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Why Most Entrepreneur Advice Comes from the Wrong People

By Art Harrison • August 6, 2025

Not all entrepreneur advice is created equal. Learn how to identify credible guidance and ignore the noise that's keeping you stuck in endless preparation.

The most expensive mistake I made as a young entrepreneur wasn't choosing the wrong business model or targeting the wrong market. It was following advice from people who had never actually built what I was trying to build.

I spent years implementing strategies from business books written by consultants who had studied successful companies but never run one themselves. I attended conferences where the speakers were professional speakers, not practicing entrepreneurs. I followed frameworks created by academics who understood business theory but had never faced the daily reality of keeping a company alive.

The advice wasn't necessarily wrong—it just wasn't right for someone actually in the trenches of building a business from scratch.

The Advisor Credibility Problem

Here's what nobody tells you about the entrepreneurship advice industry: most of the people giving advice are in the advice business, not the entrepreneurship business.

They make money teaching entrepreneurship, not practicing it. Their revenue comes from courses, books, and speaking fees, not from building and scaling operating businesses.

This creates a fundamental disconnect between what sounds good in theory and what actually works when you're trying to make payroll, handle customer complaints, and figure out why your marketing isn't converting.

The Three Types of Bad Advice Givers

1. The Retired Entrepreneur They built successful businesses 10-20 years ago and now teach what worked in a completely different market environment. Their advice was perfect for 2005 but catastrophic for 2025.

2. The Professional Advisor They've studied thousands of businesses but never had the experience of lying awake at night wondering if they can make this month's rent. They understand patterns but not the emotional reality of entrepreneurship.

3. The Theoretical Expert They have MBAs, consulting experience, and impressive credentials. They can analyze any business and tell you exactly what's wrong. But they've never had to implement their own advice under real-world constraints.

How to Identify Credible Entrepreneurship Advice

Before following anyone's business advice, ask these three qualifying questions:

Question 1: Are they currently building?

The best entrepreneurship advice comes from people who are currently building businesses, not just people who built them in the past or studied them from the outside.

Current builders understand today's challenges: modern marketing costs, current regulatory environments, contemporary customer expectations, and present-day competitive landscapes.

Question 2: Do they have skin in the game?

Are they risking their own money, time, and reputation on their advice? Or are they just passing along strategies they've heard work for other people?

People with skin in the game give different advice than people who are just sharing theories. They focus on what actually works under pressure, not what sounds sophisticated in presentations.

Question 3: Can they show you the receipts?

Ask for specific examples, not general principles. What exactly did they do? What were the results? How long did it take? What didn't work along the way?

Good advisors can show you their actual work, not just their polished case studies.

The Advice That Almost Killed My Business

In 2015, I hired a business consultant who came highly recommended. He had worked with Fortune 500 companies, had multiple degrees, and spoke at major conferences. His credentials were impeccable.

His advice nearly destroyed my business.

He recommended we completely restructure our service delivery to match "industry best practices." He suggested we implement complex project management systems used by much larger companies. He insisted we needed to "professionalize" our client communication processes.

I followed his advice because it sounded smart and sophisticated. Within six months, our customer satisfaction scores had plummeted, our delivery times had doubled, and our profit margins had disappeared.

The "professional" systems he recommended were perfect for large companies with dedicated administrative staff. They were disasters for a small business where everyone wore multiple hats and speed mattered more than process perfection.

The Difference Between Good Advice and Right Advice

Good advice is logical, well-researched, and has worked for other people in other situations.

Right advice is good advice that also fits your specific circumstances, capabilities, constraints, and goals.

Most business advice is good advice. Very little business advice is right advice for your particular situation.

The Right Advice Filter

Before implementing any business strategy, run it through this filter:

Does this match my current resources? If the advice requires capabilities, capital, or time you don't have, it's not right advice for you right now.

Does this fit my actual constraints? If you have a full-time job, advice that requires 60-hour work weeks isn't right for you. If you have limited capital, advice that requires significant upfront investment isn't right for you.

Does this align with my natural strengths? If you're introverted, advice that requires constant networking might work eventually, but it's probably not the right starting point.

Can I test this cheaply? If the advice requires betting everything on an untested strategy, it's not right advice for anyone who can't afford to lose everything.

