The Daily Founder Day 027: Advice, or not?

As a founder you get a lot of advice from many different people, wanted or unwanted. Investors, coaches, customers, employees, friends, partners, the neighbor’s uncle…everyone has an opinion. Some of it is very valuable. Most of it is not. And that’s the challenge with advice: high variability of value and high volume.

Today, let’s take a first step figuring out which pieces of advice you may want to take up. List the people in your network you trust to give you advice on specific topics as a first filter to manage it all. In further steps you may want think about the psychology of advice, yours and that of the advice givers. You may also want to look at which type of decisions lend themselves for which kind of advice from whom. As you become more strategic about receiving advice you’ll become better judging whether it’s good or bad advice.

My advice on Day 027 of The Daily Founder, join this community of entrepreneurial minds on austrianstartups.com. Let’s do this!