What Makes a Good Startup Advisor?

When starting a new business venture, having a good startup advisor can make all the difference. A startup advisor can provide guidance, support, and valuable connections that can help a new business succeed. But what makes a good startup advisor? Here are some key traits to look for:

Experience

A good startup advisor should have relevant experience in the industry or field that the startup is in. This can include experience in entrepreneurship, management, finance, marketing, or other relevant areas. A startup advisor with relevant experience can provide valuable insights and advice based on their past successes and failures.

Availability

A good startup advisor should be available to provide support and guidance when needed. This means being responsive to calls and emails and being willing to meet with the startup's founders regularly. An advisor who is too busy or unavailable may not be able to provide the support the startup needs.

Connections

A good startup advisor should have a strong network of contacts in the industry. These contacts can include potential investors, customers, or partners. By leveraging their network, the advisor can help the startup make valuable connections that can help it grow.

Objectivity

A good startup advisor should be able to provide objective advice that is not clouded by personal biases or interests. This means being honest and transparent in their feedback and recommendations, even if it may not be what the startup wants to hear.

Passion

A good startup advisor should be passionate about the startup and its mission. This passion can be infectious and help motivate the startup's founders to overcome challenges and stay focused on their goals.

Adaptability

A good startup advisor should be able to adapt to changing circumstances and be willing to pivot the startup's strategy when necessary. This means being flexible and open-minded, and willing to take calculated risks.

Trustworthiness

A good startup advisor should be someone the founders can trust. This means maintaining confidentiality and respecting the startup's intellectual property. A trustworthy advisor can build a strong relationship with the startup's founders based on mutual respect and trust.

Hire a Startup Advisor

A good startup advisor can make a significant difference in the success of a new business venture. By looking for an advisor with relevant experience, availability, connections, objectivity, passion, adaptability, and trustworthiness, a startup can find a valuable partner who can help guide it through the challenges of starting and growing a business.

Upthriving is a fully integrated startup growth service for entrepreneurs that have built a product with market fit. More than a startup advisory service, we execute projects that maximize revenue for your business while you focus on building the product.