How to Find the Right Advisors

Instead of following famous entrepreneurs or popular business gurus, look for advisors who match your specific situation:

Find People One Step Ahead

The best advice often comes from entrepreneurs who are 1-2 years ahead of you, not 10-20 years ahead. They remember what your current challenges feel like and have recently solved the problems you're facing now.

Seek Industry-Specific Experience

General business advice is less valuable than advice from someone who's built the type of business you're trying to build. A SaaS entrepreneur's advice about customer acquisition will be more relevant than a restaurant owner's advice, even if the restaurant owner is more successful overall.

Prioritize Current Practitioners

Someone currently running a business will give different advice than someone who sold their business five years ago. Current practitioners understand today's challenges and opportunities.

The Most Dangerous Advice Categories

Certain types of advice are particularly dangerous because they sound reasonable but often lead to analysis paralysis or misallocated resources:

"Do This Before You Start" Advice

Any advice that requires extensive preparation before taking any action is usually wrong for beginners. You learn more from one week of trying than one month of preparing.

"Scale From Day One" Advice

Advice about building systems, teams, and processes that you'll "need eventually" often prevents you from doing the simple things that you need right now.

"Follow Your Passion" Advice

Passion is great, but passion without market demand is a hobby, not a business. The best business advice focuses on solving problems people will pay to have solved.

How I Learned to Filter Advice

After the consulting disaster, I developed a personal system for evaluating advice:

First, I try to understand the advisor's motivation. Are they trying to help me succeed, or are they trying to sell me something? Are they sharing what worked for them, or what they think should work for me?

Second, I look for advice that acknowledges constraints. Good advisors understand that real businesses operate under real limitations. They give advice that works within those limitations, not advice that requires perfect conditions.

Third, I test advice in small experiments before implementing it systematically. I never bet my entire business on anyone's advice, no matter how credible they seem.

The Right People to Listen To

So who should you listen to? Here's my hierarchy of advisor credibility:

Tier 1: Current Entrepreneurs in Your Situation

People currently building businesses similar to yours, facing similar challenges, with similar resources.

Tier 2: Recently Successful Entrepreneurs

People who built and exited businesses in the last 2-3 years in markets similar to yours.

Tier 3: Your Actual Customers

The people who buy from you know better than anyone else what you should improve, what you should stop doing, and what you should do more of.

Tier 4: Everyone Else

Take their advice with massive grains of salt. It might be interesting, but it's probably not right for your specific situation.

What to Do With Contradictory Advice

You'll often receive completely contradictory advice from equally credible sources. One advisor will tell you to focus on growth; another will tell you to focus on profitability. One will say hire quickly; another will say stay lean as long as possible.

This isn't because some advisors are wrong—it's because different advice is right for different situations and different business models.

Your job isn't to find the "correct" advice—it's to find the advice that's correct for your specific circumstances right now.

If you're struggling to filter advice because you're still building confidence in your own judgment, read about building entrepreneurial confidence through action rather than through accumulating expert opinions.

Your Advice-Filtering Action Plan

This week: Audit the business advice you're currently following. Who is it from? Do they meet the credibility criteria? Are they currently building what you're trying to build?

This month: Find one person who's 1-2 years ahead of you in building a similar business. Ask them specific questions about challenges you're currently facing.

Long-term: Develop your own judgment through experimentation rather than trying to find the perfect advisor who will tell you exactly what to do.

The goal isn't to ignore all advice—it's to become selective about whose advice you follow and when you follow it.

Remember, the best entrepreneurs aren't the ones who follow advice perfectly—they're the ones who adapt good advice to their specific situations.

If you're tired of conflicting advice and ready to develop your own entrepreneurial judgment through action, the FSTEP program provides structured practice making decisions based on your own experiments rather than other people's theories.

Stop auditioning for the approval of people who aren't your customers. Start building for the people who will actually determine your success.

The right advice for you is the advice that helps you serve your customers better, not the advice that makes you look more like other entrepreneurs.

For related insights on developing independent judgment, explore why you don't need a perfect business idea to start and learn about overcoming analysis paralysis caused by too much conflicting input.

Ready to Take Action?

Stop planning and start building. Take the first step toward turning your ideas into reality.

