While you may have a great idea for the product or service that will be the foundation of your new business, you may be lacking in knowledge and experience in other areas. This may cause complications and this is why it is critical to have a reliable source of information to guide you.
A start-up mentor can be of great help and value in this regard because a good mentor has years of experience in mentoring businesses in your niche and they can foresee the outcome of your current actions in the future. This is the reason that more and more start-ups are opting for business mentors to guide them through the initial tough time of the business.
There is always someone nearby who has knowledge and experience in a particular field and can offer advice. These people serve as mentors in some ways. A startup mentor is someone who mentors a new business based on their knowledge and experience in starting and running a business.
But don’t be concerned if you don’t know anyone in the field. Throughout the sessions, you can consult with professional start-up mentors. There are several structured programmes available, including sessions with a mentor.
A mentor will give you an honest assessment of your business and will point out what is and isn’t working. Working passionately to build your business is a good thing, but you run the risk of developing tunnel vision and overlooking a few important details here and there.
A mentor can also examine your plan from a different perspective. As a result, he or she will be able to see many possibilities for growth that you would not, opening up new opportunities for your business.
These are some of the reasons why startup mentorship is becoming very popular not only in India, but all over the world. In fact, many enterprising people have setup coaching, consulting and mentorship companies that will work with you in building your business.