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. 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 through the help of small business advisors or mentor that can provide valuable insight, 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.
Below are some of the benefits a small start-up business owner can gain through business mentoring.
You can learn about others’ business mistakes from these small business coaching services and you can learn a lot from it. 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 you business model has irregularities or flaws, then your mentor will be able to 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. If your mentor is a respected one, then you can easily be introduced to new connections.
Many business owners are not very objective when they evaluate their businesses. Many business owners ignore negative online reviews. However, your business mentor will show you why a good online reputation is very important today. Heeding the advice of your mentor would mean rectifying or addressing these negative reviews.
The services given by some mentors are for free. These mentors are part of a non-profit organization that aims 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.
There are rewards for heeding your mentor’s advice and these are gaining higher revenues from your business. Studies conducted showed that the revenue increase of businesses that enlisted a mentor was significantly higher than those that did not.
Don’t throw this opportunity away. 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.
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