As an entrepreneur it’s exciting to go it alone and create something on your own. However, the reality is that, while you have a great idea, you may need constant advice to overcome new challenges. Your education and experience could be in one domain like marketing or finance. Entrepreneurship is about managing multiple tasks – legal, marketing, financial, compliance and more. Many small business owners try to get that information from business books. While these can be helpful on their own, an experienced Business Mentor can be much more helpful. 

So why you need more than one mentor for your business?

Find a Mentor for Each Area of Business

Every business has different functions to it. When functions like sales are stagnant you will need a sales mentor to assist you with this. If it’s related to costs and cash resources are stressed, then you need a financial consultant to analyze the financial constraints. It is advisable to find a mentor for each area of the expertise you need to run your company. 

Similarly, for legal compliance, you will need a legal compliance mentor who has years of experience in that field. You cannot rely on one mentor to advise you on different aspects of the business. In addition, to giving advice and helping improve your personal business, mentors can prepare you with strategies that you can apply to your business. 

Maximizing Learning 

An important part of having multiple mentors is that it increases your learning and expands your focus.

Each mentor feeds something unique into your business. The benefit of having more than one mentor is that you have a record of advice and wisdom that you can choose from that can shape your business. Knowing that you have more than one credible mentor to turn to can give you confidence when facing difficult business situations. 

Plus, you must remember that your chosen Mentor comes with a lot of experience besides domain expertise. As an entrepreneur gaining from the advice of someone who has great experience and learnings, saves you time and money and fast-tracks your growth. 

Expanding your Business Network 

Multiple business mentors can put you in touch with contacts who can help you make your business more successful. The more networking you do, the more people you meet. And the more people you meet, the greater the odds are that you will have someone in your rolodex or your mobile phone who can help you solve business problems.

A part of mentoring is expanding your connections and network. By having multiple mentors, you can do this on a bigger scale. Every mentor that you have adds extra professional contacts that you can add to your network. This also improves your chances of finding opportunities as you have additional resources to draw from and extra mentors looking out for ways to help you.

A Different Perspective 

Business mentors can help you look at problems and situations from perspectives that you would not have thought of on your own. For example, as a new business owner, you may have trouble looking at your business through the eyes of a customer, potential investor, or government official. Your business mentor, who has dealt with these people often, can help you understand how your business will look to these individuals.

Having more than one mentor offers some assurance that you are covered from more than one angle. This could result in more personal growth and better development.

The Accessibility Factor 

A significant benefit of having multiple mentors is availability. When a business owner wants to speak to someone at a critical time, there will be at least one or two people available if the designated mentor is not available.

Starting a business is difficult, and many business owners face challenges early in the process. However, many business owners go through the same types of struggles. Hearing first-hand from your mentor about their experiences will help you realize that the struggles you are going through now will prepare you to be a better business person in the future.

The role of a business mentor is to identify or give an overview of business aspects where you essentially need a mentor. Think hard and decide on which part of your business needs support in terms of seeking advice from a mentor. 

At Jupiter Business Mentors, you will find a wide range of Mentors covering multiple specializations. Visit jupiterbusinessmentors.com, check the specializations and the mentor profiles and book a voice or a video call with a mentor of your choice. Avail the special offer – six free sessions with any mentor on the platform.