Advice for Frustrated Business Owners: Look for Advisors
Find an advisor -- someone you can trust -- who can help you analyze your business and commit to making a change.
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PrintJennifer Lyle, who started her own software company eight years ago, attended the Maui Mastermind retreat in Hawaii, where she got to share wisdom, best practices, and predictions with fellow entrepreneurs. Lyle came to the retreat -- which offers seminars, workshops, and networking opportunities for business owners and investors -- as a winner of the Big Business Contest. Part of her award for the contest was one-on-one coaching and consultations from tax, legal, branding, and entrepreneurship experts who gave her a fresh look at her company and how it's run. Lyle's trip to the Maui retreat wrapped up three months of intensive business-transformation work with the Maui Mastermind advisor team, and so AllBusiness asked her to look back on the transformation process and share some of its key lessons.
First and foremost, Lyle says, she would urge business owners to look for outside advice. She says:
First and foremost, Lyle says, she would urge business owners to look for outside advice. She says:
You have to take the leap. You have to say that you will do something different, and you have to realize that if you continue as you’ve been going you won’t change the way your business operates. Find an advisor -- someone you can trust -- who can help you analyze your business, and commit to making a change.
Lyle has found that having fellow entrepreneurs, even people in different industries from your own business, who are available to talk periodically about the challenges you face in running your business is invaluable in shifting your perspective just enough to allow you to really solve problems.
