Benefits of Having a Small Business Mentor

Staff Report From Georgia CEO

Monday, October 28th, 2013

As a small business owner or entrepreneur, you have a lot on your plate. And whether you’re busy trying to establish your business or developing a growth strategy for your existing operation, it can be valuable to get an expert opinion from a mentor.

Below are some key reasons you should consider reaching out to a mentor.

Business Mentor Benefits:

1. Expert Advice

Above all, business mentors have “been there, done that.” They can offer you expert advice and guidance based on actual experiences — successes and failures included.

The insight that business mentors can provide because of what they’ve been through with their business ventures, and over time, is tremendously valuable from a practical standpoint.

2. A Different Perspective

Consulting with a business mentor can be a great way to gain a different, fresh perspective. It’s easy to get caught up with your ideas to the point of questioning, confusion or second guessing – and having a sounding board in a business mentor is a great way to work through some of those kinks.

You may also be presented with some considerations from a business mentor that you wouldn’t have come across otherwise. So it’s a great opportunity to broaden your own outlook.

3. Networking

With all that experience likely comes a vast network of industry connections. Your mentor can help open doors so you can meet people – potential partners, customers and decision-makers in your target market.

Having an introduction from someone like your business mentor can help strengthen that new tie more than simply meeting someone randomly at an event.

4. Skill Development

If you find that you’re struggling with a particular task in your start-up activities or are facing an issue with employees, bookkeeping, etc. in your existing business – a mentor can help.

Many business mentors have a particular area of advanced skills, so you can further your technical abilities while you gather bigger-picture insight.

5. Low Risk

Through many organizations and programs (such as SCORE), consulting with a mentor is usually free, so you don’t have to worry about fronting cash to benefit. You also don’t need to be concerned with scams, because business mentors are available for one primary reason – to help you succeed.

But it’s a two-way street.  Business mentors learn from mentees as well, so the experience is mutually beneficial.

If you’re just getting started down the path to business ownership – or have been there for some time – and are looking for some guidance, consider reaching out to a business mentor to help you along the way.

You’ve got nothing to lose – and a world of business insight to gain.