So, you have the idea, a team and proper funding but you need to find that next piece to gain an edge on the competition. You need a mentor. Small business growth is difficult, but outside help in the form of a mentor or consultant can help. Taking your idea from the drawing board to a successful product requires skill and knowledge, so surround yourself with the right people to take your startup to the next level.
Below are 5 of the many benefits that come from mentors:
Individuals acquire knowledge as they both triumph and fail. After years, possibly even decades, in the business world, experience is gained. A mentor for a startup will bring what all startups typically lack: experience. Most startups are founded by inspired and hard-working people in the early parts of their lives, but many have not done anything like that before. Outside help, whether from a mentor or consultant, can bring new knowledge and help make the right choices for your startup.
When you’ve worked for a long time on an idea, it can be hard to see the flaws. After focusing on what it will be like as a success story, you may overlook aspects that will hold it all back. A trusted mentor, or business growth consultant, will be realistic and honest about what potential your idea has. They will shed light on both the strengths and weaknesses of the plan and assist with any corrections. Receiving constructive criticism is difficult to hear at times, but it may save you time, money and potentially your whole startup.
Complete the Team
The combined skills of your team may not be enough to successfully turn the startup idea into a thriving business. Experienced mentors can complement your existing team as well as provide help to find new talent. Having likely sought the right talent before, your startup mentor/consultant will know what to look for and how to efficiently expand the skillset of your team. Completing your team with other members that bring new skills and opinions will only serve to benefit the startup as a whole.
There is nothing wrong with wanting success. You’ve poured everything into the idea. Be cautious about the typical pitfall of startups that fail: rushing. Rather than thinking strategically and removing potential flaws, many race to launch and fall flat. This is not to say that slow is always better because being overly cautious can lead to missing your window. Mentors will help you find the right pace for your startup and navigate the timing of the entire process.
On a more personal level, a quality mentor will share your worries and guide you through the process. They counter fear and hesitation with experience and reassurance. When it comes to the success of a startup, the self-confidence of the entrepreneur is essential. A mentor with experience can help you rise to new challenges and be more confident.
Do not underestimate the benefits of having a mentor.
Find a great one and you gain knowledge, confidence, and advice that comes from years of real-world experience. Not everyone is as lucky as Steve Jobs or Bill Gates, who had some of the best business mentors, so seeking outside help is the best option.
Contact our team at MarketFit today to add our experts to your team. We provide startup accelerator programs and hands-on assistance with all facets of the business. From marketing strategy help to one-on-one mentoring, we provide clients with everything it takes to turn a startup into a company. https://marketfit.wpengine.com/accelerator-programs/