These answers are provided by the Young Entrepreneur Council (YEC), an invitation-only organization made up of the most successful young entrepreneurs in the world. YEC members represent almost every industry, generate billions in revenue every year and have created tens of thousands of jobs. Learn more at yec.co.
Other entrepreneurs have been the main source of information as I’ve grown as a leader. It can be lonely at the top and having a community of entrepreneurs who can share their experiences was critical to my decision-making process. It was imperative for me to have a group of leaders with very different philosophies and leadership styles than me to help me grow.
– Kara Brown, Lead Coverage
A coach will accelerate your success because he is with you and has gone before you to help you skip all trial and error. A coach is better than any book or course because he knows you and your company personally and helps you in certain ways that books cannot.
– Diego Orjuela, cables & sensors
Local business clubs have always been a wealth of information for me. They put you in touch with real people who you can have face-to-face conversations about the business with. Even if they don’t have members directly related to your company or industry, it’s always helpful to interact with local executives who have actually started their own businesses and understand the entrepreneurial mindset.
– Jordan Conrad, writing explains
I’ve found success by turning to popular blogs that feature content from other business owners. It’s nice to see that I’m not alone on my journey, regardless of our industry. Reading other people’s experiences helps me make decisions about my business. The fact that there is always new content means that there is always something new to learn.
– John Turner, SeedProd LLC
Photo credit: University of Salzburg / Flickr
One resource that I found extremely helpful in starting my business was networking events. Although most people go there for self-promotion, I found that there was an abundance of knowledge that was always presented and accessible. Attendees at these events are ready to answer your questions and explain topics that you simply cannot answer online or cannot find anywhere else.
– Jacob Tanur, click Play Movies
One resource I recently found that I think every first-time entrepreneur should be using is Bunch.ai. It is a digital coaching platform that drastically reduces the cost of professional coaching to a level that a young entrepreneur can afford. I’m a big advocate of coaching, but the cost can be prohibitive for early-stage founders and this is the first tool I’ve found to democratize it.
– Colin Darretta, innovation department
Quora is basically a question-and-answer website, but it’s popular with small business owners, entrepreneurs, and founders. It can provide a wealth of information to newbies on how to start a small business.
– Andrew Schrage, Money Crashers Personal Finance
I have a short attention span and, funny as it may seem, TikTok is the perfect place for me to get the best advice as my mind picks it up instantly and despite the long hours of staying in the app, I still interested. It might be nonsense to others, but for me the introduction to a particular idea usually comes from TikTok, and from there I will learn more details myself.
– Daisy Jing, banish
Reading books is the most important thing any person can do to build their knowledge. It is useful to read on as many different topics as possible as this is how you create “knowledge points”. When you can combine these points in unusual ways, creativity happens at work.
– Syed Balkhi, WP beginner
Listening to audiobooks is a great alternative to reading books when you don’t have the luxury of reading time every day. You can tidy up around the house, take a coffee break, or make breakfast while you finish a book on marketing.
– Maria Thimothy, OneIMS
Entrepreneurs lead busy lifestyles on the go. There is hardly enough time to relax and absorb new information. That’s why I enjoy listening to business-related podcasts. I can tune in while doing other chores and still learn a lot of cool new things about running a business. Even better, it feels like a real-life conversation that I share with friends.
– Jared Atchison, WPForms
Before focusing on the company I am currently working for, I had many other experiences that allowed me to learn more about the process I wanted to start with. Also, I was able to discard the information that would not be useful to me in order to later develop the idea that emerged as I expanded my knowledge.
– Kevin Laws, Leyes Media & VVS, of Laws Empire