Starting a Business? FIND AN ANGEL

STARTING A BUSINESS? FIND AN ANGEL

from the article 'Advice for Budding Entrepreneurs'
By Steve Tobak | February 11, 2011

Find an angel.

The whole mentor and coach thing has become so overblown that - I know this is going to piss a lot of people off, but - I wouldn’t go that route. Instead, find an angel investor who’s willing to provide seed funding for minority ownership. Why? Two reasons:

    1) Objective feedback and validation from a professional investor, another pair of eyes, is huge, and

    2) to help you navigate the business stuff that isn’t your forte.

MY THOUGHTS

why would i open a business that is not my forte?  opening a business is hard enough. opening a business you know very little about is suicide. 

Get a Partner Before Staring a Business

Before starting a Business: GET A PARTNER

from the article "Advice for Budding Entrepreneurs"
By Steve Tobak | February 11, 2011

Get a partner

Just about every successful start-up - Silicon Valley or otherwise - has cofounders. Apple, Microsoft, Intel, Google, Hewlett-Packard - it’s a long, long list. Don’t get me wrong; having a partner is often difficult and they don’t always work out. But the benefits of having someone to bounce ideas off and a two-person support system far outweigh the negatives. And partners have a high level of credibility with entrepreneurs.

MY THOUGHTS

starting a new business, especially your first, is not the time to go alone.  there's a lot of conceptualizing, planning, brainstorming involved.  do you really think you can brainstorm with yourself?  as far as i know - all of us - we only have 1 brain!!!