Holicent
VIP Contributor
Have you ever wondered what it takes to start a business? Do you know someone who wants to start their own business?
If so, there are a few things you can do to help them get started.
Here are my top three tips for advising someone to start a business:
1. Be supportive and encouraging - You may not be an expert in the industry your friend or family member wants to start in, but you can still be helpful by being supportive and encouraging. If they are unfamiliar with the industry, offer to help them find resources that can teach them more about it. Offer to read their business plan or pitch deck and give feedback on how to improve it. Offer your network as a resource for potential partners or customers. Give them feedback based on your own experiences with starting a new business. The most important thing is that you remain supportive throughout the process; if they fail at least they will have tried and learned from their mistakes rather than never having tried at all.
2. Be honest - It's important for both parties involved that any advice given is honest and constructive rather than just positive encouragement regardless of whether or not it's true (thereby leading people down a path where they may fail). If they ask for feedback on their idea give them a honest answer.
If so, there are a few things you can do to help them get started.
Here are my top three tips for advising someone to start a business:
1. Be supportive and encouraging - You may not be an expert in the industry your friend or family member wants to start in, but you can still be helpful by being supportive and encouraging. If they are unfamiliar with the industry, offer to help them find resources that can teach them more about it. Offer to read their business plan or pitch deck and give feedback on how to improve it. Offer your network as a resource for potential partners or customers. Give them feedback based on your own experiences with starting a new business. The most important thing is that you remain supportive throughout the process; if they fail at least they will have tried and learned from their mistakes rather than never having tried at all.
2. Be honest - It's important for both parties involved that any advice given is honest and constructive rather than just positive encouragement regardless of whether or not it's true (thereby leading people down a path where they may fail). If they ask for feedback on their idea give them a honest answer.