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Why Every Entrepreneur Needs a Mentor

Business and Career

Why Every Entrepreneur Needs a Mentor

Throughout the process of starting a business, from thinking of an idea to actually opening your doors for business, seek out help to ensure your success!

Mentors can provide guidance, wisdom and direction and with a wise application, that can sure lead you to success.

During the first few years of your business’s life, you will need a mentor…someone to turn to for advice and support.

A mentor is someone who has been there before…they are experienced, successful, and can provide critical guidance to help you make an informed decision with your business.

A mentor is almost similar to a business investment; research has shown that 70% of business owners who were mentored double the survival rate of non-mentored businesses.

As a business owner, you can decided to use family members, friends and colleagues as mentors although when selecting a mentor, you have to be sure that you select someone who can provide the right kind of information and guidance at the same time.

Finding a Mentor

Below are some ideas on finding and working with a mentor for your small business

Try utilizing our connect category that allows you to find a mentor in any field of endeavor.

Mentors can be successful family members or members of the business community you admire or aspire to become. Look within your network – whether you have admired a business owner from afar, or know someone in your previous employment that you respect and value for their business insight; you have nothing to lose in approaching and asking these individuals if they would consider being your mentor.

A mentoring relationship is unique and can be a valuable resource for you and your business. There are no specific rules for developing a mentoring relationship; however, you should respect each other’s contribution to the mentoring relationship, and recognize when you need to change the relationship, move on, or step it up.

Mentoring requires communication, so try to find a balance between being too demanding and respecting your mentor’s boundaries.

LinkedIn is also a good place to find a mentor, you can search among your connections to see if there is anyone doing anything similar to what you are already doing or what you intend to do. Send a message to them and provide a good reason why you want them to be your mentor.

When people know that their insights will be valuable, they never hesitate to share.




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