The word “mentor” has been buzzing around the web lately. Still, few entrepreneurs know precisely how they can benefit from a mentoring relationship and how they can find the right mentor to advance their professional growth.
But what exactly does a virtual mentoring relationship look like in practice? In this article, we'll cover how entrepreneurs can achieve their professional development goals through the help of mentors, why mentorship is a symbiotic relationship, and how you can find and create a long-lasting relationship with a mentor to advance your business career.
Achieving Goals through Mentoring
When starting a business, many entrepreneurs are starting with a blank slate. Entrepreneurship can be uncharted territory, and that's why so many small businesses end up failing.
Common mistakes can be devastating and could be easily solved with some expert guidance.
- Mentors who have experience building things from the ground up can offer essential perspectives to help entrepreneurs succeed.
- Perhaps more importantly, mentors can provide a confidence boost for mentees struggling to get their business off the ground or advance in their professional development.
- In fact, 92% of mentored entrepreneurs on MicroMentor reported an increase in confidence in one or more business-related skills over time.
Mentors know the road you are traveling through like the back of their hands because they have already traveled it. For them, it's easy to contextualize your business situation, present opportunities for overcoming roadblocks, and advise you on the right path to get from point A to point B.
Mentoring as a Symbiotic Relationship
While the benefits of mentoring for mentees are apparent, you might not realize the value of mentorship for mentors themselves. Mentorships are symbiotic relationships that can be fulfilling to both sides.
- For mentees, they can learn from the mentor's wisdom and lived experience.
- At the same time, mentors can gain insight into their areas of expertise by teaching them and can expand their network through mentoring.
With a development-driven attitude, the objective of a business mentor is to be able to view your business with fresh, unbiased eyes and guide you instead of solving problems for you.
That brings us to perhaps one of the most underrated components of a mentorship relationship: networking.
- Mentors tend to welcome their mentees into their network, which means increased access and opportunities for collaboration for the mentee.
- A mentor's network is as valuable as the experience they can share with you. At MicroMentor, we've seen time and time again how the right personal reference can turn the tide for an entrepreneur's business.
- In the future, the mentee may return the favor to the mentor in other ways, such as through business partnerships and networking.
Mentors can help inspire meaningful change, impacting their mentees and helping them create long-lasting systemic changes to improve their communities.
Where to Look for a Mentor
This is where we come in. MicroMentor has built a global community of entrepreneurs and mentors who come together to build and support small businesses and build a vibrant professional future.
And the best part? MicroMentor is completely free to use.
Our community is more than 10 years in the making and has gathered more than 100,000 members to date.
What does this mean for you? That finding a mentor is now easier than ever, and you're not expected to pay anything to make that connection happen.
We've seen some incredible collaborations happen over the years, with users from all over the world, including Kenya, Peru, Sweden, and Nepal.
MicroMentor’s mentoring network is a place of growth for entrepreneurs and mentors who are building a brighter future through personal and professional development and growth.