Mentors and You Why the requirement

by August 3, 2018 0 comments Blog

5 reasons to find the right mentor for your startup

Are you planning to start your own business? Do you have some ideas which would generate more revenues according to you? Are you finally a proud owner of startup?

Be on any stage of a startup, having a mentor is essential to your business. Now, we have heard this term a lot of time, but who is a mentor? According to Eric Parsloe, Director of the Oxford School of Coaching and Mentoring, a mentor is someone who, “supports and encourages people to manage their own learning in order that they may maximise their potential, develop their skills, improve their performance and become the person they want to be”. Mentoring is usually done for free with the mentor looking forward to share their knowledge with the young entrepreneurs.

Do you know Late Steve Jobs have mentored quite a few CEOs at the initial phase of their life like, Mark Zuckerberg (Facebook), give crucial advice to Google cofounder, Larry Page?

5 advantages of having a mentor guiding you at every step of your startup:

  • Experience sharing: A mentor is someone who is there to help you with your career by providing feedback and sharing his experience. Live experiences are different from what you’d read in the books. Many author don’t include the personal touch in their books. A mentor’s experiences teach you how you can deal with similar problems in a better way.
  • Network sharing: Mentors are generally people who have been into the field for a longer time and have created a vast network. They would like to help with their network of people as and when the need arises.
  • Motivation and encouragement: Many businesses starts off at a great pace but then fails after a certain period of time. At times you feel like you cannot continue, these are the times when your mentor step in and boost your morale, motivates you and encourages you to continue. They are there to listen to you and your problems and help resolve them.
  • Different perspective: When you have an idea and you have put a lot of thinking into it, have thought about it from every possible angle and are confident about you, it is always better to have a different perspective to the same plan. A mentor gives you the outside perspective along with suggestions to better your plan and course of action.
  • Objective assessment: A mentor will never be bias towards your idea and will keep asking you questions about your idea, its practicality and viability. They’d assess your ideas and plan objectively. This will help you understanding the shortcoming of your model and give out reviews helpful in the growth of your startup.

Entrepreneurs can learn a lot from their mentors, maintain relationships, widen the network, take smart decisions and implement the advices provided by their mentors.

Find a mentor who clicks with you and hop onto the path of growth and prosperity with them. Here at Mentorally, we help you connect with mentors from around various industries. We help you choose the right mentor for your startup. Register with us at http://www.mentorally.com/.

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