March 5

How a Mentor helps you Win

winning1You know where to find a mentor, why we fail to use mentors and how to set up a mentor relationship.  The next question is why use a mentor?  What exactly is the benefit to me?

When you own your business everything is on you.  When you make a mistake that costs money, it comes out of your pocket.  This is hard for new business owners to grasp initially when they have come from corporate America jobs where you are playing with house money.  In the short term you would rather not have this concept learned by making an error in judgement that you pay dearly for.  Mentors can help you sidestep certain mistakes the new business owners make.  The first step is recognizing that there are things you don’t know, that you don’t know. A mentor has been there and done that and will help you recognize your blindspots.  This simple aid can save your business thousands of dollars.  A good mentor is eager to help you avoid making these mistakes and allowing you the fortune of learning from his/her mistakes.

If you work with a mentor in your field (which you most likely should) then you get to take pages from their playbook to make your business profitable faster.  You can learn how to market, structure your offerings etc.  The important thing with this is that you get what you give.  It’s important to find ways that you can create value for your mentor as well.  The better you are at doing that, the better the information that you will receive.

Profitability is the bottom line benefit of working with a mentor.  Keep more money in your pocket with less expense and out more back in your pocket with increased revenue.  Work with a mentor to get your business to the next level that you are looking to achieve.

PS Podcast is here again.  Click on the button below to listen.

Loved this? Spread the word


Related posts

The First Step to Great Communication

Read More

Getting to the Root of Your Team’s Shortcomings

Read More

What to Do with Your Values

Read More

Let Your Team Work

Read More
  1. Brandon

    Great podcast! I am going to pass this onto my team, as mentoring is such a great tool/resource that Target encourages our team members to use.
    Keep the good stuff coming!

    Mike

    1. Thanks Mike for commenting. Mentoring can be a great resource for individuals personally and professionally. If you want to take the next step get help from someone who has been where you want to go.

  2. Th eproblem with most of us is that because we think we are experts we do not need a mentor. We must realize that we will always be in between: someone came before us and some will come after us. greta post here.

    1. Yinka,
      I definitely think that’s a problem. I think that is one end of the spectrum. The other end is that people also tend to discredit themselves and aren’t confident enough in themselves to ask for help.

Comments are closed.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get Our Weekly Business Coaching Tips