It’s impossible to know it all as a new small business owner. Therefore, wise entrepreneurs will reach out for experienced advice to help navigate the choppy waters of small business.
What exactly can a mentor do for you? Part coach, part parent, part impartial judge, a mentor is someone who will share their wisdom. A mentor must be a person whom you respect and who has achieved the kind of success you desire. A mentor will teach you what to do, how to do it and be supportive through those dark days.
Specifically, a mentor can advise you on business strategy, tough decisions and day-to-day operations. A good mentor will also possess a wealth of business connections.
Be sure you’re open to being advised before shopping for a mentor. A good mentor relationship will be two-way, where you’re not afraid to speak your mind yet receptive to input.
Identify businesses you admire and approach the owner. Tell people you’re shopping for a mentor. Or, join a small business association such as the Toronto Board of Trade (www.bot.com) to meet prospective advisers.
Identify businesses you admire and approach the owner. Tell people you’re shopping for a mentor. Or, join a small business association such as the Toronto Board of Trade (www.bot.com) to meet prospective advisers.
Be sure to set clear expectations with your new mentor, such as how often you’ll conference and what you hope to learn. Agree in advance to dissolve the relationship at the request of either party.
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