February 22, 2018

How to Choose the Right Small Business Mentor

Whether you are founding your first small business or a seasoned entrepreneur, your success could probably be boosted with the help of the right small business mentor. What should you look for in a small business mentor?

Failure Happens 

In business, learning what doesn’t work is just as important as learning what does. Mentors have been through failures and can help stop you from making similar mistakes. Every successful business owner who appears to be impervious to failure is just as prone to disappointments and hiccups as anyone else. Unlike every other business owner, the successful leaders know how to learn and grow from their mistakes.

Industry-Specific Experience

While you can learn something from any skilled business leader, choosing a small business mentor who has experience in your field will always yield better results. If you have a tech start-up that you want to grow into a gigantic industry leader, you should look for a mentor that is already a tech industry executive. Do you want to become a lifestyle coach and motivational speaker? Look for someone who has already walked that path and succeeded on it.

Two-Way Street

When selecting a small business mentor, keep in mind that the right fit should also gain something from you. Beyond connections and advice, the best mentors should also be able to gain some knowledge or insight from your business. Your mentorship should be a two-way street, not one way or a dead end.

Shared Vision

What values inform your worldview? Do you see your small business as a way to give back to your community or as a way to revolutionize the way things are currently being done? Do you prioritize profits above all else or are you more concerned about the people that work for you? There is no one-size-fits-all way to run a small business, but the best small business mentor for you will have a similar worldview and set of values. 

Finding the Right Small Business Mentor Is Just One Way to Take Your Business to the Next Level 

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