In order to ensure that you are on the right track, you must absorb and process all feedback, good and bad. Many founders have shipwrecked their companies simply because of their resistance to hearing bad news, despite warning signs during initial meetings with friends, family, colleagues, and business associates. Keeping an open mind is necessary for entrepreneurs to build products and services that address an actual market.
Without a doubt, entrepreneurs are innovative, bold, and ambitious people. But without a mentor to guide them, many entrepreneurs - particularly first-time business owners - set unrealistic goals with the wrong team and an unvalidated product. Read on to see why the most understated resource that entrepreneurs need is an honest mentor.