The 5 Types of Mentors for Your Start-Up

Mentor and entrepreneur

Making good decisions comes from experience. Experience comes from making bad decisions. 

The fastest way to success as an entrepreneur is to fail fast and to learn from your mistakes. To reach even higher levels of success, you should have a voice to guide you so you don’t have to make too many of your own mistakes, you can learn from theirs.

These days mentorship isn’t only about the wise old sage that gives you a map on how to do business. Mentors can come in different shapes and sizes. Here are the five types of mentors your business needs:

The industry guru that provides guidance and inspiration. This mentor is the established professional with years of experience that you can go to to pick their brains and share a coffee.

The networker offers relationships and opportunities that may not be in your industry, opens you to new doors and ideas that you may not have known before and introduces you to people in other fields that can accelerate your growth.

The consultants are specialists in their fields are there to support you whether it comes to marketing, product, business development, operations, finance, etc. You can always count on them to help you make decisions about each aspect of your business with a clear perspective.

The money and investment head provides invaluable insight on how to grow your business and make it profitable, steering you in the right direction and ensuring your business is optimised for revenue and growth.

And lastly it is great to lean on a smart and trusted friend with whom you can bounce ideas, share stories and do a little venting when the occasion calls for it. An impartial ear can help you to clarify your thoughts and gain perspective.

Advice, guidance and a helping hand are incredibly important as you start and continue your business journey. If you need support in your business, contact us now to find out how we can help your start-up.