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James Price is a serial tech entrepreneur, and teaches entrepreneurship and innovation at Michigan's Ross School of Business.

Something I love to do when I get a chance is help friends who are starting businesses. It’s particularly rewarding with first-time entrepreneurs, and – I guess this is obvious – with folks who have the humility to know that they don’t have all the answers.

I listen to what they’re doing, how they’re approaching solving their customers’ pain, where they are in the company development process, and I give them simple, honest feedback. But I know I don’t have all the answers. (In fact, the more I learn, the more I realize I don’t know. It’s to the point where I’m asymptotically approaching being the dumbest person in every room I enter.) 

To read the original article: Entrepreneurs Have To Seek Veterans In Their Field - Business Insider