Importance of a Mentor in Success of Your Business

 

Entrepreneurship is about chasing a dream, a dream of independence, owning your own time, working with the luxury of your own priorities. It is a journey to get independence from reporting to bosses and following their ideas.

But this journey is not so smooth and glittering as it sounds. Entrepreneurs often hit many roadblocks and situations where they need a helping hand. This is where mentors come in. If you are starting a business for the first time, mentors are definitely the resource you should have. Mentors act as bridge between potentially successful business and successful business. This is why importance of mentors in business can never be ignored.

Most mentors are successful business owners and are through with most of the blockers you could face in your entrepreneurial journey before they tasted success. In this regard, their views can be valuable for your business. So, the idea of having a mentor takes you out of the “unknown” and creates a collaborative environment where people with prior business experience can help structure your business better and take you out of any hurdles.

 

Where to Look for Mentors

Various Incubation centers and accelerator programs provide mentorship programs for budding entrepreneurs. where to look for mentorsSuch incubation centers not only act as places to support business,infrastructure and act as mentor but also help startups get angel and venture funding. Often many Angel investors for your business can also act as guides for your business.

 

Getting Along with Mentors

Most of the mentors are owners of successful businesses and are just willing to share what they’ve learned over years with others. You would also notice most of them are fairly helping and generous while sharing their experiences. However, at the same time it becomes equally important to understand that how often you take help of your mentors is deciding factor in how you get along with them in longer run. Also it depends on how well you gel with your mentor. Mentors have very precious time and hence it is important to use their time wisely. For advises taken occasionally (like one in month or 2 months) and advises which do not consume much of time, it is fine to consult them and take their view and respect their help with a thanking gift or card. For regular advises though, you may think of asking them to be a part of your regular board of advisers so their time is equally valued by the share they have. If your mentors are kind enough and have time they may be interested to join you in this way.

 

Mudit Khandelwal
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Mudit Khandelwal

Founder & Columnist at Venturepapa.com
Mudit Khandelwal is the founder and Chief Columnist at Venturepapa. He is an Electronics Engineer by education and has worked in multiple organizations with various businesses (small or Fortune 500). Always willing to be an entrepreneur, he started his entrepreneurial journey with an ecommerce website, later moving to software consulting and blogging (which happens to be his old time passion as well). Mudit is an avid traveller and you can find him going on nature trails very often.
Mudit Khandelwal
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