Why Business Advisors Don't Take You Seriously

29 Dec 2023 · 1 min

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In this brief talk, the speaker urges entrepreneurs seeking mentorship to come prepared by conducting due diligence before meeting a business advisor or coach. He emphasizes that while a full business plan isn’t required, founders should research their market, analyze competitors, and clearly articulate why their idea is compelling. Demonstrating this preparation signals seriousness, making advisors more likely to take the founder seriously and offer support, whereas unprepared pitches are dismissed because ideas are abundant and advisors have limited time.

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Folks, if you have a business idea and you're seeking the advice of a mentor, a coach, or a business expert, please, please do your due diligence. Come to the meeting with some preparation. I'm not expecting you to have a 50-page business plan, but at least do some vetting, do some market research, check out what the competitors are doing. Why is it that your idea is awesome? Put some efforts, put some time, put some thinking, put some research into what you're doing, into what you're presenting in this meeting. So that the expert, the coach will take you seriously and they're more likely to support you in this initiative. Otherwise, ideas are a dime a dozen and no one has a whole lot of time to spend on ideas. Do your legwork, do your homework, and you'll get the support.