Would you pay for startup advice?

[Overhemd]

Definitely, there is a slew of mentors,coaches,and investors who's connections and pure knowledge can put you light years ahead of the guy who is doing the same thing on the otherside of town,so to speak. With enough "buzzworthy" talk surrounding "your name,your company in association with your name" can definitely launch you into the stratosphere of those who are willing to not only invest, but can become apart of the "pool" of what those in the industry call "friends and family". So yes, it is important to pay for advice. In the history of business there has been those(for instance,in some sense,the story of Proctor & Gamble) who have paid for advice by as @AllenCheng stated "equity in exchange for funding".

I do agree with this.

I should clarify my previous post...

I am not totally against paying for advice; however, the start up needs to do their own research and due diligence on topics pertaining to their industry. I personally think that just paying out for someone to tell you the answers is bordering on poor business sense.

Would you agree that networking with others in your industry could generate the same "buzz" without having to throw Benjamins around?

[CameronGBeck]

I did the Robert Kiyosaki Real Estate Business Seminars and also paid for a Rich Dad Coach. I took on considerable debt in the process - and the monthly payments to pay for advice came to about $737. For anyone starting out who is working a typical job: that kind of debt servicing is painful. However, paying for advice is a FANTASTIC learning experience and will take you places. So yes, I do continue paying other people to teach me things in the forms of books, membership sites, and coaching sessions: they do cost money, but it is better to spend money and learn than to "save money" and not fail.

[maryalice]

Generally won't pay for startup advice because there is a lot of great free advice out there, but there are a few exceptions. I've paid a business coach when I was at a prior job to help develop my idea and give me the guidance and support to turn my idea into a business. I do think some people need help taking their idea to the next level and if you are having difficulty, getting personally tailored support can be valuable.

[vaughn]

No, it shoud not be a separate cost when someone is financing you, it should be included

[YAGOOFT]

Good question,

Like everything in life, there are no short cuts, and free advice is worthless unless applied, and sadly, here is the problem, free advice is not perceived as the best advice and as in human nature, what is free is worthless. Sure, you can succeed with free advice, and you can succeed with paid advice, but the bottom line is it is up to you to decide what you need. I have found free advice will only take you so far, and professional paid advice will take you where you want to go more quickly, so everyone must decide for themselves.

Success to all,

[mat87]

You just have to work hard. No drinking alcohol lol!

[mauricecowell]

It depends if this could really help the idea of marketing business. You can consult and get an advice from them so that they will give you the best information and advice for the startup business and you can get idea from them as well.

[jasminelane]

I think those are professional business adviser only they do charge for it.I will never charge for giving business advice.

[jacobedawson]

Just thought I'd chime in here as I saw recently that there's a website called Clarity.fm where you can pay to have a phonecall with startup gurus like Eric Ries, Dave McClure, Mark Cuban, et al, rates are from $4 (McClure) up to around $160 a minute (Cuban!!!), so it's not cheap, but you do get to talk to the best of the best so for some people it might be worth it!

[Paul E]

There is plenty of free advice. Most of it is good but much of it is theoretical and general. What a new entrepreneur needs is a truly experienced business person as an advisor. Not just a cheerleader.

Paying for experienced and personalized advice is usually worth the cost. However, sometimes the value of advice cannot be truly quantified in the short term.

It is particularly important to have an experienced guide when you are dealing with a complex and/or capital intensive startup. You have to ask yourself what kind of decisions will you will have to make and most important what do you NOT know?

Paul
Frontline Plans

[John_yeo]

My answer for this is NO. Like my friend in marketing industry and my actual experience is "Higher Price not equal to better service or product"; Some products in this world is indeed free and valuable to those who treasure it. E.g Does our parents charge us anything for their everlasting patience, advice and guidance. Will you ever consider charging your loved ones for your 2cents worth of advice. The answer is NO.

As for me, I am currently running a sales and development company in Singapore, 1 of the many companies that I am currently running. Our company provides advices and business solutions to any companies from facing any forms of business problems, feeling a need in improving their current business operations to just simply increasing their sales turnover. Fee Free to drop me an email or visit us at our website. CONSULTATIONS ARE FREE, but other related work is not.

[John_yeo]

I know that there have been some responses that indicates that they welcome "PAID" advice. But the thing is that are there advice reliable and trustworthy? My own personal experiences in this matter is so : I used to engage a couple of "professional" advisors in their particular industries and paid them for their so-called professional advices. But what I get are "a few lines of nonsense and rubbish" which would turn up worse than if I had not actually do things my own way.

[sumukhrao]

'Would you pay for startup advice?'

Only if the background of the involved Mentors suit the bill!

I'd primary look into their previous customers and probably, with their consent, have a quick chat with the successful Mentees' and definitely give it a shot. After all - no business is bad business.

Ironically, this company, MentorSquare, provides online business advice with readily accessible videos from their Mentors!

The first video talks about the Early stages in a business - When an idea becomes a business! and includes whether all the necessary precautions required to start a business have been measured.

Check out their 'Way Forward Program' which consist these videos..

Company: MentorSquare
Program: Way Forward Program

Regards.

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[SirCharlesDawson]

Well, if a successful business person offered to personally help me grow my business, avoid their past mistakes, learn their strategies for success, and let them hold my hand through the process all for a certain amount of money?

I think that is a valuable investment in self and future.

Don't have to really think about it, if you know you need it