There’s a Lot of Advice Out There
As a small business owner, solicited and unsolicited advice comes from all kinds of sources: friends, family, business acquaintances, employees, social media connections, customers, neighbors, and even people you meet standing in line at the bank. One key to being a successful small business owner is figuring out whose advice is worth listening to.
Understanding what type of listener you tend to be, when to listen, and how to evaluate the ideas that come your way could determine the long-term fate of your business.
What Type of Listener Are You?
In our experience, we have seen three types of small business owners:
Where Does the Best Advice Come From?
Sometimes great ideas come from the strangest places, but when you are running a small business, it is important to understand where the best advice is likely to come from.
Now that you have a good sense of who you should be listening to, you might be wondering who you can ignore. While it is always important to listen for that elusive pearl of wisdom that might come from the strangest place, sometimes it’s just as important to know when to redirect your efforts. The well-meaning in-law who has never experienced your business, the social media troll who speaks in generalities, the “business guru” who just graduated college with zero real-world experience, and the gregarious television personality offering to help you grow your business by 1000% if you pay for their self-education course, are all possibilities for you to redirect your attention to more prudent matters.
Be a Savvy Listener
Understanding the type of listener you tend to be and who to listen to will help you focus your attention on meaningful insights to support your business. Learning how to evaluate the ideas that come your way is as simple as asking yourself if the idea makes good business sense, and discussing the idea with the people you should be listening to. Many people have worthwhile insights and experience that can help you grow your business. It is up to you to create an environment that welcomes feedback, ask the right questions, and implement ideas that make good business sense.
About Breakout Capital
Breakout Capital is committed to responsible funding. We believe it is better for you to keep your business and grow it responsibly than set it up to fail with insurmountable debt. Please contact us today if you’d like to partner with us.