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2012-04-27 00:00:00GeneralEnglishMentors for Entrepreneurs for Entrepreneurs – Must-Have!!!

Mentors for Entrepreneurs – Must-Have!!!

2 min read

History is witness to the fact that a student-teacher relationship, when metamorphoses to a mentor-mentee relationship, kings are crowned, dynasties established and opposition overthrown. Much what Chandragupta Maurya and Alexander achieved in the able tutelage of Chanakya and Aristotle respectively.

Both these learned gurus helped shape the character and paths of two of the greatest kings in ancient history. In ‘kalyug’ or the new-age, business enterprises are nothing less than kingdoms that require both day-to-day management as well as strategic thinking.

Getting started on a business idea and launching it, is just the start of the game of managing your sails as you steer through innumerable ‘weather conditions’, nay business/market conditions. In your business journey, you will face a lot of hurdles and make a number of mistakes.

Of course, there will be your friends and family, ex-colleagues, web content and periodicals to give you information, suggestions and supposed help. Then there are consultants, coaches and networking contacts who can share their expert knowledge in particular situations. But it is only a mentor who can share his wisdom and experience with you on demand. Who is a mentor?

A mentor is an individual with vast entrepreneurial knowledge and business experience who is willing to share his experience, wisdom and expertise.

Why he would be a mentor?

• Many successful individuals would agree to do mentoring as their responsibility towards the community. • They get to hone their skills as a teacher, consultant and guide. • They like to interact with young and aspiring entrepreneurs with new ideas. The following are the benefits that you get from a mentor:

Being there: Most often than not an entrepreneur flies alone, so a person who lends an ear always helps. A mentor will listen to your ideas attentively and understand them fully. Most importantly, he would be there when you need him the most.

Sharing Experience:

He has been there and done it all! He might not be from your turf or he might not be updated with the newest technology and trends. But what he would have is his wisdom and experience gained over the years through mistakes and successes that he would impart to you.

Planning and strategizing:

Through proper planning and focused strategies, he would navigate you through challenges and tough situations. Moreover, a mentor would also keep you focused on your short-term and long-term goals and help you achieve them through support and necessary resources.

Lending encouragement:

He would encourage you in your ideas and lend a positive feeling for undertaking constructive risks. On the other hand, he might criticize you on your performance if he thinks you have deviated from the goal or urge you towards self-evaluation.

Building Contacts:

When you need to find investors, equipment and legal/accounting advice, your mentor has the necessary contacts and knows where to find the must-have information. Furthermore, a mentor urges you to build and maintain your own list of contacts.

Long-Term Relationship:

A mentor plays an important role in the careers of most successful entrepreneurs. He helps you build your strengths to avoid pitfalls and overcome challenges. The relationship based on trust and mutual understanding evolves over time and often grows into strong friendships. Finally, as Bob Proctor, Author, Speaker and Success Coach says, “A mentor is someone who sees more talent and ability within you, than you see in yourself, and helps bring it out of you.” How about confiding your business-related aspirations and fears with such a person then and getting help in becoming ‘business-fit’? *********************

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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