Should small business owners have a mentor?

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As a small business owner, it’s likely that you’re juggling a lot. From growing your business and reaching sales targets to recruiting the best talent and running payroll, you have a lot on your plate. While you’re working your way through all these massive responsibilities, you may be wondering if you’re getting it right. That’s where your mentor comes in.

Yes, there are plenty of resources online for small business owners – from webinars to publications. However, having a dedicated mentor who has in-depth experience in your field can help make a big impact on the growth and success of your business.

Keep reading if you’d like to learn more about mentors for small business owners.

What is a mentor?

Business mentoring involves a relationship between you – a small business owner – and an experienced businessperson – your mentor.

Typically, a business mentor offers direction and new perspectives to their mentees to assist them in growing their business and help them develop the skills and knowledge they need to succeed. A business mentor will have years of experience and industry knowledge, which is extremely valuable to their mentee.

What do business mentors do?

Rather than the generic advice you may receive from motivational speakers or entrepreneurship literature, a business mentor can give you advice that is specific to your business and your current needs.

They’ll also provide valuable insight into the areas you need to improve on and give you guidance on how to do this.

A mentor’s advice is grounded in their real-life and business experience.

Additionally, having a mentor is a huge boost to any small business owner’s productivity and motivation, as they can hold you accountable for your commitment to improving yourself and your business.

The benefits of having a business mentor

Having a business mentor in place to assist and guide you through building your business will prove invaluable as they bring a lot to the table.

When you are your own boss, and you’re going at it alone, it’s possible that you can feel lonely at times. There’s also no one supervising you that you can turn to for direction. Flying solo while having a mentor at your side to offer connection and support is a great way to have a sounding board and a second opinion.

Business mentors have usually ‘been there, done that,’ and, as a result, you can learn from their mistakes before making them yourself.

Finally, having a mentor usually won’t cost you anything. Generally, mentors are willing to give advice and provide guidance at no cost simply because they will be helping someone else to grow.

If you’re a small business owner, stay tuned to our blog to learn more about all the essentials you need in your toolkit to unlock your full potential, including bringing in the help of a business mentor.

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