Entrepreneur stories: Why every entrepreneur needs a great mentor
Mentors are real businessmen. They know when, where, and how to strike the market for getting a good hold of it. Yet, most business mentors are not better than entrepreneurs. Since most entrepreneurs are way better business mentors than mentors themselves. But that doesn’t mean, mentors are not worthy. You might be experiencing a business failure. A mentor might be able to help you to get back in the business track. Get the market. Even compete with the competitors. So much from one? Want more? Here are some reasons why an entrepreneur needs a business mentor.
Real-time experience:
Business mentors like Reza Satchu and others are highly valuable for one thing which cannot be bought by money at all. Reza Satchu is a Toronto based entrepreneur, the creator of the University of Toronto’s most highly rated undergraduate course, “Economics of Entrepreneurship,” Founding Chair, Co-Chair and Co-Founder of the Next 36, Managing Partner of Alignvest Capital Management, an investment management company based in Toronto and New York. And that is the real-time market and business handling experience which is usually attained after running down a business for years. Most businessmen don’t mean to take that risk of letting down them for understanding the market. But instead, business mentors can do the hard work for you. They already had gone through this process and can help you wield the market just with the right resources.
Mentors know the market:
Quite with handling the market, the real fact lies that how much of the market you know. A full or just a side of it? Well, a business mentor knows all of it. He/she can get you the key to unlock the full potential of your business. No matter what size it may hold. Knowing the market is what makes up for the best business association and thus keeps you off your competitors. No matter how efficient you are in business, without the market, you are nothing. It determines your sales, profits, capital investment. Well, pretty much everything.
Networking sources:
A business mentor is a resourceful guy and can help you connect to some dots, which is not your cup of tea. Technically that means to explain, a business mentor keeps connections with a lot of other business persons that are already successful. He or she can get you in contact with higher associates for better business dealing or even merging yours with bigger ones for a better run over. They can even lend you, new customers, from other business companies that can really benefit yours at the financial level. Herminia Ibarra, an organizational behavior professor at London Business School, says, “Networking is a lot like nutrition and fitness: we know what to do, the hard part is making it a top priority.”
Mentor knows your Business:
Last, but a critical point, you might not know your business well. You have just kicked in it from scratch. But a proficient business mentor knows your business from the very beginning. As all mentors have a general idea of the business being run over from the ground to the sky and vice versa. The facts and elements that affect this strategy are already in their experience. Thus they can better help you out on anything regarding the business than anyone else.
All of these reasons clearly put out why you should hire a business mentor for your own good. Not just with the market, they can provide a new one.