Do you know the meaning of the term ‘Mentor’?
Of course you do! And if you are a young entrepreneur then you are probably looking for one! Every great person, may or may not have a woman behind them but there is definitely a mentor. If you take a glance at the now historic times we live in, you will notice that every great man in any story had someone to learn the trades of the business from. However, very few of you may be aware of the fact that the word is actually the name of a person. An ancient person from the Odyssey! How come the name of a person became one of the most crucial roles in the business world?
And the answer is the great vision & perspective a mentor brings to the plate for any entrepreneur. Let’s take a look at a few well-known examples of such mentor-apprentice duos which you all know.
All of these apprentices rose to greatness, because of the foresight & vigor their mentors inculcated in them. So what is is that makes ‘A Mentor’, very crucial part of your startup success. Let’s count some pros of having a mentor.
If you have a new business idea which you want to turn into a sustainable business, then you will constantly face situations where you “don’t know what you don’t know”. Despite that hurdle, you cannot afford to stop as you have to stay in motion and make decisions regardless.
Being an entrepreneur means that you need to be smart as a whip to be able to come up with tactical ideas. However, at the same time, you also need to be good at devising long-term solutions, which can work in sync with your business progress. Now that is a ‘Fight & Flight’ both impulses triggering in at the same time, and times like these it’s possible that, well..you’ll shit the bed!
To make sure that you won’t do the aforementioned act, mentors are necessary. You do not necessarily need any industry titan, but just someone who knew the work and hustle was required to succeed. You cannot learn how to make a pineapple juice by someone who has no experience in doing it. So if you expect a certain foresight within your mentor, pick someone who has had the 1st hand experience at start-ups.
See them as Accelerators:
How do you get yourself a startup accelerator? By proving the value it has for the business world & society. It’s all a game of numbers & as it should be because no profit has ever been counted at zero! So its necessary that you chose a mentor who can introduce you to the world of entrepreneurship, writing, and executive management. Learning all these aspects improve your growth rate, which if kept consistent, can help you achieve your ‘Break-Even Point’ sooner than you may anticipate.
70% of the mentored start-up businesses succeed because they have a mentor to drive them through their journey. A mentor can help you look past your possible obstructions and see the weaknesses in your model. In addition to that, mentors can push your networking to a massive expansion level. As mentors are well-aware of the things going on in the domain, they’re able to pinpoint the drop-zones & help you eliminate them.
All the mentors are subjective to their experience & expertise, but if they are the right people for you, then they will help you transform your business. And the help you do get from them, won’t cost you anything extra apart from time & efforts. Mentors know they should not expect anything in return for their help from a financial standpoint.
So if you are looking for a mentor who can expand your horizons with new ideas, more people to your professional network, and your business to new opportunities, then stay tuned with us!
PickMyStory is coming up with a special segment which is going to be all about mentoring & we have couple of awesome mentors & their lessons In store for you. So do not miss the opportunity to directly connect with people who can help you get where you want. Because mentors are the people, who help you turn your startup idea in a viable business.
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