You might have the greatest start-up idea or have strong financial backing to kick-start your business, and to add to that, you might also have the knowledge and industry experience to get started on your entrepreneur journey, but ask yourself this: wouldn’t you rather ALSO have someone like a guide who could help you, or support you through the whole process of becoming a successful business owner?
A good mentor is what you need! They help you think through the start-up phase with a more experienced outlook; suggest ways to do things the right way and sometimes also help you with necessary industry knowledge or know-how that you might be missing. A mentor is someone who understands your perspective or perhaps has walked the same path that you decide to embark upon. A good mentor will be there to motivate you and identify your achievements and also give you a cautious heads up when crisis strike.
Here are a few points to remember while finding a mentor:
Be ready to be mentored: This is one of the most necessary characteristics of a wannabe entrepreneur. If you have an “I know it all” attitude then you are not open for coaching or mentoring. If you want to learn and grow fast, then you should be willing to consider ideas that may not match your expectations or opinions. Your business ideas and approach might be perfect for you, but another viewpoint will help you get a broader perspective about the situation, and will help you make the right move.
Networking is Key: As an entrepreneur, networking should be your second nature. Your approach towards networking should not be just to build customers or associates, but to find people who you could learn from, people you think could be potential mentors for you. Remember, networking is not about sending bulk email or handing out business cards to people you meet at a seminar or an event, it’s about making the effort to connect with people, collaborating, learning and adding value.
A good mentor is someone who has had success as an entrepreneur: According to statistics, the very best mentors are usually those who have been or are entrepreneurs themselves. A good mentor is someone who has walked the path of entrepreneurship and has gained the required experience, which is not long ago. Such mentors have been through the phases that you are going through and genuinely want you to succeed as well. In a typical situation, you should be able to see yourself “succeeding” the same way your mentor is today.
Thank your mentors and Pay it forward: It is always important to acknowledge and thank people who have helped you. Generally a good mentor would not be in it for the money, but would want others to grow. It is important to find ways to thank your mentor for all the support and help they provide you. Last but not the least, try to pay it forward i.e. you may never be able to pay your mentors back, but you can recognize what they have done for you by becoming a mentor to others.