Young entrepreneurs should make finding a mentor a priority. Doing so could lead to a more successful career.
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2. When starting your own business, the
challenges that you will face may seem
daunting and difficult.
For many young entrepreneurs, not
knowing what to do or what steps to
take can be discouraging.
Though seeking out a mentorship is
one of the most common pieces of
advice for young entrepreneurs, few
individuals actually follow through.
3. The benefits of having a mentor are many, and
much like cultivating a network of connections
is essential for entrepreneurial success,
finding a trustworthy and competent mentor
should be a staple for young entrepreneurs
who are beginning their journeys.
4. EXPERIENCE
One of the most significant benefits
of participating in a mentorship is
gaining access to another individual’s
wealth of experience in an industry.
New entrepreneurs may have a bounty of ideas,
innovations, education, and more, but the one
thing they always lack is experience. Working
closely with a mentor can temporarily fill this
gap while the entrepreneur works to gain
experience and advance his or her own career.
5. WITH A MENTOR, ENTREPRENEURS
HAVE A VALUABLE RESOURCE TO
VOICE THEIR CONCERNS, ASK
QUESTIONS, AND RECEIVE
ENCOURAGEMENT.
When entrepreneurs don’t have all
the knowledge necessary to be
certain in their thoughts and choices,
having an experienced, successful
mentor by their side to encourage
them can help boost their confidence
and guide them in a productive and
prosperous direction.
Encouragement
Getting started as an entrepreneur
can leave inexperienced individuals
feeling isolated and alone, especially
when putting in long hours or
making difficult decisions.
6. LONGEVITY
It has been shown that entrepreneurs
who work with mentors tend to stay in
business longer than their peers.
More than a quarter of new businesses
whose owners lack a mentor fail within a
year. Conversely, roughly 70% of
businesses owned by individuals with a
mentor are successful enough to last at
least five years.
Mentors are an invaluable resource who
can help entrepreneurs navigate
challenges, hardships, and difficult
business deals; without a suitable
mentor, entrepreneurs may make
unnecessary mistakes or simply give up.
7. FINDING A MENTOR CAN BE
CHALLENGING.
Young entrepreneurs should
make finding a mentor a
priority. Doing so could lead to
a more successful career.
Because the best mentors will be successful
entrepreneurs in their own right, they will likely
be working with busy schedules.
There are many online resources to identify
individuals who are willing and eager to serve
as mentors you inexperienced entrepreneurs.
Connecting with your network to find
individuals who are interested in the experience
is also a great way to find a mentor.