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Why You Should Have a Mentor

Why should you have a mentor? The answer is very simple. Every entrepreneur should have a mentor with more entrepreneurial business experience, expert knowledge and wisdom than themselves, who is prepared to share their know-how on an on-going basis.

What is a Mentor?

One definition of a mentor is an experienced individual who helps and guides the development of another individual towards achieving their goals. A mentor is the ultimate teacher and overseer who has "been there, done that", can help you Avoid Ebusiness Plan Mistakes and who can become a trusted confidante with whom you share your progress. Especially if you want to 'go it alone' with your business venture.

What a Mentor can do for you

A good mentor can guarantee you succeed. They can customize a business development program that specifically suits your unique qualities; a program you will be happy with and be able to stick to. As long as the opportunity they are mentoring you on has a quality product with good demand, is competitively priced and offers an effective way of reaching the market, then they can take you by the hand to build your business step-by-step. This is the way a real business succeeds.

A mentor also provides:

a good 'sounding board' for your ideas
a second opinion
emotional support
access to a network of other experienced mentors in related industries
a trusted, long-term relationship

Finding a Mentor

You will need to do a little research to find the right mentor for you and your business. Prepare yourself a checklist for the areas of support you think you need, so that when you locate a likely mentor, you can see if they have the right background and experience your seek.

There are many websites and organizations offering mentoring these days, some at no charge, and some at huge costs.

Some government agencies offer to match entrepreneurs with a suitable mentor, or if you are seeking funding or venture capital, such arrangements may have conditions that a mentor is attached to any financial agreement to protect their investment in you and your business.

Professional or trade organizations related to your business may be able to locate a suitable mentor for you, or your local commerce/business association or club could lead you in the right direction.

Look around you first, and see if there is someone you already know, admire and respect - an individual who has made an impression on you with their wisdom, insight and perceptiveness. Perhaps that person would be willing to help and advise you or teach you what they know?

Prepare to Talk

You will only be ready to talk to a potential mentor and propose a relationship if you first prepare a list of your goals and commitment to your business, and what your expectations from the relationship would be. If you want to ensure a long and mutually beneficial relationship, remember that you must also be able to identify what you can give the mentor in return, so that the process serves you both well.

You have Everything to Gain

Fortunes are not made overnight. A solid business develops and grows, and an experienced mentor can take you for where you are now to where you want to be, in the shortest possible time. You have nothing to lose and everything to gain by finding a good mentor.

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