The journey of the entrepreneur can be an uphill battle. You willingly take on major financial risks to bet on an idea that you believe will succeed in the market before you completely run out of money. There is also the fact that you will mostly face this challenge all alone, and that can also be a heavy burden on your shoulders.
To make being an entrepreneur a bit easier you could get some insights from people who have walked this road before. You could listen to podcasts, read books, read articles, and get as much information as possible, and although you can find great advice from these sources, there is no way they will be able to give you tips that are specific to your exact situation.
This is where having a mentor can really help you become a successful entrepreneur. Here are the top reasons why every entrepreneur needs a mentor:
Learn the business
Even for experienced entrepreneurs, knowing all the written and unwritten rules of a specific business can be difficult if not impossible. A mentor can help you get this important knowledge from the very start so you can avoid costly mistakes or losing clients because of ignorance.
Get tailored advice
A mentor will be able to give you advice that is specific to your situation. This means that you won’t need to extrapolate or improvise on generic advice from books or podcasts, but instead you have a solution that is applicable to your business at that precise moment in time.
Make better decisions
The advice you get from your mentor will enable you to make better decisions because they will be able to give you another point of view on every issue. Even if you end up not taking their advice, just having that different angle means that you will have more information, and this will in turn help you make a better decision all the time.
Grow your network effectively
A good mentor will already have a robust network and they will tap into it whenever they feel like getting you in touch with one of their contacts can help you. This will enable you to not only grow your network, but also to grow it in an effective way because most contacts you make through your mentor will be relevant to your business.
Because your mentor has a clear higher-level vision of your company, they can help you understand and occupy the role you need to have on the operational level. Your productivity will increase by focusing on this level for most of your time, and in turn you will help bring up the whole company’s productivity with you.