Having a strong support system is critical when trying to navigate the often-complicated world of startups. Although some may argue that entrepreneurs are “self-made” and should only rely on their own personal beliefs and ideas, experienced mentors have proven to be instrumental to many successful entrepreneurs.
Take Mark Zuckerberg for example. Steve Jobs mentored Zuckerberg throughout the earliest stages of Facebook. Or look at Bill Gates, who claims Warren Buffet is the “Oracle of Omaha” for his sage advice. These big-name entrepreneurs excelled largely from their own genius. But it’s important to note that good advice goes a long way. And where do we get good advice? That’s right, from mentors.
Often times, some of the best guidance you can receive does not come form a book but rather comes from the learned experiences of your elders. In fact, in a study conducted by Sage, 93% of startups have admitted that mentorship is a highly beneficial component to success. Mentors provide exceptional support and advice and also provide access to a bigger network of successful people. Because let’s face it, birds of the same feather flock together … Entrepreneurs who do well for themselves almost always are well connected with other successful entrepreneurs.
Another great aspect of connecting yourself with a mentor is the simple joy of receiving encouragement. It can be stressful and sometimes discouraging when launching a startup. But mentors are there to encourage you along the way and offer up support or new ways of handling curve balls. Don’t be afraid to reach out when you’re feeling down or unsure, mentors are there to help you pick yourself back up again.
What are your thoughts on having a mentor when launching and running a startup? Tweet @StarterNoise to tell us.
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Derek Rundell, is a successful business leader, operator, and serial entrepreneur. Derek has founded, managed and sold businesses in the technology, media and finance industries. He sits on several boards and serves as an advisor/investor to numerous established businesses and startups. Startups are Derek’s real passion, and in addition to building his own portfolio of technology, media and financial ventures, he invests in and mentors startups and entrepreneurs. He is passionate about sharing his knowledge and helping other businesses succeed.