Cayenne Consulting

Make the Most of Business Mentoring Relationships

Earn What You're Really Worth: Maximize Your Income at Any Time in Any Market

Mentoring can be one of the most effective ways to avoid common entrepreneurial mistakes and refine business strategies and tactics. However, entrepreneurs often find it difficult to find a suitable mentor, or don’t know how to make the mentoring relationship worthwhile. Like any other relationship, both sides need to work at making the partnership effective.

A mentor is typically an older and more experienced person who takes a personal interest in providing guidance and advice. Entrepreneurs often don’t realize that they need to invest in the relationship, and be willing to truly listen – without being defensive – to the advice being offered by the mentor.

In Earn What You’re Really Worth, author Brian Tracy provides excellent advice on how mentoring, as well as other personal development activities, can contribute to your value and earning potential.

To this: Here are some tips on how to find and utilize the right business mentor, adapted specifically for entrepreneurs:

When you seek out a mentor, you must look for someone who genuinely cares about you as a person and who really wants you and your venture to succeed. That emotional involvement and genuine concern for you are the keys to real mentor contributions. Even business mentors for startups put an effort to have emotional participation in helping build and develop your startup.

Some people will say that you need to make all your own mistakes in order to learn. Yet there is plenty of evidence that the fastest way to business success is by standing on the shoulders of those who have already spent years learning how to succeed. If you can’t make a mentor relationship work, you should worry about the rest of your business as well.

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