How Mentors Can Create Entrepreneurship Success
Pat Alva-Kraker ○ June 5, 2020
New entrepreneurs, listen up! The business world in one of the hardest to navigate. Its complex and ever-changing structure makes it challenging to get your footing. Before you know it, there’s a new focus, trend, or tool that needs your attention. It can be exhausting, confusing, and frustrating. This is where mentors come into play.
Business mentors can assist new entrepreneurs in navigating their fields. Let seasoned entrepreneurs use their past mistakes, expertise, and experience to help you reach success more quickly and smoothly. Here’s how mentors can play an essential role in your business endeavors.
Mentors Develop Hard and Soft Skills
As a business owner, it’s often vital to develop both hard and soft skills. It’s beneficial to hone skills in the actual trade itself, so you can take the necessary steps to succeed, but it’s often the personal abilities that make or break a company. You can be a top professional, but a lack of organizational and people skills will make it harder to grow and reach your goals.
When a seasoned professional mentors you, you get access to the tips and tricks they wish they had known when starting. Sure, it’s not a college course on business management, but it’s the type of information that holds the highest value. Why? Is there some secret to securing a contract or pitching to potential clients? Only those with years of practice know that! And if your mentor wants to share those tips with you, then you struck gold.
New Perspectives are Key
Many of us get stuck in our heads and find it challenging to see things outside our peripheral view. When you work with anyone new—whether it be a business partner, colleague, or mentor—you benefit from a new perspective. When we’re stuck in a routine, we’re not challenging ourselves. And without that push, we’re left stagnant. Sometimes, we need a new view to get those creative wheels turning.
Because mentors tend to be seasoned entrepreneurs, their fresh perspectives come with years of industry knowledge. Unlike a newbie, they can think of many ways to approach a problem or enhance a project. You’re different than your mentor, so it’s important to brainstorm together and think of creative solutions that fit you and your business.
They Give You a Voice & Boost Confidence
Business mentors play two critical roles for new entrepreneurs: they act as an informative sounding-board and a personal cheerleader. You want your mentor to be wise and professional with you, offering sound advice that helps you clarify and reach your goals. But, at the same time, you need encouragement to get there.
If you feel stressed or exhausted with your business, imagine what would happen with a little dose of daily encouragement. You can do it! You got this! Keep going! Learn from your mistakes! It’s all good! Do you feel better already? Mentorship helps new entrepreneurs boost their confidence, which, in turn, enhances work performance and success.
It’s Good for the Mentors
Maybe you’re the seasoned entrepreneur. Would a business mentorship help you, too? The answer is a resounding, yes! Being a mentor hones your leadership and management skills, but it also encourages you to explore creative solutions and enhance your business. A brainstorming session has a lasting effect on everyone involved. Plus, playing cheerleader and helping someone all day can boost your mood, make you feel good, and bring you happiness.
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Passion is an essential piece of the entrepreneurship puzzle. Without it, it’s more challenging to get your footing as a new entrepreneur. It’s a driving force behind preliminary success, and it’s easy to find in the beginning. But what happens when it starts to wane? How do you find your passion again and again? Any seasoned entrepreneur will tell you that passion will fade. It’s inevitable. But the key to prolonged success in starting and running your business is always to find your passion, even when it takes a temporary hiatus. Why? Because without it, it’ll be challenging to keep your energy infused in your daily tasks. The Magic of Passion in Entrepreneurship Passion is like a magic wand for new entrepreneurs: it can change the things you don’t like into exciting endeavors. When you’re enthusiastic about something, those menial, tedious tasks magically become stepping stones leading you to your goals. Of course, not everything will be butterflies and rainbows. But doing something with emotion will always feel more natural than doing it without, and it will often bring you more success. So what do you do when that magic is gone? Find Your Passion at the Start When your energy fades, or you start to experience burnout, it’s often a loss of passion. You had it once before, where is it now? The secret is to go back to the beginning. If you seek business coaching, you’ll learn the importance of keeping a personal record of your journey. If you write down why you started this endeavor, you can quickly and personally remind yourself of that essential ingredient. We all need those reminders of why we dove into entrepreneurship in the first place! Connect With Clients & Customers As new entrepreneurs, life is usually inspiring despite the challenges. Your adrenaline is pushing you through, dominating roadblocks. But when we start to sink into the pile of mundane tasks, the passion can quickly begin to fade. Remind yourself of why you started your business (as in #1) and then connect with the people you’re helping. When you take some time to reconnect with the WHY and interact with your devoted clients or customer base, then you’ll eventually start to feel the magic again. This process will need repeating as you continue your journey. Seasoned entrepreneurs know that passion is something that you’ll chase for many years. Find Your Passion in Other Things Life cannot be all about your business! If that’s the case, you’ll undoubtedly experience burnout and lose passion forever. Instead, diversify your sources of energy. If passion starts to fade in your work, take a little break, and explore it in something else for an afternoon. Maybe it’s baking or gardening or hiking. Refresh your passion in something else so that you can insert it back into your business. Reach Out to Your Community In business coaching, this step is imperative to both new and seasoned entrepreneurs. Sometimes, you merely need to connect with someone else who “gets it.” Every business owner will experience this multiple times, so reach out to your safety net and ask them to help you find your passion again. Most likely, it’s just a phone call or a cup of coffee away. The Power of Positive Thinking Here’s the catch: when your passion starts to fade, it’s still inside you. It never leaves your mind; it’s usually just clouded by exhaustion and negative thinking. Enter the power of positivity and positive thinking. It might sound silly at first, but positive thinking is a common tactic in business coaching and successful entrepreneurship. By focusing on the good, you’re essentially focusing on your passion. Don’t squash honest emotion—when you feel bad, let it out. But then, try to center yourself around positive energy, which passion loves.