Tag Archives: entrepreneurship

Benefits of a mentor for entrepreneurs and employees

Benefits of a mentor

Many entrepreneurs and small business owners try to take on all the challenges, obstacles, and complications that prevent their businesses from succeeding. Two important driving forces of entrepreneurship are independence and a strong sense of self-confidence. This is when a mentor can help guide you to success.

For any entrepreneur, small business owner, or employee, a mentor is like having a big brother. A mentor can be many things from giving an occasional useful tips to providing support, knowledge, and encouragement to you to help you achieve your career goals and dreams.

For employees, there is increasing pressure to do more and contribute to the company. Often this means being more focused and knowledgeable with fewer resources and support. If you feel that your are continuously under pressure to keep up, increase your skills, and demonstrate your talents simultaneously, don’t worry you are not alone.

A mentor must be someone you who has more life experience than you, someone you like and admire, and thinks and shares your values and morals. A mentor can provide you with an invaluable informal education. Even Larry Page, Steve Jobs, and Richard Branson received guidance from mentors. It does not matter who you are or what you have achieved, a good mentor is an invaluable asset in any person life and business.

“A lot of people have gone further than they thought they could because someone else thought they could.’” – Zig Ziglar

There are countless benefits of having an experienced mentor on your team. Here are few benefits of having a mentor:

  • A mentor can offer you expert advice and guidance based on their actual experience.
  • If you have an idea for your business or product then having a mentor to bounce these ideas off can help you plan and organize how to put them into action and make them a reality. Your mentor may be able to see potential pitfalls and opportunities.
  • Having a good mentor does not cost you a cent except for time. A good mentor will never expect anything in return for the help they are providing.
  • A mentor can help to find and highlight both your strengths and weaknesses in your business model. It is very easy to develop tunnel vision as to the best way to achieve your career goals and objectives.
  • If you find the right person to mentor you then this can develop into a life-long relationship and sharing go of knowledge and experience.
  • It’s all too easy to get distracted these days so having someone to help you stay on track and focus your attention on the important things will help you maintain your personal growth and smash your professional targets.
  • There are time you want to vent your frustrations but cannot do this with partners, employees , or customers without causing instability. Mentors can help you vent and solve the causes of your frustration.
  • With the knowledge that you have a credible mentor on your team can provide you with that self-confidence when facing difficult business situations.
  • You can gain a different and fresh perspective to all your questions, confusions, and ideas.
  • You don’t have to stick to one mentor. Multiple mentors will allow you to borrow bits of expertise from lots of different people to compile a comprehensive, well-rounded cache of knowledge.
  • Starting and running a business is difficult and there are always many challenges during the early stages. Many business owners go through the same struggles and this when a mentor can provide encouragement and first-hand knowledge as to how he or she overcame these situations.
  • Not only can mentors help you improve your business skills, they can also help you with methods and strategies that will benefit you throughout your career.
  • Any good mentor bring along a network of industry connections that can open doors for you.
  • A mentor can help you with those skills that you lack or are struggling with.

Practical ways to become a better entrepreneur

Entrepreneurial Skills

Do you want to become a better entrepreneur? Every entrepreneur wants to learn and improve in some way or another. There is no one magic answer or solution to become a successful entrepreneur. However, one common trait of most successful entrepreneurs is their desire to self-improvement.

No matter how you define success, there are many common characteristics that are shared by successful business people. Even if you don’t match up to all of these characteristics, don’t worry; most can be learnt with practice and with a winning attitude. Set realistic goals and apply your mind through strategic planning. Make sure you set incremental goals and measurable stages.

There are many things one can do to become a successful entrepreneur. Some of fairly obvious, while other may not be. Here are a few ideas on how you can become a successful entrepreneur:

  • Follow your passions and do what you what you enjoy. If you don’t do what you enjoy, this will most likely reflect in the success of your business.
  • Invest in yourself and take a short course and continuously build and grow your skills.
  • Hire a coach to guide and mentor you.
  • Understand your strengths and weaknesses. Confront and work on your challenge areas.
  • What ever you do, make sure you believe in what you do and take your business seriously.
  • Constantly write and publish a blog to improve your personal brand.
  • Use a professional high quality headshot for your social media account and place a face to your name.
  • Create a competitive advantage and differentiate your business from your competition.
  • Make sure to develop a realistic and effective plan.
  • Review the reason you started your business every quarter and think about your goals and objectives you have set for yourself.
  • Balance your work and personal life.
  • Accept criticism, no matter who gives it to you.
  • Remember that your business is all about the customer. Get to know your customer and offer personalized attention.
  • Learn from your own mistakes.
  • Learn from other people’s mistakes.
  • No business can succeed on its own. So surround yourself with a top-moth business team.
  • You don’t always have to innovate; there is nothing wrong with copying.
  • Don’t let emotions cloud your decisions.
  • Update and optimize your LinkedIn account and profile.
  • The lifeblood of any business enterprise is cash flow, so manage your money wisely.
  • Find and read some inspirational books and grow your knowledge.
  • “There is an app for everything”, so let the app do the work for you.
  • Avoid taking shortcuts that might appear to be shiny opportunities. True quality is only achieved through focused effort over an extended period of time.
  • Don’t be afraid to have those difficult conversations both at work and home.
  • Take the time from your busy schedule to pause and reflect.
  • Take care of your health and exercise. Exercise transforms the brain by enhancing blood flow, oxygen, and increasing mental energy.
  • Present yourself in a professional way. Be aware of how you dress and look.
  • Never be afraid to try new things and accept failures along the way. Any path to success has bumps along the way. Failure is a way to improve your ability to succeed.
  • If you work from home, don’t forget to create a regular work schedule that includes time to stretch your legs and take lunch breaks, plus some days off and scheduled vacations.

Hopefully these suggestions will help you improve your entrepreneurial skills. Improving yourself does not happen by accident or overnight. If you truly want to be a better entrepreneur, grow your business, make an impact and difference, then you need intentional about changing.