Video Transcript

The majority of advice and stories you're going to hear if you think it is starting something, whether it is a business or a side hustle, so I'm going to be told from the perspective of someone who succeeded. They're going to talk about the autonomy, the freedom, the fulfillment. They might even share some of the struggles they went through, but ultimately it's fraying around the story of them making it. And while that can be great and inspiring, it's not the only story. It's not the only possible outcome. It's not the only emotion that those of us who take the risk go through. And I want to talk about what it's like in the moment, because when people don't see that, when they only see the glamorized version of it, everything else becomes an unknown. And there's a reason we don't walk into the cave or open the door when we don't know what's on the other side because it's overwhelming. That's why a lot of people don't start businesses. There's just so much unknown that they just don't think it's going to be worth it or that they can risk their security and stability. Now that people do jump in, they see the glamorized version, and they think, yeah, it's going to be simple. Then when they encounter some sort of hardship, a setback, some sort of self-doubt, they think that they're alone. That they must not be cut out for the success that they always dreamt of because they weren't instantly in the private jet or having the fancy cars. But there is a middle ground. You know, everyone who has ever tried to start something has had all the range of emotions from fear, anxiety, doubt, anger, and some of us have managed to see the other side. You know, I am an aspiring entrepreneur right now, but I've been a successful entrepreneur in the past. I built and sold a business that gave me the freedom to do this. But this right now, this isn't a success story. I can't tell you that this is going to lead me where I want to go, but I can talk about what it's like while I'm in it. You know, right now at this moment, I'm a year-in, almost a year, of trying to build something new. Trying to build a channel, a community, something where I help people and I meet people who want to start businesses and work for themselves. But even after a year, I can't tell you whether I am on a collision course with failure, or whether I'm just a stepper two away from finally succeeding. I have absolutely no idea, and that's terrifying. So today I'm just going to share with you the emotions that I'm going through while I admit it, the fear, the doubt, the frustration, the genuine anger I have, and hopefully it inspires someone else not to go after the glamorized version of it, but just to know that they're not alone, or to know that, yeah, that's going to be something I can handle. I'm willing to take that risk if the upside is the freedom and autonomy that I ultimately wanted. As I said, I started this channel a year ago after selling my business. I gave myself at the time six months. I said in six months, I might not be making as much money as I was making before, which is multiple six figures, but I'd be well on my way. And in that time, I've made a few dollars, and I don't even mean that in a dismissive way. I've literally made a few dollars. I don't have any real traction. I don't understand why this isn't working. Now, I am clearly building a channel that may not be relevant and relatable to everybody, but it's still a business. And when you start a business, you assume there's going to be a learning curve, but if you believe and you're got that your idea is right, or that you have some value to bring, you assume that you're going to keep getting better and learning things and adjusting from there. But if you're like me right now in this experience where everything I try has the same ton result, I feel like I'm stuck in first year. I feel like even though a whole year has passed, I'm still at the starting line. Nothing has shown me any results, so I'm not building up on little successes I have. I'm just starting over every day, and that is exhausting. It's something that has happened before, even starting a software company in the past, we built something we thought was great, and the same product that ultimately did succeed, people dismissed for months. It thought that it was just a nice to have. They thought that it was a little clunky. And which did trust our guy. In that moment, we kept moving forward and ultimately is succeeded, but now I'm questioning and doubting myself wondering, am I delusional because of a past success? You know, that's a real problem entrepreneurs have. You've done something before that worked, and you did it by just ignoring the criticisms and critiques about our people. You believed in yourself and you're gut, but if you do that too much, is it problematic? That's what I'm kind of frustrated with right now. I'm also ashamed of the lack of progress. You know, I was a professional. When I started this channel, I thought my niche was success, telling people how to thrive in their careers, how to start and grow businesses creatively. And I still think that that is what I'm aiming for. But it's harder and harder to do that when the new thing you're creating isn't hitting the notes you want to hit. You know, it's one thing to make a video in your private jet about how you can teach someone to make millions, but when you're making a video in your house about how you just need 100 more subscribers or 200 more to make monetization to finally get a little bit of money, well, that doesn't sound like someone who's successful, but it is, or at least it's someone who has demonstrated repeatedly that they can succeed. And that's what I tell myself, but the doubt that I'm experiencing is starting to over well, not at times. Not so much