How will Mentoring Develop You into a Better Entrepreneur?

A mentor usually comes from a seasoned background and has been through troubled times but still came out successfully
  • BY Jaspreet Kaur

    Feature Writer, BusinessEx

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  • Jul 22,2021
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  • 13 Mins Read

Mentors can help identify ways to grow your business and probably help you avoid common pitfalls. Many entrepreneurs make the mistake of skipping this step because they think they already know everything they need to know. The truth is that only a few people are born with the right brains and personalities to be successful in business.

To succeed in business, one must be able to adapt to different situations. Mentoring gives a much better opportunity for this because a mentor is someone with vast experience and knowledge. A mentor usually comes from a seasoned background and has been through troubled times but still came out successfully. You can learn a lot from reading books and talking to other successful people from the field but nothing can replace a mentor. This is especially true for young entrepreneurs who are just starting on their own.

Mentors - a Source of Enlightenment for Young Entrepreneurs 

Mentors are that extra pair of eyes that are very hard to find. They can help identify problem areas and suggest possible solutions. They will also share their experiences, something a student doesn't get to experience. Mentorship can help a budding entrepreneur learn various techniques on the subject of business. The count of mentors is increasing gradually; as a result, you can easily find mentors in Kerala, Maharashtra, or any part of India. 

Once you start a business of your own, you will not have much time to check on the mentors. In some cases, your mentors may stick around for years after the generation they mentored is all retired. Good mentors are people who love what they do, who continue to learn and think about their field, and who are generous with their time in helping others. Beware of consultants or advisers, who will probably want you to hire them instead.

Irrespective of your future vision or business size, having a mentor is paramount today or else, you probably step on the wrong path. 

Unbiased Decision 

Mentors are uniquely positioned to provide unbiased advice to founders as that advice is aimed at producing optimal outcomes. To achieve success, every startup needs mentors. Mentors are business people in a position who can give advice and connections. Mentors help you navigate the social network of businesses. 

There are a lot of mentors out there in the world, but it's hard to find a good one. Listen carefully for how much your mentor talks about himself or herself and how much they talk about you and your business. Find a mentor who doesn't focus on themselves very much. If someone seems to be talking more about themselves, then you can bet they're not a good mentor for you because they're not going to be good at teaching you or helping you solve hard problems.

Keep Things on Track 

To lead a successful business you have to be organized. It is the way you will stay in control. You cannot do it all yourself. You do not have time. So you need systems, processes, reporting procedures, and mentors.

Mentors help entrepreneurs. They can help in lots of different ways, but perhaps one of the most important is to help you with the organization. A mentor can teach you to become organized and this is important because without organization nothing else will be possible.

Reciprocate Clearly 

Mentors communicate clearly with entrepreneurs. They do not leave any room for miscommunication. They display professionalism and competence to help the entrepreneurs in need of guidance.

Mentors are a very important component of any successful startup. They communicate clearly with entrepreneurs. Many of the miscommunications between the entrepreneur and the investor can be corrected at an early stage by using a mentor.

These aspects of a mentor are passed on to an entrepreneur while mentoring, in turn, bettering entrepreneurs for the future. Therefore, entrepreneurs should not hold to their visions but embrace lessons from mentors as well. while searching mentors, entrepreneurs should also not follow prominent mentors but look for mentors in their regions such as mentors in Kerala, Karnataka and West Bengal, etc. 

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