Entrepreneur Magazine's Emerging Entrepreneur of 2011 Adam Nelson shares his best advice for startups trying to grow their business. The founder and inventor of the Good Nite Lite offers three tips:

No. 1 - Put your networking skills to work. "Find people you can learn from," Nelson says. "What you may not need from them today, you may need tomorrow."

No. 2 - Don't be afraid to share your idea. "There's always the opportunity where they may not be able to help you, but somebody else will," he says.

No. 3 - Keep taking risks. "Our personal motto is: 'Fail cheap, fail quick,'" he says. "Don't be afraid to try." 

Related Video: Good Nite Lite's Adam Nelson on Growing Without a Business Plan