LIFE AND BUSINESS COACHING ADVICE AND TIPS |
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LIFE AND BUSINESS COACHING ADVICE AND TIPS |
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For a business to grow, it is important to have that one person who can give you the best advice. That one person is none other than a Mentor. They’ve been in your place and have experienced similar situations so they have the best approach for any problem. It is not surprising that young entrepreneurs do not seek mentors and overvalue self-indulgence. Guidance and mentoring can reduce failure and speed up the success ratio. Here are the reasons that explain why having a mentor is important:
Real life knowledge Experience is the asset that will remain with you for a lifetime and is very crucial for a business. You cannot learn everything from the books, the ups and downs in life is learnt through experience. Some experiences may be too intimidating for the author to reveal in a book. Mentorship is one way to gain experience and learn from others. Networking There is no doubt that investors trust start-ups recommended by their trusted friends and alliances. A successful mentor has unlimited contact with people who can be beneficial for your business growth. It will be great help on their part to get in touch with their contacts when the need arises. Inspiration It is important to adapt to the mindset and approach of the mentors to achieve success. When you start tackling the situation according to their attitude, you will start to notice the growth in your business. In tough times when things got bogged down, a mentor is a great source of inspiration to beat the delay and truly do things in real time. Stay in business longer Successful business owners always have a mentor to support them with the pitfalls and motivate them to work smarter and to solve problems at the initial stage. There are many business which do not survive more than a year or two. The maximum a business can survive without a mentor is five years and then it will start to fall down. However, the success rate of businesses that survived more than five years with a mentor is higher. Encouragement It is not surprising that businesses have small failures which can have a huge impact on the productivity. At times like these, having a mentor seems like a blessing. A mentor will help you to keep your head high and fight out the consequences. It is natural for any business owner to have the brunt due to the failure but facing it needs more courage. Entrepreneurs without mentors have to bear the brunt and often deal with depression. No matter how incredibly smart you think you are, every start-up needs a good mentor. Someone has already been through something you are facing right now. So it is better to reduce stress and create a happier working environment.
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