Entrepreneurship mentorship is one of the best resources an aspiring or new business owner can have. Not only will mentors provide guidance based on real-world experience, they can also connect their proteges to other advisors and physical resources to help them navigate the business world. In addition, mentors can also provide feedback, reassurance, and motivation. However, in order to get the most out of entrepreneurship mentoring, both parties should understand the responsibilities involved and work hard to make the relationship a success.
While entrepreneurs are known for their creativity, this can sometimes backfire. For example, if you’re working on an idea that you think will be a big hit, it’s easy to fall in love with the concept and fail to see any flaws or impracticality in it. Fortunately, your mentor can take a step back from the idea and point out any pitfalls that may be arising.
Entrepreneurship mentorship can be informal and ad-hoc or it can be part of a formal mentoring program where the same mentee is assigned to a senior mentor who oversees the process and schedules meetings on a regular basis. In either case, it’s important to approach experienced business owners that you admire (either through social media or through a networking event) and ask if they’re open to guiding you through the pitfalls of entrepreneurship. If they are, then the benefits of entrepreneurship mentorship will be obvious to both parties. If they aren’t, you can always try again later or look for other mentors to work with. Entrepreneur mentorship