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If you take a look at the stories of great entrepreneurs – such as Wal-Mart (NYSE: WMT)'s Sam Walton, Microsoft (NASDAQ: MSFT)'s Bill Gates, and Howard Schultz of Starbucks (NASDAQ: SBUX) – you will see that they had the help of mentors and advisors.
After all, being an entrepreneur can be lonely, stressful and challenging. And it's often difficult to get solid advice.
"I can't overstate the importance of mentors in my life," said Ben Casnocha. Ben started his first business at 14 years old, and even wrote a book on his experiences, My Start-Up Life: What a (Very) Young CEO Learned on His Journey Through Silicon Valley
So where do you find mentors? Ben recommends lots of networking. In fact, he considers the Small Business Administration's SCORE (Service Corps of Retired Executives) a great resource (and it's free).
But be wary. Make sure you do lots of background research on the people you like. You might realize that they really aren't a good fit.
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