10 April 2019
How having a mentor can benefit your business
Having a mentor at a crucial time in your business can make all the difference. You’ve started your business, you’re working at least part-time on it, your website is up and running, you’re generating revenue … then what? You might feel you need someone to help with professional and personal development, give advice and encouragement, explore new ways of thinking, help expand your professional network. You might want to consider becoming a mentee and pair with an experienced and successful entrepreneur. Our mentoring programme, for those based in London, matches mentees with a mentor from our Innovating for Growth programme.
One mentee, Tina Bernstein, founder of Mapology Guides wanted a mentor as they can “potentially help you move mountains. They don’t do the work for you. They believe in you and lend a much needed guiding hand, which is priceless when you run a small business.”
Sarah Orecchia, fellow mentee and founder of Unbeelievable Health agrees, “It was a bit daunting starting my business in wellness, an industry which was new to me, and I asked my father, an entrepreneur himself, for guidance. He suggested getting in touch with people doing similar things or those with market knowledge to ask for advice which I thought was a bit mad, 'contact strangers?! No way…'. He said at least one or two out of 10 people asked would be flattered and would probably be chuffed to help. One of my mentors (a father of a child in my daughter's school who I approached), had built and sold a very popular supplements brand and was immensely helpful, he shared all sorts of tips and contacts and gave me the confidence I needed to crack on and was there, quietly in the background for years, offering up help and advice when needed.”
Mentors will guide you through the challenging and rewarding process of running a high-growth business. One of our mentors, Amelia Rope, founder of Amelia Rope Chocolates encourages those who are thinking about having a mentor, “Mentors don't necessarily have the answers but they can help you find your own answers. For myself, I value someone who is non-judgmental, open, trustworthy, honest, has a solid track record and top of the list... a very good active listener. Some of the time, as a mentee, you need to talk, to air undigested ideas/thoughts... be listened to. Oh and a sense of humour is pretty vital too! Always appreciate the time your mentor gives to you. They are doing it out of kindness, free of charge and as an altruist.”
Tina also sees the benefits as a recent mentee, “Ask yourself: have you had bad experiences with people advising or guiding you in the past? Are you fearful of something? If so, what? What do you imagine would happen? Now turn it around and dream up of what could happen. Where do you see yourself in three years and how will you get there? These are all things that a mentor can help you with. They gently guide you, they hold you accountable, they are on your side, they want you to be successful. The most successful business people have had mentoring. The wise amongst us know that having a mentor is a crucial part in the journey of a business. I’d go as far as to say it’s critical!”
Amelia Rope has seen both sides of the journey and has benefited from mentors during her business lifecycle, “I have had mentors along my way. I have found that the right person tends to appear at the right time and then leaves when they have shared what I was in need of learning. I see it as a 360° experience, people move into your world when you need them (even if you are not aware at the time) and then they move on when you have absorbed what you needed to absorb.”