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Here’s Why Finding the Right Mentor Will Help Grow Your Small Business

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Here’s Why Finding the Right Mentor Will Help Grow Your Small Business

Having spent the last 20 years as a leader in small and medium private businesses, and as the CEO of two large multinationals, I know how hard business can be. However, what made it easier, was the fact that I had help. That support consisted of the team around me to executive mentors who provided guidance and expert advice.

I attribute my success in business to surrounding myself with the right people, people who are smarter than me… individuals who help me grow and prosper. My mentors have been leaders in their field who have the knowledge and experience I once lacked; they helped me take my career, business and results to the next level.

To climb Mount Everest, people train for months, if not years. They seek help from experts who have walked that path before them. The same applies in business; you don’t need to do it all alone. Seek advice and guidance from accomplished mentors. Seek out some of the smartest business people who have a history of achievements in business. Your businesses success depends on it.

Here are three key benefits of tapping into an accomplished mentor for your business:

1. Expert Advice

Accomplished mentors are executives who are specialists and leaders in their field and are also general business gurus. They provide advice based on experience, they have achieved a certain level of success. When you are looking to engage a mentor for your business, ensure you ask for examples of their accomplishments in business.   

2. Various Viewpoints

When you have a problem in your business, it’s easy to get caught up in personal opinions and the emotions. Thus, distracting you from overcoming the issue, as it continues to prolong you can start to feel overwhelmed. When you discuss the problem with a mentor as your sounding board, you’re more included to view the issue objectively, resulting in solutions and ideas to rectify the situation. A good advisor will guide you through the problem to the solutions, therefore expanding your thinking.       

3. Your Attitude, Determines Your Altitude

When running a business, you can feel like you are doing it all alone, you feel frustrated because there is no one to bounce ideas off. The buck stops with you, and you’re working long hours. You have challenges that are keeping you awake at night; you can stop ‘wondering’ about what to do. Once you make a decision, you spend too much time second guessing if you’ve made the right decision. A mentor will help you reprogram fearful thinking toward powerful thoughts, faith and belief. You’ll be able to focus on achieving your goals without distractions.      

There are many benefits to having an accomplished, experienced mentor and advisor on your team, and ultimately their role is to help you achieve your goal. Once you have an accomplished executive mentor as a resource, you can be sure that they are focused and conscious of the need to deliver tangible and measurable outcomes for your business.

MicroMentor conducted a study which demonstrated that mentored businesses increased their revenue by 83% but businesses with no mentor only increased their income by 16%. There is absolutely no doubt that if you find the right mentor, someone, you connect with, and your prepared to do the work, you and your business will grow, prosper and thrive. Are you ready to make an investment in your future? You can’t afford not to.

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