5 Ways a Business Mentor Can Help Your Business

Anyone who starts in business needs to have a grasp of what it takes to successfully make it grow from the ground up. If you are doing this for the first time, you are probably aware that not all that you read in books and learn in business school will give you all the answers you need. Sometimes the best answers and advice come from being mentored by a business expert. Here are the top 5 ways that a business mentor can help you start and grow your business into one that has a great potential for success.

A mentor can supply the answers that comes with experience.

Experience is the one thing that the most creative, driven, hardworking and financially-capable entrepreneurs often lack, so it is best to look for someone who can provide sound business advice based on experience. You can read about the challenges the oldest and best business people in your field have overcome, but in most cases, advice that is told to you from the perspective of someone you know personally is often the advice that tends to stick the most. Look for a mentor who has had ample experience with success and failure since it is often people like this who can help you gracefully deal with both. 

A mentor is someone who can challenge you.

A business mentor is not expected to agree with whatever you have to say. If your mentor has more experience than you do it makes it easier for them to disagree with you and challenge you into being more open to other ideas and to adopt a bigger view of the world. 

A mentor can help you develop an objective perspective.

New entrepreneurs often make the mistake of letting their emotions guide their decision-making process. A business mentor can help you avoid this by reminding you of the greater goal, by helping you see the forest instead of the trees. This is very important especially if you have trouble focusing on long-term goals for your business. 

A mentor is an accountability partner. 

This role is often the driving force that has helped entrepreneurs succeed. A mentor who holds you accountable for your decisions is invaluable especially if you also give him permission to guide you in the right direction so that you can correct your errors in judgment as soon as you can. Having someone that you are accountable to gives you that needed pressure that can fuel your drive to make sound decisions and to act promptly when you make mistakes.

A mentor can act as a role model. 

Even without saying a word, a mentor can serve as the perfect role model for anyone who is starting out in business. He could be a good example in terms of how he handles and juggles his time, how he spends his money, how he sets his priorities and the like.

Mentor are more than teachers, small business advisors and sounding board. He is a source of objectivity and sound direction that may prove invaluable when you are facing the toughest choices as you grow your business from the ground up.