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Asking Fellow Entrepreneurs For Advice Is Not Wrong

Entrepreneurs AdviceWhy do you fear talking to fellow entrepreneurs for information? They have the knowledge that will help you grow!

Entrepreneurs mostly feel like the entire burden of running the business is on their shoulders. Granted that you have numerous responsibilities but there is no rule that you should do it alone. You can turn to others for help and advice. More often than not, when you are in a pickle you usually turn to your family and friends for advice even though they are not professionally linked to you. You do so because you feel comfortable about sharing your problems with them and finding solutions together. However, the fact remains that they don’t have the knowledge that could help you find the right solutions. Your peers have that information. Yet, you never turn to them.

The main reason here is that you are filled with fear that they will take away your ideas and execute them. Unless you have intellectual property that has not been patented yet, you have nothing to fear. Ideas come and go, and many people have plenty of them. The other person does not have the resources and contacts that you do, and therefore, will not be able to do as good a job as you can with the idea. Whether you approach someone for advice or whether a competitor comes to you for some help, the fear of him or her stealing your competitive edge is actually empty. Therefore, you shouldn’t really worry about it and offer help.

You might be wondering how you will gain by helping someone. You could consider common challenges that your entire industry faces. By getting together with your fellow entrepreneurs and discussing these problems you could come up with effective solutions that help both your businesses. This generally comes under operations and market share. There are many problems such as expanding the market and increasing your reach, which you could obviously solve together. Thus, helping entrepreneurs and seeking help will definitely help you grow.

They say that when you share, you have more of it. Discussions will also help you grow your network and that is beneficial as well.

Entrepreneurial Learning

Getting in touch with your competitors and seeking advice or helping a fellow entrepreneur is not wrong. You don’t have to worry about your ideas being stolen unless you are looking to patent any intellectual property. Whether you look for advice or give your advice you will benefit from this congress.

Image courtesy of [Stuart Miles] / FreeDigitalPhotos.net

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