now browsing by tag
Starting a business is a challenge most entrepreneurs are faced with, and making a success out of it is an even bigger one. Lack of cash isn’t responsible for the failure of any business, especially a small business, but lack of knowledge definitely is. Complete knowledge and know-how is important for the success of any enterprise, and a mentor or advisor can go a long way in contributing to that success by sharing their expertise and experience required for your business. Having the right business mentor is very important for your business and its growth and success, and a little consideration can help you make the right choice.
Having a strong rapport with your advisor is very important. It essentially would mean that there are no issues with communication and understanding each other and that they are able to challenge your operations and ideas should they not agree with some of your decisions.
Choose someone with hands-on experience. Beware of someone who pitches for a new system or an innovative, untested idea. Instead rely on someone who has been there and done that. Not only can they help you with the secrets of their success, but they will also make you aware about the failures that were faced by them so the same mistakes are not repeated.
Choose someone who takes your entire enterprise into consideration. Your advisor should ideally have good tools and strategies in place for driving sales and profit and a tested framework in place for achieving that.
Choose a mentor that holds you accountable for results. Your mentor should have the right to hold you accountable for the commitments you make and also help guide you in the right direction. You, as a business owner, may not always take being corrected, well but it is valuable for your success.
Successful entrepreneurs make it to the top with a great team and the undisputable role played by a good mentor.