You can be on Entrepreneur’s cover!

3 People You Need in Your Corner When Starting a Business Starting a business is not easy, especially when you are on your own.

By Wayne Goshkarian

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Starting a business is not easy, especially when you are on your own, and to be successful there are three people that you need by your side as you work towards building your business.


A mentor is an amazing asset for an entrepreneur to have.

A mentor is someone who is in a similar field as you and knows a lot about the industry. They are a person you know well and can trust. Find a mentor who has been where you are and someone who had similar dreams and aspirations that you have. Since they have already accomplished the dream, they can help you along the way. There are only so many books, podcasts and other media that you can consume; however, a mentor has years of tangible, relatable experience that can be tapped into.

Mentors know how business works, and whom to connect with to get ahead. Networking helps create a name for yourself and makes it easier to build professional relationships that may come in handy later for more opportunities. Mentors are great for providing support when things get tough. They know how to ride out the ups and downs of business. Starting a business can be stressful — but less so when you have someone in your corner cheering you on.

Related: 4 Benefits of Finding a Mentor


Accountants are laser-focused, by the book, meticulous people that will keep your financials under control. One major advantage to hiring an accountant is the amount of time it will save you. Instead of focusing on what is being spent and where it is being spent, you have more availability to focus on other aspects of the business. Accountants can be your bookkeepers; they can monitor all financial records to ensure taxes are being filed correctly and prevent audits for the company. Accountants are also beneficial when keeping track of the budget and creating financial plans for optimum profit. Accountants will keep all your money in the right place and alert you if something is wrong. With all the new technology we have, it is easy for accountants to monitor finances effectively and efficiently. Without an accountant, it is very easy for a new business to lose track of its finances and spiral out of control.

Related: Why Accounting Skills Are Indispensable for Entrepreneurs


Hiring a lawyer should be a priority when starting a business. They can help you with everything from drawing up contracts to protecting intellectual property and preventing lawsuits. Your lawyer can help you find a business structure that not only fits your company's needs but also is both financially fair and legal.

All businesses require some sort of contract to be drawn up, whether it is with vendors, customers or employees. A lawyer can assist in drawing up a contract that fits with the business's needs and requirements in a legal structure. Having a lawyer can also help create patents, copyright designs, trademark logos and patenting secrets, preventing competitors from having access to them. Lawyers ensure that every action within the company is legal and follows standard policies to prevent lawsuits and negative attention from the public.

Mentors, accountants and lawyers all bring special qualifications and experience that are essential to make your company a success. Make sure all three are in your corner.

Related: Ask a Startup Lawyer: How Should You Manage Co-Founder Equity?

Wayne Goshkarian

Director of Communications, Association for Entrepreneurship USA

Wayne Goshkarian assists entrepreneurs nationwide with creating, establishing and expanding their businesses. AFEUSA provides resources, networking and education to today's gig-economy entrepreneurs across all 50 states.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Resumes & Interviewing

Build a Better Resume with This $35 Subscription

AI Resume Builder promises to help you apply to jobs twice as fast.

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.


I Got Over 225,000 Views in Just 3 Months With Short-Form Video — Here's Why It's the New Era of Marketing

Thanks to our new short-form video content strategy, we've amassed over 225,000 video views in just three months. Learn how to increase brand awareness through short-form video content.

Business News

Samsung Makes 6 Day Workweeks Mandatory for Executives as the Company Enters 'Emergency Mode'

Samsung said its performance "fell short of expectations" last year. Now executives are required to work weekends.


6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.


You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.