that I'll quit, but quitting is another fear I have. And quitting is a fear that is tied with so many other complex emotions, you know, shame, fear, regret. I know a lot of people that start things that ultimately don't work feel such shame going back to a nine to five asking for a job at a place they maybe walked away from or they end up taking a emotion because they feel like they'd been out of the workforce. I have those same fears, but I also have other fears. I'm a parent, I'm 46 years old, and I've spent the last 13 years, well, this is 13, talking about how they can think differently about work and life, how they can make the future they want, if they're just willing to take some risks, and they saw me live it firsthand with my last business. I think my kids were probably six and four when it started and they watched it grow, and they were so proud of me, they would talk about it, they'd wear the swag. And when I started this, I said, hey, you know, Daddy's going to do something big again. I'm going to try to build something myself, just watch, I'll show you that if you just stick with it, it'll succeed. And not only do I have the fear of just it not working out and what that's going to mean for me professionally, but now I have this added weight of my kids seeing that. You know, I don't want them to be scared to start things because, yeah, not everything does work out, but I am a confidence driven person. That's how I parent. It's how I kind of approach the world. And I don't know how I'll properly communicate to them or inspire them when they have an idea to take that lead, if in the back of their mind, what they're really hearing is, well, yeah, it's great advice to add. Remember that thing you did that didn't work out? I'm also experiencing so much frustration and I guess is probably a matter of word. One of the things that most of us do when we're stuck in first gear, when we're trying to figure out what's going to make a business work is we just keep trying new things. I genuinely think I've done the right thing and I've talked to people who say, no, you look like you're doing the right thing. I don't understand. I can't understand why your videos don't have more views, why more people aren't on your newsletter, visiting your website. And that is incredibly frustrating. When you have on one hand, people saying this looks like the beginning of something successful, but the stats telling you that it's not, that is incredibly angry. You have two choices. You just stick with it. You push yourself further. You start feeling more doubt and more shame about your lack of success or you completely throw away whatever you were doing and you try something new again. And I've probably done that more times and I should have. Maybe that's why I'm stuck in first gear. Maybe it's because I've tried to change my approach. How many videos I make, whether I focus on a community or anything else, rather than just from day one saying, I need to get great at doing this and I'm going to stay true to the very first idea I had. I don't know what's right. And that's part of the confusion and the anxiety that comes into it. You know, starting something is worth it. I love the freedom. I still like the risk and the excitement that I have around this taking off. But I don't know whether or not I should keep doing it. You know, it hasn't been six months. It's been a year. I can go another year and a half. I can go two years. I could go a little bit more because I have some freedom. But I can't go 30 years. You know, pivoting is a strong asset. If you know when to pivot, how to pivot. But if you're pivoting forever and you never get anywhere, then is that a good thing? I don't know. That's where I'm at. That's the reality of starting this for me right now. You know, I'm still optimistic. I'm still excited to turn on the camera every day and talk about what I'm doing. I'm still experimenting maybe too much by trying to refine what the algorithm thinks my channel is about how I do thumbnails, how I make these videos. And I'm not planning on quitting anytime soon, but I'm experiencing all of those emotions that make me wonder if I should. And all those things stack together to make this scary. But I like scary. You know, one of the reasons that I'm chasing it isn't just for the fulfillment or the freedom of the autonomy. I had a lot of that. But I'm chasing it because I like things that are scary and difficult. I like the unknown. I'm someone that would probably walk through the door. But as I said, someone as you walk through and it's a horror movie and you're the first to go. So I don't know what's going to come next. I don't know what I can do differently. I don't understand why what I'm doing is less valuable than other people. You know, I know that I have a unique life experience. I know that I'm a talker. I don't think that I look bad on camera, but for some reason it's not working. And for now, I'm going to keep experimenting. I keep trying new things. But I wanted to put this out there so that other people that were thinking of starting, that were starting and feeling like they were the only ones not succeeding to know that you're not alone. You know, you can reach out to me anytime. Drop some comments, share it with each other, share it with me. Use the link in the descriptions. I just have coffee and talk with people on Fridays. No, they're not alone. No, that there is a chance of this succeeding. Yeah, I might be on a collision course with failure. But as I said, I might just be a step or two away. I'm going to keep trying to make YouTube understand me. I'm going to keep trying to make videos that I've valued other people. I'm going to keep pouring my heart out and being honest about the failures and the dark times and hopefully that ends up working.