For More on This Topic
James Currier wrote A Founder’s Guide to Taking Advice
that I found thoughtful. We don’t agree on everything, but hey, that’s the point of getting different views. Here’s a taste:
“So how to know good advisors from bad? The best advisors share a few key criteria. They usually are:
Successful former CEOs, founders and executives.
Other CEOs say, “They were the best advisor I had.”
Natural teachers who are good at explaining.
Possess a superior network of other top people.
Have domain knowledge related to your business.
If you find yourself wondering whether the advisor is actually worth talking to, then you have your answer. They are not. Move on. Once you are sure you have a rockstar advisor— the kind with 10x ideas — compensate them generously. Their advice can make your company. You want their engagement.”