The 3 worst advice ever given to you as an Entrepreneur

Espen Kvelland
2 min readFeb 17, 2021

As an entrepreneur, there are so many people giving you advice. Some of the advice is good, but most of them bad. My advice is to listen to the people that have done it before. Many people advising you do it out of love, but they don’t want you to take a risk, leading to bad advice. Let’s face it. Most of the time, your parents will tell you to take the safe choice, not take a risk. It’s their job.

However, there are some people you choose to trust, and they still give you bad advice. I will mention some I came across.

You should show patience.

That is probably the worst advice I have ever gotten. I believe you should be extremely impatience. Don’t accept to wait for something that can be done today! Every task you get done today is one step closer to your goal. When someone says it takes one week, ask them what they can do in three days. To launch something faster is almost always better than waiting.

My advice: Be impatience, keep pushing and see how roadblocks and problems vanish.

Work smarter, not harder

When I hear people say that, I always think they belong in a big, bureaucratic and well-established organisation. And there is nothing wrong with working there, but the advice is wrong for you as an entrepreneur.

My advice: Work smart AND hard. When you combine brain, effective task management, structure with hard work, you become unstoppable.

That can not be done.

This one is epic. I mean, some things can not be done for sure. But if an “expert” tells you that it can not be done, have a serious look at his or her background before accepting it. People did not think it possible to fly before we did it or send a message through a cable before we invented the telegraph or even to have a global currency

outside of the established system before we got Bitcoin.

It’s not impossible most of the time; it just takes a bit longer to get it done.

My advice: Don’t accept people telling you it can’t be done before you conclude yourself.

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Espen Kvelland

I’m the CEO of Wakandi Group. We are a fintech aiming to digitalise the informal economy. I’m also the founder of Akeo, a leading Fintech development company