16. The Strategy That Can Save You Hundreds of Thousands In Mistakes
Published 2 months, 2 weeks ago
Description
You have access to more advice than any entrepreneur in history — and you're still making expensive mistakes. Here's what Solomon says you're actually missing.
In this episode, Shay unpacks one of King Solomon's most overlooked business strategies from Proverbs 15:22 — the difference between accumulating advice and having true personal advisors — and makes the case that the most costly business mistakes aren't made from a lack of information, but from a lack of trusted counsel from people who actually know you. She walks through why most entrepreneurs don't have this, what it practically looks like to build it, and how to identify and formalize your own personal board of advisors starting this week.
If you've ever made a hire, signed a contract, or launched something that didn't go the way you hoped — and you made that call alone — this episode is the one to send to yourself on repeat.
Chapters
00:00 The challenge of deep relationships in entrepreneurship
01:18 The cost of business mistakes and the value of counsel
03:36 Wisdom from Proverbs on counsel and success
04:34 The difference between advice and personal counsel
06:18 Who should be in your personal board of advisors?
08:42 Why entrepreneurs struggle to build these relationships
11:18 How to formalize your board of advisors
14:25 The importance of intentionality and sacrifice
17:36 Balancing business growth with personal priorities
22:15 Mentorship and peer support in entrepreneurial communities
23:38 Practical steps to develop your board of advisors
25:46 Making decisions with your advisors' feedback
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