Bad advice from respected mentors costs more than failure because they don't know your specific situation. Seek multiple mentors with relevant experience, approach them with a clear agenda, and constantly ask whether they're actually helping or draining your business.
The worst business advice you probably ever got came from somebody you deeply, deeply respected. Somebody that has given you advice for many, many years, maybe in life, in business, in your marriage, whatever. And you look up to them, yet they don't know the context of your situation. They don't know what it looks like in your business, but you take the advice, you run with it, and it costs you a fortune. But you respect these people. So one of the things I always look at myself is, I go out and I look for advice. I always look for advice from different mentors, and then I put it into the situation within my business. In fact, when I go out and look for mentors to mentor me and I go back to them, I always have a very clear agenda of what I'm looking for. So I get the advice that is pertinent to my business, because you can get the most erroneous advice, go running with it, and it will cost you a fortune. I want to ask you this for yourself. Really think about who you're taking advice from. Are you taking advice from people that are in your business or have had a lot of experience in that, or they understand it? It really helps get the result that you're looking for. I want to ask you after this, go and spend some time looking at who you're taking advice from, because sometimes that advice you're getting might not be the right advice. It might be the advice that's cost you a fortune, and now you're still taking advice from that person, and you just need to think about that twice and go, do I really need to go find myself, or maybe different mentors?
