Entrepreneurs have a secret weapon that anyone can invest in to get ahead. For me, it costs $400 a month.

Detailed summary

Coaches, mentors, and networking events can help entrepreneurs learn faster, get unstuck, and grow their businesses.

Bill Gates famously said, "Everyone needs a coach. … We all need people that give us feedback. That's how we improve." The best athletes have coaches in their corner. Influential business leaders and CEOs have advisors in theirs. No matter how talented, successful, or wealthy someone is, they're rarely doing it entirely alone. And coaching isn't reserved for people at the top. I hired a life coach at 31. I pay him $400 a month, and it's some of the best money I spend. I wrote about why here. Many business owners have told me something similar about the mentors, coaches, and classes they invest in: Bet on yourself, they say. It can pay off.

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