Wednesday, December 9, 2009

Wise Wednesdays - No Need for Noise

Seeking too much counsel, especially from people who know very little about your business or who give you advice because they read something in the news (i.e. housing sales are going up, there are constraints in consumer spending etc.) may in fact inhibit you to take action.

This is what I call Noise: People spewing advice or thoughts that are not based on much fact but opinion and mostly their biases.

However, it is important to seek wise counsel. Crucial. These are people who know your industry well, know what running a business is about or who have coached others. These people can offer what I call Golden Moments of wisdom.

The key, then, is to be able to differentiate between Noise and a Golden Moment and act on it. Entrepreneurs are more than doers – they’re deciders.

Cheers,

Dominik

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