Advice on Starting your Own Business, from Entrepreneurs

Have you ever thought of running your own business? In a previous post, one of our key learning’s at Entrepreneur Magazine’s Networking Night was to find a mentor. So, we asked some of the top entrepreneurs and freelancers we know: “What’s the best advice you can give to someone who might want to start their own business?”

“Build your network before going off on your own. Earn your dues first, and then when you think you’ve learned enough, and met enough people—go! This makes life so much easier because you are top of mind for people you met along the way.”

“A good leader makes a better entrepreneur. You may be really interested in your line of business, learn the craft and skills for it, but you need to have leadership capabilities: organized, efficient, decisive, benevolent, and trustworthy, among others.

“Do your research and have a plan before starting anything. Arming yourself with as much information about your intended industry and market is absolutely key when making big decisions.”

“Make sure all your papers and permits are in order. You MUST have a good and trustworthy accountant too!”

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