• Laurent Notin

Why You Don't Need To Reinvent The Wheel

Updated: Apr 13

The most successful entrepreneurs have one thing in common: they seek knowledge and experience from people who have it.


In other words, they speak less and listen more.


I guarantee you will reach a point in your entrepreneurship journey when your experience is no longer enough. When that happens, the most efficient action to take is to reach out to people who can help you.


If you don’t, you will be stuck.


And when you’re stuck, you’re putting your business at risk.


So, do yourself a favor and stop pretending that you know everything.


It’s impossible anyway, we’re talking about entrepreneurship here. You only see the tip of the iceberg. And when you think you have cracked the code, you hit the next wall.


It’s like starting Olympic lifting by yourself without the help of a coach. It won’t take long before you hurt yourself.


One of the best things you can do for your business is to be humble about the fact that you need advice and require the help of others.


People outside your organization (other entrepreneurs, mentors, coaches, business leaders, etc.) are very valuable because they bring a different perspective on your situation.


In addition, they may have dealt with similar issues you’re facing right now, and therefore can provide you with some practical tips on how to tackle them.


Sometimes, there’s no need to re-invent the wheel.


I often say that the biggest risk you face is becoming the bottleneck in your business.


One of the reasons it happens is because everything is tied around you, and you remain isolated, on your own, trying to find all the answers by yourself.


Instead, learn from those who’ve been there before you or who are experts in their field. You will save a lot of time, achieve more, and boost your motivation level.


There are many ways you could do it:

  • Invest time and money in coaching, mentoring, training, and business associations

  • Build an advisory board

  • Be active in your ecosystem

  • Actively network both in-person and online

  • Have conversations and share experiences with your peers

  • Allow people to tell you the mistakes they made so you don’t make the same ones

  • Ask for help, give help, collaborate, even with your competitors

It doesn’t mean you will take every piece of advice that comes through. At the end of the day, it’s your decision on where you’re going next and how you do things.


But getting advice from others is absolutely key in making your company successful.

 

This article is an extract from my special podcast series The Entrepreneur Alphabet. Listen to the episodes on your favorite podcast channel or watch on YouTube.

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