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Donna Genie talks about why free business advice can be risky. She pushes back on taking guidance without knowing who's giving it and why, and stresses the value of paying for expert help on money matters.
Donna Genie talks about why free business advice can be risky. She pushes back on taking guidance without knowing who's giving it and why, and stresses the value of paying for expert help on money matters.
As a successful entrepreneur myself, I advise business owners all the time on things relating to their finances, their strategies in 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 gotta 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. It's easy to get caught up in this. But I want you to think critically about any advice you receive before you use it. What's the motivation of the person who told it to you? Are they an expert in that field? What's their background? Have they built successful businesses in the past? Think about why you want to take that device and how you would want to implement it. Or better yet, how to verify it before you use it.
