TIPS FOR CHOOSING A START UP ADVISOR

When you are in the process of starting a new business, you have to think about everything from the overhead to who to trust when it comes to taking advice. Some business owners may not realize it, but making sure you have someone in your corner as an advisor is not a show of weakness or that you don’t know what you are doing, but a good business move.

When choosing your advisors, you have to keep things in perspective. Here are some tips to follow when doing so.

Choose an Advisor with Experience

This may seem like a no-brainer, but some people actually get this wrong. Remember this, choosing your advisors for your startup is like picking out great shoes; you go with a trusted brand because you know you are getting your money’s worth. It is best to go with someone who has been where you are trying to go.

Choose An Advisor in Your Industry

It is fine to have friends who are business owners. While it is good to hear what other entrepreneurs are doing, when it comes to advising, it is better to take advice from someone in your field. It is true that there are many experiences all business owners go through, however sometimes there are issues that are industry specific.
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Choose An Advisor You Can Afford

When things are new and you don’t have a lot of money, don’t think paying for an uber expensive advisor will get you immediate results. While that can be the case some times, it won’t be the case every time so don’t get yourself in a situation that may leave you in a worse place than before.

No matter what you decide to do, make sure you use wisdom and always go with your gut. Getting an advisor is a good idea and you should take your time so that your efforts pay off.

Original Post on Women’s ILAB