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10 lessons every entrepreneur should learn

Fortune Logo By Chuck Templeton of Fortune | Slide 1 of 11: Chuck Templeton, stands in his Lakeview, Illinois, backyard on Tuesday, May 24, 2011. Templeton is part of a new Chicago startup called OhSoWe, in which neighbors can borrow tools and other household items. (Brian Cassella/Chicago Tribune/MCT)

How to navigate the information tug of war

Starting a business is like mountain climbing in Antarctica — successful climbers focus on the next 20 feet, not the peak, says Chuck Templeton, founder of OpenTable.

Undoubtedly, as an entrepreneur, you’re going to get a lot of advice from a multitude of sources—friends, partners, mentors, and investors—about what it takes to run a business. Some of it will be useful and some of it won’t. Knowing who and what to listen to can be tricky not to mention overwhelming. I experienced this confusion firsthand while founding OpenTable, and I see how it affects the entrepreneurs I mentor today. So here’s my best advice for navigating the information tug of war that inevitably happens when you start a business.

© Brian Cassella/Chicago Tribune/MCT/Getty Images

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