Advantages of Having a Mentor for Your Small Start-Up Business
It is not an easy thing to start a small business and all start-up business owners know this. Because of the challenges it is important to have a network of supports to keep you going; otherwise, it will indeed be a lonely endeavor. And this is perhaps the reason why many small start up businesses do not make it big.
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.
You can learn about others’ business mistakes from these small business coaching services and you can learn a lot from it. If you are aware of these mistakes when you make your business plans, then you can very likely avoid them. If you have a mentor you will be warned about business obstacles and how to deal with them. Flaws in your business model will be seen and corrected by your mentor so it does not hurt your business.
Networking is very important these days. If you have a business mentor, then it can give you access to some business networks and its connections. You can have more business opportunities with an increased profile as a result of your connection with your business mentor. If your mentor is a respected one, then you can easily be introduced to new connections.
Evaluating your own business can sometimes be one sided. Many business owners ignore negative online reviews. But a good business mentor will show you the importance of a good online reputation in today’s business world. Heeding the advice of your mentor would mean rectifying or addressing these negative reviews.
The services given by some mentors are for free. The non-profit organization where these mentors belong aim to build relationships between small business owners and volunteer mentors. This is a risk-free opportunity to gain valuable, expert level advice from a mentor.
Ultimately if you take your mentor’s advice, your business can gain higher revenues. Recent studies have shown that there is a very great increase in business revenue is small businesses that were mentored compared to businesses that were not.
Don’t throw this opportunity away. Use the services of a good business mentor in handling your small start-up business and you will see how much growth your business will gain in the first few years of its life.