) in such a way that gets high ranking people involved. As a by-product, you will get ongoing direction and advice.

In my experience, there is no better way to gain experience than to start a real-world project that includes others. What can you do right now that will get mentors (or mentor like people) involved?

How (by thinking out of the box) can you connect your passion with theirs in a real project? If you can figure that out...you're on your way.

share|improve this answer
I have an ongoing project. I've been tweaking it for a few years now. It grew from a one-time small weekend project into a multi-thousand member community. Unfortunately I have started and continue with it on my own. I do not need them to help me out with prioritizing the ever-growing to-do list, but rather with deciding on a strategic direction. – usabilitest Nov 11 '10 at 14:11
Miss Zuly recommended a SCORE site for us. We are in a similar situation, we met with them and it is a very good resource. Do not know where you are located but if i the US you may want to look into it. – XS Direct Nov 11 '10 at 15:04
Hmm... I am in US and apparently the's a score of SCORE offices all around me. I'll give it a thought. Thanks for the pointer! – usabilitest Nov 11 '10 at 15:33

You can pay for a business coach or mentor, who will charge you by the hour. Alternatively, you can go to various business advising sites (shameless plug here - my site does exactly this - you can find a link on my profile page) which give general advice, but it won't be tailored to your particular situation.

Depending where you are located, there may be local resources such as SCORE which can help you find such a mentor. Alternatively, look to your network or browse online to find a business coach in your area that you can connect to.

share|improve this answer

Everyone needs input on their startup from time to time. It's really hard especially if you are working by yourself or carrying the majority of the responsibility.

There are a number of things you can do to get good advice:

  • Find a mentor (or several of them) that are happy for you to take them out for lunch from time to time and who can listen to you and share their experience
  • Hire a coach
  • If you are friends with other startup owners, a phone call or coffee can be a great way to get some perspective. Going to networking events or undertaking entrepreneurial education is a great way to meet like minded people
  • Put together an advisory board of people who have the skills, experience and contacts to help your business take off. You would usually either pay these people or negotiate to give them a small amount of equity in return (probably not right in the beginning but when the business can sustain it)
  • Even people who are not in business can sometimes be a help. For instance I was at a party a few months ago and was talking to someone I met (an artist) about my startup and how I was finding it challenging to reach my target market. She had a great suggestion for me which came about because of her different perspective.

Look around you and take note of the people you already have around you. The saying "When the student is ready, the teacher appears" is a bit clichéd but true because we prime our minds to notice what we want.

And lastly, you will find some great people around here who are very generous with their advice!!

share|improve this answer
very true, I have found this board to be a valuable resource and with a wealth of concise information to share. – XS Direct Nov 11 '10 at 21:06

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.