Why people in the business world need a mentor?

When trying to start or impulse a business, many people start asking themselves questions like “how can I be successful?” or “is this the right way to do things?”. When this happens the recommendation is always the same: find yourself a mentor.

Finding a mentor is as important as having a great business plan. This happens because being able to nurture your business with the experience and advice of someone who has proven to know that it’s doing, is key to success.

No matter how good you did in school, how many people you know or how much potential you have if you don’t know how to use the tools at hand, your odds of succeeding decrease considerably. This (among other reasons) is why it is so important for individuals in the business world to find a good mentor.

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Image courtesy of Pixabay at Pexels.com

In this article, Suzzanne Uhland will share some reasons why it is crucial for people to find a mentor.

1 . It has been proven

The recommendation of finding a mentor in order to have better results in the business world is not a mere subjective opinion. According to Steven Berglas, from Forbes Magazine, studies show that those who have a mentor are proven to be more successful than those who never get one.

2 . It has no cost

What? Having a mentor is free? The answer to this is “yes, it is”.

Many people may find this hard to believe. But, a mentor is different than a coach and it doesn’t charge a dime. It is not about an insufferable case of generosity, it is about gratification for both the mentor and the mentee.

Usually, those who become mentors are already successful in their business field. They don’t need to be paid for the service they provide. Mentors do their job with a sense of serenity and gratification, knowing that they are contributing to the creation of a better world.

Besides all this, mentors tend to create a personal bond with their mentees. For this reason, the importance they give to their job, the love they have for their mentees and the knowledge they have to pass isn’t for sale.

3 . Relationships are personal

This is another item that many people may find hard to believe. This happens because most successful businessmen are well-known for being ruthless, and not giving a dime for others.

However, this is not entirely the truth. Actually, it is not even true for the majority of individuals in the business world, especially when it comes to mentorship.

Relationships between mentors and mentees are often personal. Mentors choose their mentees or vice-versa based on affinities or common interests. Sometimes, these relationships star without even knowing they are taking place.

A good way to illustrate this is the knowledgeable professor you met in business school and helped you boost your entrepreneurship. Or that experienced boss who looked after you when you were first starting to create your own company. All these people become part of their mentees’ lives and influence them in a personal and professional way.

4 . Inspiration is important

A mentor is an example to follow, and inspirational figure. They represent what any businessman wants to achieve. This is one of the reasons why finding a mentor is vital for a business to succeed.

Picture yourself as an entrepreneur who is struggling with many things. You still don’t know if you will make it to the next month and you wonder if what is happening to you has ever happened to anybody else. Then you look at your mentor and listen to its story. Suddenly, you find yourself in front of an individual who had to deal with countless ups and downs and succeeded in the end.

Mentors motivate entrepreneurs to keep moving forward. They become the inspiration we all need to succeed. They help us solve problems in a creative and useful way. They are also individuals that we respect, therefore, we are willing to follow their advice all the time.

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Image courtesy of Kaboompics // Karolina at Pexels.com

5 . Firsthand information and experience

It is not very likely for a person to be able to learn from the experiences told in books about how its business should be managed. Mentors are key to learn from the practice and not just the theory. They help you go through new situations and motivate you to learn about numerous subjects all at once.

A mentor is the voice of experience and knowledge. It is the best source any individual in the business world has to investigate about what may happen to its business or how to react to a difficult situation.

A mentor is not going to take a parental position. But, it will work as the perfect guide for the perfect situation. It will provide the necessary advice and recommendations to any situation that needs to be taken care of. Prove to this is that, all good mentors where once mentees.

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Mentoring According To Some Of The Most Famous Leaders In The World

One of the most important characteristics prosperous entrepreneurs and famous business leaders share in common is the understanding that success is not the product of a one-man show, but instead is the result of multiple efforts coming from many individuals who have a common goal and a shared drive to see those efforts realized.

Someone once said that mentoring relationships are often not mentioned by some entrepreneurs when they talk about their methods and their road to success because they believe this to be a sign of weakness. Nothing could be further from the truth, as having a mentor shows that you have a willingness to learn and that you understand that you are not yourself a finished product, but instead an individual who has yet much to learn and is eager to do something about it. That type of mindset shows great strength and a keen sense of responsibility, something that is commendable and that sets the right example for others to follow.

Famous mentoring relationships are common today as many of these names that have become a staple, talk about their mentors with fondness and give much credit to these partnerships by counting them amongst one of the most important building blocks of their own success.

Richard Branson – Virgin

Richard Branson’s appreciation for mentors come from his early age and the lessons learned from his eccentric uncle Jim. Branson talks about how he saw in his uncle this ability to understand things that others simply mocked and weren’t able to fully comprehend.

These teachings are something that has always characterized Virgin’s CEO as a man who takes risks and that looks at the world from a different perspective. It is important to note that some of those risks aren’t always successful, but the ability to look past the preconceived notions of others is a great virtue that one should nurture.

When it comes to business he also gives a lot of credit to Sir Freddie Laker, especially during his times of struggle while trying to get Virgin Atlantic off the ground. Branson knows that having the courage to admit that a mentor can help you is one of the trademarks of a great leader.

Mary Barra – General Motors

Mary Barra is another outstanding leader who has been successful against all odds, especially during a time when the automotive industry was struggling like never before. She believes in the strength of mentorship as a multifaceted strategy that should address several aspects of the individual. Not only worrying about the business side, but also the personal growth of both people involved in the partnership. Barra talks about the importance of building a network of mentors while having in mind your mid-term and long-term goals in order to map out strategies to get there. She also talks about not having to always look up to seek your sources of strength but to also look at your peers and your employees as prospective allies in your path to growth.

Mark Zuckerberg  – Facebook

More than 1 billion people are currently active on Facebook. When you talk about success, Facebook’s co-founder and CEO is one of the people you will most definitely think about. Mark Zuckerberg created a company that definitely changed the world and he attributes a lot of his success to one of the men who inspired him with his mentorship, that man was Steve Jobs. Jobs talked to him about the importance of building a team above anything else, and how it was so crucial to instill in that team a sense of accountability and focus on the mission at hand. It is important to understand that sometimes your mission needs to go beyond what it is that your company creates. He taught him about building something bigger than himself and being able to truly touch people’s lives.

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Image courtesy of Dan Farber at Flickr.com

Bill Gates – Microsoft

One of the most famous mentoring relationships in the world is probably that of Bill Gates and Warren Buffet. Both Buffet and Gates are in the list of the world’s wealthiest men, and they have both built their empires from very humble beginnings. Gates has mentioned in numerous interviews that he great appreciates the way Warren Buffett helped him to learn to think in long-term and how setbacks are simply part of the journey to accomplishing bigger and better things. He also talks about the man’s ability to break down complex situations into simple concepts that can be easily analyzed and explained.

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Image courtesy of Red Maxwell at Flickr.com

Bill Gates is not the only one who feels fortunate of having Buffet as his mentor. Warren Buffett himself admires the way Bill Gates handles wealth and how he feels that he has an intrinsic responsibility with the world and with using his position of privilege to change the world for the better.

For more great articles check out Suzzanne Uhland’s blog today.

* Featured Image courtesy of Red Maxwell at Flickr.com