Straight Talk

What Advisors Have Taught Me

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Entrepreneurs don’t always realize it, but asking for advice can give them a precious advantage. In this short online panel, we talked to women business leaders about what seeking good advice has taught them. Here’s what they had to say.

Have a Plan B (and C, and D). Everything won’t always work as you’d planned. A friend whose business was uprooted by Hurricane Katrina reminded Angelle Albright, founder of Chemo Beanies, to plan contingencies for all aspects of her business, including manufacturing and distribution.

Don’t reinvent the wheel. Living Design Studios founder Jessica Adams says that advisors taught her the benefit of looking to the more experienced. Going to experts first can save you time and hassle. She says, “You don’t have to struggle.” Having traditional advice from professionals like lawyers or CPAs can give your business a strong foundation, adds Noreen Bishop, a Chase banking executive. “It can be a tremendous benefit.”

Understand it’s a business. Adams hails from a creative background and says it’s been crucial to understand that her love of art and beauty has nothing to do with how a business is run. Adams credits this advice with her company’s growth. 

Learn more about the power of seeking advice in this short video.

This article is editorial content and reflects the opinions of its participants. 

Related: The Best Mistake I’ve Made

Edition: December 2016

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