Importance of Entrepreneur Mentorship Programs for Entreprenueur

As a young entrepreneur, it is easy to fall into the trap of “I’m on the top of the world” or “I know everything about business” after getting first few tastes of success. However, you may feel stuck at times and may feel the need to reach out and connect with people for help.

Perhaps you need a “Mentor”. But where do you find a mentor and how do you reach the right one who will help you take best business decisions. The answer is “Entrepreneur mentorship programs”. Let’s try to know more about these programs.

What Is Entrepreneur Mentoring Program?

The Entrepreneur Mentoring Programs are specifically designed for commercial and social entrepreneurs.  The program provides you with trained mentors and facilitates the building of a long-term mutually beneficial trust-based relationships.

Besides offering one-to-one mentoring, the program also helps startups by providing a process to evaluate a business opportunity within the context of a Business model canvas. Entrepreneurship is a lonely journey and entrepreneurs often feel alone and look for support that can give guidance and provide an answer to the questions. The biggest benefit of such program is you get a mentor who provides you critical business insights.

Why Are Mentors Important?

For an entrepreneur, a mentor is like a compass, lighthouse, and drinking water while you are at sea.  While there is no doubt about the importance of the technical know-how and the guidance the mentor provides; the most important role a mentor plays is to keep you charged especially when things are not happening as you have planned or expected.

A mentor not only guides you towards the right path but also acts as a source of inspiration and motivation. Here are some reasons why every entrepreneur needs a mentor.

Gain from Experience That Is Not Available in Books

There is a proverb “Experience is the best teacher” and it is a crucial element of success in business.  You can gain so much from the experience of your mentor who has been there, seen it and done it all.

The knowledge you gain from mentor might not be available in books. It is an unstated truth that most authors are not comfortable sharing/revealing in their books. Some personal experiences of business leaders can be helpful while dealing with ups and down in business.

Mentorship allows you to connect with the person at a more intimate level where you can also gain knowledge from your mentor’s personal experiences.

More Networking Opportunities

A successful mentor will have a wider network which you can also access. Since your mentor wants you to be successful, it only makes sense for the mentor to allow you to tap his/her network when the need arises.  You will not have this opportunity without a mentor.

Provide Much Needed Encouragement

Failure can impact your productivity and morale. With mentor by your side, you will be in better position to deal with failures. The mentor has already experienced highs and lows in business and would provide you the much-needed encouragement to look beyond failures.

The importance of guidance and support of a mentor cannot be ignored.  Entrepreneur mentoring programs offers you easy access to set of accomplished entrepreneurs as mentors who will take you towards the winning path.

Do you know other benefits of having a mentor? Let us know your comments below.