I had lunch today with a new friend who has recently left a career in the corporate world and started his own business. Though quite an experienced and knowledgeable guy, he's new to running his own business, and, while looking forward to the personal rewards of working for himself, he also recognizes that there's some things that he doesn't yet know.
We talked a bit, and I shared some of the lessons I've learned in seven years of owning and managing my firm. I told him some things it took me years to learn - a few of the things I wish I knew back then. And I shared with him one thing that I did that I've found has benefited me: making some key advisor connections. Let me explain.