All in the family
Filed in archive Entrepreneurship on May 21, 2007
CONTINUED FROM PREVIOUS POST
Audrey Fox also took umbrage at a suggestion not to spend time telling family and friends about your great business idea.
Though Dane's reason for saying this was simply that entrepreneurs should avoid being "all talk and no action", Audrey responded:
Why again wouldn't you want to talk with friends and family about your start-up? Before I opened my current business, I had actually thought of getting into a different type of company (opening a franchise). While laying down the underpinnings for it, it was the honesty of my family that saved me from making a huge mistake. When someone else opened the same franchise months later, it closed within 6 months because the neighborhood couldn't support it. Not relying on your family's brutal honesty could be the biggest mistake on this list.
As I told Audrey in my own response, I suspect her brutally honest and, it would seem, very business savvy family is, alas, somewhat unique. Though many family members and friends may, I'm sure, try to be helpful when listening to your business idea, before placing too much stock in their advice, the entrepreneur must first ask how qualified they are to evaluate the business and how objectively they can evaluate an idea proposed by someone with whom they share close emotional ties.
Globe trotting entrepreneur Pelle Braendgaard puts things a bit less diplomatically.
CONTINUED NEXT POST

Permalink: All in the family
Tags: small business startup advice family paypal+visa visa+part small+business
Trackback: http://www.creative-weblogging.com/publish/mt-tb.pl/70983
Mr Wong
Vote for All in the family:
|
Rating: 2.14 out of 7 vote(s) cast.
|
Response from:
Harry Goldberg
(05/21/07 4:23pm)
What I think what you're forgetting, Mr. Hessinger, is that you framed these 20 commandments originally as simple matter-of-fact rules. "Don't do this" and "Don't do that". Now, you're linking "further explanations" to the ones that the majority of rational business people would disagree with? Are you unclear about how you were amiss in presenting them as a list? But getting off that fact entirely, although it's at the crux of the problem, now you're saying that Audrey's off-base by asking family and friends? Excuse me... if this website is truly about bootstrapping...and encourages people to not even have a business account or phone line...then I can assume you wouldn't advice anyone to speak with anyone with a business degree either because THAT would cost money, right? So by your logic, if you have a business idea...DON'T pay someone to run it past and DON'T see what your family and friends may think (which is FREE ADVICE). Instead, ruminate everything in your own mind and NEVER get a second opinion before you break ground. That's insane... and again, I demand out of respect for me and other professionals that are offering our opinions and being "pissed on" for them... that you reveal your qualifications to discuss this field. It's blatently apparent to me why you've never formulated a successful business in your life... you don't listen to advice that doesn't match your own. That type of wearing blinders-approach is the first mistake any business owner can make,
Response from:
Shawn A. Hessinger
(05/21/07 7:05pm)
Check out the post on banking for a condensed business resume. I DO appreciate your and everyone else's opinion and input on this blog. That's why the comment section is here. Thanks.
| RSS | See all blog subscribe options |
|
What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Follow us on Twitter! |

