Ensure Entrepreneurial Success With A Business Mentor
Managing a business can be an exciting journey. You always have that goal to do and achieve things on your own. In this day and age where self-gratification is a common thing, many starting entrepreneurs feel great whenever they’ve achieved things just because they followed their instincts. But, this isn’t always the case.
As an entrepreneur, you may have all those amazing business ideas in mind. Still, there is a chance that you do not exactly know what should be done and when it should be done. When you want your business to grow, every step that you do and every decision that you make is crucial. This is where a business mentor comes in.
A business mentor has done this and done that. They have years of experience and have learned how to do things right. If you haven’t considered getting a business mentor yet, here are 10 more reasons that could convince you to do so.
Gain experience from others
Experience isn’t always readily available in the book. You may have learned important business principles from books you’ve read but nothing beats learning one’s experience than hearing it from that person himself. Some authors may not be comfortable in sharing some of their experiences in books. Some experiences could even be too personal for them to share. Having a business mentor is a surefire way for you to gain experience from others. You’ll be able to learn how they were able to get through difficult times in their career which could help you avoid or overcome similar situations.
Increase your chances of success
Unknown to some, most successful CEOs have received mentorship. Even Facebook Founder Mark Zuckerberg was mentored by Steve Jobs during his early days. Mentors can check on your progress and offer timely advice. When you have the right mentor, your chances to achieve success can be increased.
Learn where you need to improve
Aside from giving you sound advice, business mentors can pinpoint areas where you need improvement. We often do not see our faults or even the faults that we are about to make. Yes, it is great to have someone who can boost our ego by praising us but it would also be great when we have someone who can provide their brutally honest opinion. By having a mentor, you will be able to see things in a different light. The constructive criticism that they offer can help you grow as an entrepreneur. You will know in which areas you lack and how you can improve on those areas.
Get unfiltered opinion
When you have a business mentor, you have someone whom you can share ideas to. As a starting entrepreneur, you may have all these ideas on how to improve your business and on the products and/or services that you offer. You can share these to your mentor and get his unfiltered opinion about it. Your mentor will be able to guide you as to which of your ideas have potential and which of those should not be done.
Grow your network
Your business mentor will not just provide you with the advice and guidance that you need. You will also be open and have access to his own network of businessmen and influential people. Investors and other successful businessmen prefer to work with entrepreneurs who have been recommended to them by their friends or by trusted people in the industry. By having a mentor, you will be able to have a network of people who can help you with your business. This kind of opportunity can be difficult to have unless you have a business mentor.
Develop self- confidence
When you have a good business mentor, you will not only learn about the different aspects of running your business. You will also learn how to develop as a person and gain self-confidence which is very important in having a successful career. A business mentor gives a positive effect to starting entrepreneurs. When you have a mentor, you won’t have to worry that much as you know that there is someone who can guide you. They give you a feeling of reassurance and allow you to see an opportunity in every challenges that you face.
Stay longer in the business
We all know that, unfortunately, not all startup businesses will survive in their first year. This can be caused by a variety of factors ranging from not having enough support to starting a business venture that they lack knowledge and experience on. When you just think about the number of business that failed, it can be scary. You might have these fears in mind too. But, when you have a mentor, you will worry less about such things and focus more on what you can do to make your business better.
There are times when failure cannot be avoided. When you are not able to achieve your goals or meet your expectations, you could feel down and depressed. This could affect your productivity and attitude towards your career. Your business mentor could give you encouragement and keep your head up high. Failure cannot be avoided. Even successful entrepreneurs have their ups and downs. Aside from giving you positive words of advice, they will also give you ideas on how to navigate your way out of these difficult times and focus on success.
Most startups like to go all out. Some would not even set boundaries for themselves and just do whatever it is that they think is good for their business. With a mentor, you will learn discipline and set boundaries that you were not able to do before. Your business mentor knows that the path to being a successful entrepreneur can be challenging. You will learn good work ethics and set your priorities.
Learn from someone you can trust
When you’re running a business, it can be difficult to know who you can trust. Your business mentor can be trusted. He can offer you sound advice as he is just a third-party and does not have any stake in your business venture. You can trust that he will keep any information confidential and will not share it to someone who could take advantage of it.
Those are the reasons why having a business mentor makes sense. Some people have a misconception that having a business mentor can be a sign of weakness. That is NOT TRUE! Having a business mentor proves that you have the drive to achieve success and is wise enough to know that you will need valuable lessons from someone who has more experience than you.
If you are in need of a business mentor, feel free to talk to us at M Business & Marketing Solutions. We provide valuable business mentoring to our clients. Contact us today and let us discuss your needs.