As a small business owner, your relationships with your community and your peers are essential to your success. Your fellow business owners can provide much needed support and advice as you grow your small business. This is why many new entrepreneurs turn to a mentor who has already paved their own path. But, a successful mentorship takes effort. Here are some tips on how to have a successful mentor-mentee relationship.
Mentoring and networking
Running a business is one of the biggest challenges you’ll ever undertake. Entrepreneurs with access to a mentor are more likely to start a business and more likely to succeed, and have higher revenues and higher rates of employment. These resources can help you find an advisor to guide you through the ups and downs of running your business.
Networking is vital to most small businesses. There is nothing that promotes trust like speaking to someone face-to-face. It gives you an opportunity to develop a personal connection to the other person as well as explore potential areas of collaboration or to identify a need that your business can fill.
You're passionate about your business and you love what you do, but the day-to-day running of a business is hard. It can also be a solitary job, with the stress of payroll, clients and decisions about next steps all on you. One of the best ways to help yourself, and your business, is to get a business mentor, someone who has been there and done that to be your support.