The impact of a mentor to a young business leader

 

 

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.

 

Save money

 

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.

Staying sane!

 

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?

 

 

 

 

 

 

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