Advantages of Having a Mentor for Your Small Start-Up Business
If you are an owner of a small start-up business, you know that it is not easy. This is a lonely endeavor for small start-up businesses that are not part of any network of supporters, since there are really many challenges involved. There is failure in most small start-up businesses and many are not able to sustain themselves for the first five years of their business lives.
If a small start-up business wants to be successful in its pursuit, there is actually a way to do it. And this is by seeking the help of a small business advisor or mentor who are able to give the business owners important insights, strategy, and mentoring. If a business owner chooses to use a mentor, then he is twice as likely to survive the first few years of his business than one who does not.
Mentoring gives a lot of benefits to small business owners which are given below.
Business mistakes can be the source of learning, and this is what you can learn from small business coaching services. Being aware of the mistakes of others can help you avoid them while making your business plans. If you have a mentor you will be warned about business obstacles and how to deal with them. If your mentor sees some flaws in your business model, he can correct it before it hurts your business.
It is important for business today to be a part of social networking. Access to some business network and its connections can be given to you by your mentors. You can have more business opportunities with an increased profile as a result of your connection with your business mentor. A respected mentor can easily introduces you to new connections.
Evaluating your own business can sometimes be one sided. Negative online reviews sometimes don’t matter to business owners. However, your business mentor will show you why a good online reputation is very important today. You can rectify or address these negative reviews as advised by your mentor.
There are mentors who do not charge for their services. These mentors are part of a non-profit organization that aims to build relationships between small business owners and volunteer mentors. There is no risk involved in this but you gain much from the valuable, expert level advice that your mentor gives.
There are rewards for heeding your mentor’s advice and these are gaining higher revenues from your business. If we are to listen to the results of certain studies, it shows that a business that employs the services of a mentor has a very high business increase compared to a small business that does not.
So, don’t miss out of something that is of value. If you want to see great growth in your small start-up business then seek a good business mentor to help you manage your small start-up business.