Do You Need A Business Mentor?

A lot of people are eager to do something different with their lives, something entrepreneurial, but often don’t know where to start. Others have managed to start a business, but at some point later on might end up feeling stuck and unable to take it to the next level. In reality, one of the two scenarios happens with the majority of new entrepreneurs out there, because let’s face it – starting a business is not an easy task, let alone for people without any prior experience.

So what happens when you suddenly find yourself struggling in these situations? Do you give up? Do you let your dream become one of the 9 ouf 10 start-ups in the UK that end up failing? The answer is no. No, giving up is never the right option, especially when there are people out there who can help you get through those rough patches.

I’m sure you’ve heard of business mentors before. But, what is a mentor? A mentor is essentially someone with plenty of business knowledge who is willing to provide you with advice and guidance on how to cope and develop your company. It could either be someone you know and admire such as a friend or a family member, or even a professional whom you can hire to do the job.

Richard Branson, Larry Page and Steve Jobs have all received advice and guidance from business mentors at some point in the beginning of their careers. In fact, most successful entrepreneurs have benefited in one way or the other by trusting other more experienced individuals.

Even experienced tycoons can reap the benefits of hiring a mentor. One of the most common obstacles businesspersons need to overcome is their lack of motivation and self-confidence at times. That is where a mentor can come in most handy. Having someone who believes in you can make a real difference in running a business. I often find that people who have everything it takes to succeed have no idea how great they really are – not only will your mentor know that, they will also make sure you fully understand it.

If you’ve recently started a new business, chances are you are under the impression that nobody else would ever be able to appreciate the problems your own start-up is facing. Each business is unique, right? So how on earth would a complete stranger walk in one day and tell you how to run things? While that is a typical perception, it is entirely wrong.

Trust me when I say you would be surprised to find out how many people have been exactly through the same issues you are going through at the moment no matter how different the type of their business or product might seem. The main business principles are always going to be the same, despite all the emerging business models or distribution channels that deceive people into believing they are all alone out there.

Recognising and accepting the need for a mentor is actually one of the wisest and most courageous decisions you’ll have to make as a recent entrepreneur. Having the right guidance at the initial planning stage of a start-up is crucial and will definitely help you dodge a lot of the mistakes you would have undoubtedly make otherwise.

At the end of the day, you are the only one who can judge whether you could use a business mentor or not. One point I would like to make clear with this article is that accepting to hire a mentor is not a sign of weakness or incompetence to run your business. It is a sign of strength, wisdom and resourcefulness.