A short YouTube talk by entrepreneur Donna Genie discussing the limits and value of free advice for people starting businesses. She cautions listeners to treat casual advice skeptically, to rely on experts for specialized matters (e.g., legal contracts), and to learn how to distinguish useful guidance from well-meaning but potentially harmful tips from friends, family, or the internet.
Oh, free advice. Alright. Everybody loves some free advice, don't you? Well, I'm here to tell you you should take that free advice with a grain of salt and be very careful what you do. When you're starting a business, everybody has advice for you. They got tips, they know exactly what you should be doing. Well, I'm not so sure. Is that free advice really worth much? Well, I'm going to discuss how you can sort out which advice is valuable and which isn't. As a successful entrepreneur myself, I advise business owners all the time to on things relating to their finances, their strategies and setting up their entities, their sales operations. We dive into a lot of issues. However, if they ask me about a contract, I may be able to look at it, but I'm also going to remind them that they should have that run through an attorney to take a look. I'm not going to step into places and offer 100% guidance and advice on something I don't know anything about. Sometimes you got to leave this to the experts. So advice can come in all sorts of places, from family, friends, strangers on the Internet. Everything on the Internet. Right? Right.
