At the age of 19, Mr. Warren Buffett was mentored by Benjamin Graham, Mark Zuckerberg was a mentee of Steve Jobs, and Oprah Winfrey was mentored by Maya Angelou. Like them, there are various real-life instances where we find that people from all walks of life had reached out to a mentor at some point in their life.
The above example shows that no one can alone achieve everything in their life, we all need someone to encourage us on the right path, guide us through tough decisions, and bring the best version of ourselves.
Especially when we talk about entrepreneurs, it cannot be stressed enough how vital mentorship for entrepreneurs is.
In this blog, we will get to know the 4 essential values that a mentor provides in an entrepreneur’s life -
They Provide a Direction to Your Ideas
For entrepreneurs it often happens, that they have a lot of wonderful ideas, they are about to launch a product or have just started their business, still, they feel they are close to nowhere. Why? There is so much going on in their minds, that it’s hard to get the clarity and that’s where a mentor rescues you.
A mentor has various experiences to share with you, and it’s not just professional, it’s on a personal front. So if you feel stuck in any problem or challenges you must seek out a mentor. They have already been through that storm so they will not only save your time but also add value to your life.
They Give you Precise Feedback
Do you know one of the amazing benefits of having a mentor is you will get expert feedback? Of course, they will share their success journey with you, but make sure that you are aware of their mistakes too. As an entrepreneur, it is normal to fall into the trap of the glamorous success that you see or hear around you but have you ever thought about the rejections, the failures, the obstacles, and the resilience behind the success? No, you cannot see that because you haven’t had any experience. You will eventually, and that’s when a mentor provides an anchor to your life, shares his/her insights, and make sure that you are not alone in this journey.
They Welcome you to Their Network
Have you had those days when you were doubtful about whether or not you need a partner for your organization? Yes, I am sure you must have had the anxiety to share your company’s ideas with merely an acquaintance or assigning an important role to a particular person. Of course, you should be careful about whom you make your partner but that doesn't mean that you will stop connecting with people.
Mentors understand this hesitation of not reaching out to people and that is why they welcome you to their vast network where ‘meeting’ is not just for business or fund or for a partner. The mentor will wash away this illusion by inspiring you to establish strong professional relationships with diverse industry experts.
He will be your best ally and that is why mentorship for entrepreneurs is encouraged everywhere.
They Will Create a Motivating Environment
Sometimes it is difficult to manage everything on your own because there are days when you have to take charge of every major decision. As a result, you feel exhausted and will prefer to not work after that. See taking a pause from the present situation is good but getting distracted for a long time will lose you opportunities and money. If you got a mentor then you can save yourself from these things. How? They will not only explain the why and what of motivation but also share the resources with you so that you only focus on the right things, he will let you talk to him so that he can assess your issues and provide a customized solution.
Always Think Long Term
I hope you all must have understood why mentorship for entrepreneurs is emphasized. It is not difficult to search for a mentor who holds expertise in your industry, there are various one-on-one mentorship programs where you can enroll yourself. But then keep in mind that you need to do this for the long term. It takes time to understand the nuances of a person, here it is about your business so a long-term mentorship will help you and your mentor to understand the challenges and the idea. You will be surprised to see the success that you have achieved with the mentor by your side.
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