Mentorship in Business

“Show me a successful individual and I’ll show you someone who had real positive influences in his or her life. I don’t care what you do for a living—if you do it well I’m sure there was someone cheering you on or showing the way. A mentor.” — Denzel Washington

Over the years, there been arguments on whether entrepreneurs need mentors or not, I have come to realize that mentorship in business is irreplaceable.

Here are the reasons
1. Knowledge and skills:
A mentor shares his knowledge with his mentee. Must times this knowledge share can not be gotten from books. It’s an unstated truth that most authors do not feel comfortable revealing everything about themselves in books. Some personal experiences may be too intimate to be shared, yet how they dealt with it can help an inexperienced entrepreneur’s career. With a mentor, you get first-hand knowledge and skills you need not only to start your business but also sustain it. Your mentor also helps you to develop your business skills.

2. Guidance and Advice
One of the biggest benefits of having a business mentor is having someone you can ask questions and get advice from. As a new entrepreneur, you are likely to get more advice than you ask for from people like family members, friends and the people who own the store next door. While some of their advice may be sound, your mentor can help you filter them, and guide you on the right path to follow. Your mentor from his experiences, advises you on more complicated business matters that your friends or family may not have a solution for.
Again as a new entrepreneur, you are bound to experience ups and downs, your mentor gives you someone to vent t. Once you vent to a mentor, you can often start the process of working with the mentor to solve the cause of your frustration

3. Seeing your business from Different Perspective
Business mentors can help you look at problems and situations from a new or different perspective than yours. Your mentor can help you look at your business through the eyes of a customer, potential investor or government official because he has dealt with these people often, and can help you understand how your business will look to these individuals. You can also put heads together with your mentor to solve your business problem or come up with new ideas for running your business. Two heads they say are better than one.

4. Network opportunities:
Your mentor helps you to expand your business network. Business mentors can put you in touch with contacts who can help you make your business more successful. a successful mentor has an unlimited network of people who can benefit your career The more networking you do, the more people you meet. And the more people you meet, the greater the odds are that you will have someone in your network who can help you solve business problems or help you expand your business reach. You can also foster a long-lasting relationship through which you and your mentor can continue to collaborate for the rest of your career. This will give you the consistency and resources you need to maintain a successful business.

5. Methods and Strategies:
In addition to simply giving advice and helping improve your personal business skills, business mentors can prepare you with a library of methods and strategies that you can pull from throughout your career as a business owner. They can not only tell you, from experience, how important it is to create a positive environment and boost morale, but they can also give you strategies for doing so. For example, mentors can help you learn strategies for observing employees see if they are happy at work, dealing with irate customers or handling financial problems

6. Reassurance and motivation:
A mentor serves as a source of encouragement to the new entrepreneur. When starting a business, hearing first-hand from your mentor about his experiences will help you realize that the struggles you are going through now will prepare you to be a better business person in the future. When the going gets tough knowing that you have a credible mentor to turn to can give you confidence when facing difficult business situations. A mentor who has experienced the highs and lows of running a business is in the perfect position to give positive and soothing words of advice to you when things refuse to go your way. Your mentor praises, encourage, reassures, and motivates you.

7. Discipline and correction
Your mentor serves as a disciplinarian for you. He corrects you when you are going the wrong way or start exhibiting characters or attitudes that will ruin the business. Many businesses have folded because there was no one to check the excess and correct the mistakes of the business owner before it became too late. Your mentor ensures you remain diligent, devoted and focused on the goals of the business without straying.

A mentor is indispensable to an entrepreneur as a mentor provides a shoulder for his mentee to stand, see further than and achieve more than he has. A lot of business fold up in the first few years business of lack of mentorship.

So go ahead and get yourself a business mentor before you start your business. Even when you have started your business without one, its never too late to get one.