- October 19, 2016
- Posted by: toperunsewe
- Category: Success Tips
Imagine a new born left on his or her own to conceptualize and live life for itself?
It would only take a matter of hours before that new born dies. There is always a need for a new born to be guided and shown how to do certain basic things in life e.g., walking, talking, etc. In the same vein, every entrepreneur requires that he be shown the way to go. Just as you needed to be held by the hand and shown how to take your first few steps as a child; becoming a successful entrepreneur entails that you seek out experienced and trusted advises first. These are usually referred to as mentors, coaches etc.
In the midst of arguments on whether or not entrepreneurs need mentors, we find that most successful titans had mentors. For example, Facebook’s Mark Zuckerberg was mentored by Steve Jobs. Jobs was mentored by Mike Markkula — an early investor and executive at Apple. And Eric Schmidt mentored Larry Page and Sergey Brin of Google. Here are a few reasons why everyone needs a mentor:
Experience is a very expensive asset — yet it’s crucial to business success. Mentorship is one guaranteed way to gain experience from others. Mentorship gives you access to years of experience of others ad thus placing you at a more equipped standpoint to handle situations better than you would have on your own.
Often, a seasoned mentor can challenge you to think in ways that never occurred to you because they’ve se
en more of the world (and more of business) than you have. They’ve also been innovating and solving problems for a much longer time. They won’t have all the answers, but if you allow mentors to bolster your experience with theirs, you’ll be able to operate much more shrewdly and with more confidence than you otherwise would on your own.
.Aside the fact that investors trust startups who are recommended by their friends, a successful mentor has an unlimited network of people who can benefit your career. You might be a networking genius, but if you’ve only been at it for a few years, you’re still limited by that time frame.
A good mentor will have strong relationships with people who are already successful business leaders–and can help you make the most of their hard-won networks. If you only network within your own circle of colleagues from your generation, you won’t have access to the business leaders currently making big decisions that affect your industry
Often, a single, sound piece of advice from a mentor can be the catalyst that changes an entrepreneur’s frame of reference forever.
While more seasoned mentors may be viewed as being behind the times for not carrying iPhones and other hot gadgets, their experience outweighs this notion. Young entrepreneurs sometimes hide behind their technological devices and use quick text exchanges to correspond with people. Experienced mentors can share the intangible nuances of communication they have mastered through relationships they’ve forged the old fashioned way with rookie business leaders.
One of the biggest obstacles to finding and cultivating a good mentor relationship is the entrepreneur’s own pride (and yes, sometimes arrogance). We’re wired to blaze our own trails, so it’s sometimes difficult to be humble enough to slow down, get a fresh perspective, and hear things we don’t want to hear.
- You’re more likely to succeed with a mentor.
Research and surveys prove that having a mentor is important to success. In a 2013 executive coaching survey, 80 percent of CEOs said they received some form of mentorship. In another research by Sage, 93 percent of startups admit that mentorship is instrumental to success.
Your chances of success in life and in business can be amplified by having the right mentor. The valuable connections, timely advice, occasional checks — together with the spiritual and moral guidance you will gain from having a mentor — will literarily leapfrog you to success.
It has been proven by research that a quality coaching has a powerful positive effect on young entrepreneurs. Having someone who practically guides you and shares your worries with you — often placating your fears with their years of experience — keeps you reassured that you’ll be successful.
Enduring the consequences of failure on your own can set you back and impact your productivity. In hard times, having a mentor will help you keep your head high. Young entrepreneurs often deal with depression when they are unable to meet their goals and expectations. The impact of depression on entrepreneurs is often under reported. But entrepreneurs without mentors bear the brunt the most.
A mentor who has experienced the highs and lows of running a business is in the perfect position to give positive and soothing words of advice to you when things refuse to go your way. And not only do they have the right words to share, they would also have ideas to help you navigate your way to success.
When you imagine the number of businesses that fail, you’d wish a lot of business owners had mentors. According to SBA, 30 percent of new businesses may not survive past the first 24 months, and 50 percent of those may not make it past five years. However, 70 percent of mentored businesses survive longer than 5 years.
Like it or not, most of today’s most successful entrepreneurs have all sought mentors and paid heed to their advice to their direct benefit. If you want to experience success in any capacity, you owe it to yourself to find great mentors; listen and learn from them.