The benefits of working with an online business mentor
There are a lot of benefits to working with an online business mentor. But finding the right mentor can be difficult. How do you know who will be a good fit for your business? And how do you find someone who can help you grow your business?
In this article, we’ll discuss the benefits of working with an online business mentor, and we’ll give you some tips on how to find a good fit for your business.
What is a business mentor?
A business mentor is experienced and able to offer advice, guidance, and support in a way that’s tailored to your needs and goals.
Mentoring was only relatively recently formally defined and a good explanation can be watched within this TedXTalk
Why should I have a business mentor?
A business mentor can help you develop your skills, refine your ideas, and determine the direction you want to take your business.
Mentors, unlike coaches, often allow more informal contact but it is still best to stick to a schedule and preferred method of contact to respect their time. This is particularly the case if that mentor offers a free business mentor service.
What’s the difference between a business coach and a business mentor?
A business coach, helps entrepreneurs using a variety of learning techniques. They will teach you hard skills for entrepreneurship and impact your business in a tangible way. The focus should be on efficiency, productivity and results. An experienced business coach will typically charge upwards of $200 per hour.
Conversely, a business mentor shares experience and knowledge and is more often there to inspire and support the mentee with their goals and direction. Mentoring is usually unpaid and typically focuses on both personal development and business growth.
Both mentoring and coaching relationships require clear boundaries, expectations, and goals in order to work for both parties over the long term.
The Importance of Coaching and Mentoring
Business mentors can help you look at problems and situations from perspectives that you would not have thought of on your own.
As a new business owner, you may find it difficult to understand emerging problems and address them from the view of a customer, investor or industry official for example. A mentor who has faced these problems before and been involved in these types of business relationships can help you analyse and resolve problems in a way that helps you understand how your business will look from different perspectives.
Starting a business is difficult and can pose many challenges. Entrepreneurs can feel overwhelmed and individual problems that arise can often feel unique to the business owner. In reality however, most businesses experience the same problems on a similar timeline. One book in particular, known as the entrepreneurial myth highlights this phenomena. You can learn more about it and other essential books for business success in this article.
A business mentor can help you stay motivated and focused. They can provide accountability by making sure you stick to what you say you’re going to do. They can also reduce the loneliness aspect to self-employment and share in celebrating your success as you grow.
Business Knowledge That Isn’t Online
Knowledge and experience are required for business success. Reading business books is one of the easiest and cheapest ways to acquire knowledge in addition to business blogs. However, there are some aspects of entrepreneurship that are not outlined in business books or online.
Without a business mentor you are missing out on some of the best ideas and lessons learned from mistakes made. With a great mentor, you are much more likely to gain all the knowledge and personal entrepreneurial qualities needed to run a successful business.
Stay In Business Longer with A Mentor
The United States Small Business Association found that having a business mentor early in your entrepreneurial career doubles your chances of staying in business for over 5 years compared to no mentored start ups.
Finding Your Ideal Mentor
What is your personality type? Do you prefer straight-talking business people or a softer approach? Do you like to focus on problems or just get to work on the solutions?
Talk to a business mentor today and see if they are a good fit. Book a free mentor consultation
Click here and scroll down to the calendar to choose a time for a video meeting or book directly below (if your browser allows the embed so you can see it).
To attract a good mentor you will need to be a person of good character. No successful entrepreneur is going to be willing to put their reputation on the line for someone who is unethical, selfish, or unappreciative.
Business mentorship (and coaching more so) will be among the best investments you will make in your business. With the right mentor, your chances of success will improve and your confidence and knowledge will grow.
Things will never always go your way in business and how you respond when they don’t will be what makes or breaks you. Having someone who has experienced the highs and lows of the entrepreneurial rollercoaster in your corner is worth more than you will likely appreciate until you’re at least a decade into your business career. It’s a shsmae that most businesses don’t last long enough to learn this fact.
Don’t waste any more time. Time is money. Get a business mentor now
Your Business Mindset
The best entrepreneurs schedule time out to think and this allows them to make quick decisions on important matters.
Decision-making is a critical factor in business. It’s what you get paid the big bucks for. A non-decision is still a decision and usually has a financial cost.
Removing emotion from decisions is critical to be able to make fast decisions and achieve successful outcomes.
Achieving a business mindset is a skill.
Improving skills with a mentor
The skills you learn from a business mentor will largely be as a result of time spent with and your observation of the mentor. These will typically be soft skills.
When it comes to profit impacting technical skills, this is where a business coach or business skills courses may be more useful to you.
How online business mentoring works
To maximise time efficiency and scale, (something you want to achieve in your own business endeavours) busy business mentors use online forums and websites where they share their knowledge and experience.
You can review their online resources and comment and interact via the website pages.
You may also subscribe to their email newsletters or join their platforms as well as follow them on social media.
You can join Anthony Tedd’s business mentor service for free here
Why Would A Mentor Give Up Their Time For Free?
Many mentors simply enjoy the ability to give back. There are also networking advantages for the mentor. As well as keeping leadership skills well-practiced, the mentor will also learn from the mentee and be exposed to new ideas and opportunities. Two heads are always better than one.
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