An entrepreneur is a visioner who is a starter and an initiator. They are creators in starting something new in the area of business, an initiative or a company. An entrepreneur is ready to take up to undertake the risks that come with starting a venture to achieve the rewards that come from the business. Entrepreneurs are pace setters they create employment and help drive the growth of a countries economy. As an entrepreneur, it is essential to guidance as one ventures into it. A mentor plays a significant role in coaching and instructing an entrepreneur. Below are reasons to have a mentor as an entrepreneur.
Reason To have A Mentor
Experience and Knowledge
A business mentor will have a wealth of experience and are a valuable source of knowledge. This is due to the years they have been in the business field. Most have experienced the challenges that come with starting, managing and running a venture. The have undergone failure and success which are both great teachers and have drawn lessons from such experiences. As an entrepreneur, it would be good to learn from someone else lessons on the do’s and don’t of entrepreneurship. The mentor is qualified and able to guide the entrepreneur in the right path of business.
Encourage and Support
Mentors are aware of the challenges that come with running and management. They have passed through the same or almost similar experiences, understand such issues and can relate. Due to this, they become a source of support and encouragement to keep on moving. They will be failures before success is achieved and having someone to speak positive words during such dark times will go a long way in motivating one.
Advisers and Accountability
A mentor will offer advice that you can trust. With a lot of tricksters in the business world, there are very few that one can trust to give advice on what to do. Mentors will listen and give their opinion. They will also check on you to know what decisions what made and how things are progressing. This is of valuable importance to any entrepreneur for they have a trusted adviser who minds their interest.
One key aspect for entrepreneurs is networking. This is how an entrepreneur will get their business to grow and thrive. Mentors are a great source of connecting with people. They know and have access individuals who are in the industry. They also have access to networking events and forums and can provide this opportunity to their mentees, which would be otherwise difficult for one to access by themselves.