Tag Archives: Young Entrepreneur council

Leaders Discuss Some of the Worst Business Advice They’ve Ever Heard | Small Business Trends

The biggest problem with receiving advice from peers or mentors is that you never know what will work and what won’t. While a lot of successful businesses are born out of the intelligence and ability of their owners, sometimes, people pass on advice they’ve heard — or misheard — without any personal experience to add perspective. As a result, the advice they offer is based on a gut feeling, which may or may not be a boon to your own business: In some cases, the advice they share can be downright terrible for a budding entrepreneur.

To help identify some of the bad advice out there, we asked 15 members of Young Entrepreneur Council (YEC) the following:

“What is the worst piece of business advice you’ve ever heard? Why is it so harmful?”

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Eight Lessons Entrepreneurs Don’t Want To Learn The Hard Way | Forbes

When you first start out running your own business, there are a ton of things to keep track of. Not only do you need to make sure there’s demand for what you’re offering, you need to worry about hiring the best staff and communicating what you’re doing to your customer base. You also need to make sure that you know when to follow your intuition and when you need to listen to sage advice —which isn’t always an easy task.

Members from Young Entrepreneur Council below share a few places where they misstepped and what they learned from it.

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