If you are a young person in the business world, it is likely that you will get a great deal of value from the mentorship of a more experienced business leader, yet many are reluctant to engage the services of a specialist coach. Is it because we feel that we can ‘do it on our own’ or simply a cost-based decision that the money can be better spent on other things? Here we evaluate the benefits of a business mentor and why it’s something you should consider.
Intensify your learning
Yes, you can work stuff out for yourself – but why spend two years with experimental strategies when there is someone out there who can tell you the shortest route because they have already been there and done it? You will reach your end goals much quicker by buying the knowledge of someone else who has been there and got the T shirt, and that time is far better spent growing your business than getting off the starting blocks.
This might sound like an odd statement – how do you save money, by spending money on a mentor? And yet it is true! When the decisions you make have a financial impact – money spent on advertising or hiring the wrong people for example, it can end up costing a great deal more than the investment in good advice.
It’s a lonely road running a business. Your parents probably don’t understand half of what you’re talking about and the operational challenges you are facing, and your friends live for pay day and the weekend.
They can’t truly appreciate the responsibility of generating your own pay cheque each month and maybe even, generating other people’s pay cheques too. Having a mentor who has been in your position and understands the stresses of running a business, can certainly ease the burden.
Little Black Book
There’s a good chance your mentor has been on the business scene for many years and knows a lot of people! While you may be struggling to get past the gate keeper of a prospect you are desperate to land – they can probably introduce you to someone who can make that journey a little easier by tapping into their network of contacts.
You can read more about mentoring and coaching here with additional advice on what to look for in a mentor and how to find one that is a good fit for you, provided by BusinessComparison.
Have you already got a mentor or is this something you are considering?
Kizzi Nkwocha is the editor of Business Game Changer Magazine and publisher of The UK Newspaper, Money and Finance Magazine, the net’s fastest growing wealth creation publication. Kizzi Nkwocha is chair of The Ethical Publishers Association and co-chair of The Logistics Association. Kizzi made his mark in the UK as a publicist, journalist and social media pioneer. As a widely respected and successful media consultant he has represented a diverse range of clients including the King of Uganda, and Amnesty International. Nkwocha has also become a well-known personality on both radio and television. He has been the focus of a Channel 4 documentary on publicity and has hosted his own talk show, London Line, on Sky TV. He has also produced and presented both radio and TV shows in Cyprus and Spain.