6 Ideas To Find Your Ideal Business Mentor

6 Ideas To Find Your Ideal Business Mentor

05 Feb 2022


Kieran Perry, is an independent business advisor, sales expert, and mentor based in Cheshire. He works with clients across the UK including London, Birmingham, Manchester and Newcastle.

He provide business owners and individuals with guidance, advice and action plans to give a shortcut of how to develop sales and a business structure, to ensure growth, and success.

If you are thinking of creating a company, be it a startup or a small business, the best investment you can make is to spend some time finding at least one business mentor. And yes, you have already created it and are thinking about how to grow your business, too!

The math is correct: 70% of businesses with a mentor survive twice as long as those without a mentor. Incubators and accelerators businesses have mentors for good reason.

In fact, leaving a budget to hire a business mentor is rarely remembered in the business plan until too late, and yet it should be something almost mandatory to increase the chances of success of your new business.

Normally, the entrepreneur is provided with the setup forms and the HMRC address to pay taxes. But rarely does anyone ask you if you have validated your idea if you have a business model, if you are clear about how you are going to make profit, and much less do they send you out on the street to find your first 3 clients Before starting to buy stock, hire staff or create websites and business cards.

why?

  • Having someone more expert by your side who has already navigated the same waters you navigate can accelerate your results exponentially, avoiding numerous headaches and mistakes.
  • You can make serious mistakes due to inexperience, and making the wrong decisions can ruin your life. You can sign an erroneous partner agreement, you can end up in debt or lose all your capital, leaving you with no opportunity to bounce back and get ahead.
  • Managing a business both at the beginning and in the growth phases is a very lonely and misunderstood task that can affect your relationship with your partner, family, or friends. Having a business mentor by your side keeps you sane and motivated to have clarity and focus on what is truly important.

 

The only problem many times is that, outside of incubator programs, accelerators, etc., it is not obvious to find a business mentor who has real experience in the area you need and who has the right personal skills.

Despite this, you can find your ideal mentor if you know how to look for him. Of course, you should not take the process lightly. It is a matter of common sense:

  • Define in advance what you need and what you are looking for
  • Be clear about what to ask your mentor
  • Choose the most suitable mentor for you with whom you really connect.
  • Be clear on goals and expectations.
  • Remember that your schedule is complex and your time is limited
  • Do not get angry if they say no to mentoring you since not everyone will be able to attend to you.

 

Here are 6 ideas for finding your ideal business mentor:

  1. Analyze Your Closest Circle

On many occasions, you can find excellent mentors within your family or close friends, people who may have more experience than you or know more about a particular sector or situation because they have already been through it. Likewise, you can send a message to your network of contacts proposing the idea and see if you connect with a suitable person for you and your needs.

  1. Use Social Networks

You can use social networks like Twitter or LinkedIn to find your ideal mentor.

Idea: contact other professionals and businessmen that you admire and ask them for advice, normally nobody takes it badly, remove the opposite.

  1. Read blogs and specialized publications

Read specialized publications and select the professionals with whom you connect best or from whom you learn the most. Not only do you learn from them by reading, watching, or listening to them -which amounts to “indirect” mentoring- but, on occasion, you can contact them and depend on the professional you can discover that they will be happy to dedicate a few hours of their time to you.

  1. Search in your same sector

Sometimes, your own business sector or industry can be your ally. For example, you can consider contacting the head of a company larger than yours, in which case you are not usually perceived as a competitor, and suggest exchanging experiences, ideas or simply asking for advice or if they know of any mentors in your area.

  1. Create a “mastermind” group

Create a group (face-to-face or online) with other entrepreneurs in your same stage of development and even inviting more experienced entrepreneurs can help provide you with valuable experiences and prevent you from making business startup mistakes.

It can be as simple as meeting up for coffee with another entrepreneur, etc. In fact, it helps me and I think that openly sharing challenges, problems and solutions is positive because we help each other and we learn.

  1. Hire a professional business mentor

Hiring a professional business mentor is probably one of the best investments you can make. It will help you accelerate your results and achieve your goals sooner. In the beginning, we all think that we can learn by ourselves and we hear messages that starting a business is easy or that getting ahead on the internet is a matter of magic tricks. Investing in a professional business mentor will help you accelerate your learning and move faster while making fewer mistakes.

The moral of this story is that, over time, You realise that cheap is expensive and unconscious ignorance has no limits… like pretending that an online store works in a month without investing in advertising, SEO, etc. Only with the passage of time do we realise the mistakes we have done. That said, do not pretend to know everything or do everything by yourself and ask for help if you need it. 

www.kieranperry.com