#EntrepreneurshipSuccess #MentorshipMatters #BusinessGrowth
Hey there! 👋 So, I recently attended a business forum where the topic of mentorship came up. Some speakers claimed that having a mentor is crucial for success in entrepreneurship. But I can’t help but wonder, do all successful entrepreneurs really have mentors? Or is it just a fancy word for babysitting?
I’d love to hear from you all – have you had a mentor before, or do you currently have one? How has their guidance impacted your decision making and growth in your business ventures? 🤔
Here are some points to consider:
– The benefits of having a mentor in terms of networking opportunities and avoiding common pitfalls
– How mentorship can provide valuable insights and perspective from someone with more experience
– The potential drawbacks of relying too heavily on a mentor and not trusting your own instincts
Personally, I think a healthy balance between seeking guidance from a mentor and trusting your own instincts is key. What do you think? Let’s discuss and learn from each other’s experiences! 🌟
they probably sell mentorship services
1. Yes. Of course. Be strategic about who you build relationships with and seek advice from. Feedback, insights, and advice are all invaluable when collected and applied appropriately.
2. You do not pay or compensate mentors
3. Never blindly follow anyone’s advice. Always test.
4. YOU NEVER PAY OR COMPENSATE MENTORS
I had a few mentors over the years and it can be useful (not a replacement) for business education.
One thing worth establishing, is a “board of advisors “ .. These are folks from varying backgrounds who you know and trust to bounce ideas off of.
I have a number of people I can call and reach out to when I have questions or hit a tough point. Other people and owners with more experience in the industry (landscaping), some of them I only ask technical questions to, others I ask business questions to. I also have a business coach, who I paid as part of an accelerator program. He is not a mentor, but he helps me navigate next steps and assess what’s priority to be working on, and he connects me with resources and people who can help me reach the next level (other owners who can help me decide which CRM to use and how to set it up, an SEO service he trusts and knows will get results, etc.). They all have different roles, and at the end of the day I have to decide what’s right for me and my company and remember they don’t know it as intimately as I do.
It can supplement for years of experience.
Meaning, someone with 0 years of experience and a proven successful mentor will be able to achieve more and succeed easier than someone who has 3 years of experience but little-to-no guidance.
The principles of business can very well be taught. Your mentor has tried anything and everything and can save you from the “guessing and testing” game, significantly increasing your probability of quicker success.
It definetly does! I have been blessed to meet many different business owners & entrepreneurs throughout my life and it has definitely not only helped me but inspired me to keep going even when times were rough through my business. Now, trying to be that mentor for someone else!
Depending on who the mentor is, they can be INCREDIBLY helpful. We have four members of our advisory board, and while we don’t always listen to what they say, they always provide good insights. At the very worst, they are a sounding board for your ideas.
I recommend people looking to make money and have big ambitions to read [Idolstories](https://idolstories.beehiiv.com/). Its a newsletter about succesfull founders and their stories. I get a lot of entreprenurial motivation from there and tips I use in my own business.
I don’t agree that a regular mentor is a requirement. My Dad was a small businessman and taught me a ton about business from a very young age. I started my business 20 years ago (he died 2 years after I opened) and it has been a success since inception. I still do credit my Dad with my business education, but haven’t had a regular “mentor” since. The one person who I do tend to go to with a serious question is my CPA, who has been invaluable for the past 20 years.
I feel constant inspiration from my customers, staff, and those in the community and that is helpful. The best advice my Dad ever gave me was to treat your customers, vendors, ect with respect and pay everyone on time (I always pay early!).
I get where you’re coming from, but I see mentorship a bit differently. Many successful entrepreneurs actually credit their mentors for **providing guidance and opening doors** that might have otherwise stayed closed. A mentor isn’t there to babysit; they’re there to offer wisdom from their own experiences, help you avoid common pitfalls, and sometimes provide that crucial push when you’re stuck.
For me, having a mentor has been invaluable. They’ve helped me see things from a different perspective, challenge my assumptions, and sometimes just give that bit of encouragement when things look bleak. It’s not about dependency but about accelerating your learning curve. While self-reliance is crucial, having someone who’s walked the path before you can make the journey a lot less daunting.