Startup Funding Espresso -- Do You Need an Advisor?
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Advisors can be helpful to your startup. Here are some key points to consider to determine if you need one: If you haven\u2019t run a startup before you\u2019ll most likely need an advisor. If you plan to raise funding, you\u2019ll find advisors add gravitas to the team as well as potential contacts. If you have holes in your team, then advisors can help you close them. If you are in a domain you have not worked in before, then an advisor can be helpful. If the business technology has changed dramatically, then an advisor can be useful to guide in the implementation of the latest tech. If you find yourself asking anyone and everyone questions about your business decisions, then an advisor may be the answer. If you have a team that always agrees with you, then you may benefit from an advisor who will be more honest with you. If you need help for your own growth, then look for a mentor.\xa0 Mentors are different from advisors. They typically help the individual grow, while advisors help grow the business. When you know what you need the advisor to do, then it\u2019s time to look for one. It\u2019s important to compensate the advisor and make clear the expectations in a written advisor agreement.\xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group\xa0\xa0 Music courtesy of .