As an entrepreneur, we know your plate is full. While you’re busy working to establish your business, input from a trusted mentor can serve as an invaluable asset. Refining your growth strategies and embracing new perspectives can be achieved with a beneficial mentorship/mentee relationship.

Research has shown that 70 percent of small businesses that receive mentoring survive for five years or more, which is double the rate compared with non-mentored entrepreneurs.

At theBLOQparq (tBp), we recognize the importance of forming authentic, positive relationships. We take great pride in providing a hub for connection via the intelligent design of our multi-purpose community, allowing for thriving entrepreneurs to both give and find support. So, what are some of the benefits of mentorship? Read on!

Top-Notch Advice

Business mentors have a wealth of knowledge to share. They can offer you guidance based on real-life experiences. They can also provide invaluable insight grounded in first-hand failures and successes — both of which are necessary and normal experiences in any business owner’s life!

A Unique Perspective

Working with a mentor is a great way to gain a fresh perspective. It’s easy to get lost in a menagerie of business ideas while plotting a path forward. A mentor acts as an objective sounding board who can help you work through doubts and second-guessing. Business mentors may also be able to present suggestions you would not have previously considered.

Networking Opportunities

When you work with a mentor, you connect yourself to a vast network of industry contacts. With new doors now open to you, you have access to people who can transform into potential partners and customers. Introductions from someone like your business mentor will help to strengthen any new relationships you create immediately.

89 percent of those mentored go on to mentor themselves, contributing to a culture of learning and mentoring.

How To Find A Mentor

As an entrepreneur, finding a mentor is a scenario in which you have nothing to lose and everything to gain. However, connecting with the right individual will make the experience all the more beneficial. You’ll want to consider these questions when searching for your mentoring soulmate.

Do you understand what kind of mentor you need? Mentors can act as sponsors and supporters of your work, but others can help you focus on navigating your career path and directing your strengths. Understanding which mentor is the best fit for you is a solid first step in the right direction.

Is there someone in your existing network? The best place to start your mentor search is within your existing network, which typically includes former bosses, colleagues, and even peers. You can consider any experts you know and respect in the same field. Take a moment to reflect on the people that have supported you in the past. Was there someone that provided valuable feedback at critical points in your career? If so, they could be a potential mentor in the making.

67 percent of businesses reported an increase in productivity due to mentoring.
Source: mentorsme

Are you ready to take the initiative? When building relationships and connecting with potential mentors, you’ll want to take the lead. Your initiative involves plotting out the picture of what you desire through mentorship and crafting a relationship that mirrors it. The best way to prepare is to think about your business goals and how a mentor can help to support them. Make an effort to connect with potential partners, and the right mentor will inevitably rise to the top by expressing consistent interest in your path.

With the glowing benefits of mentorship shining bright, it’s easier to map a winning way forward for your business. tBp is prepared to support your blueprint for success with our customizable micro-retail and office spaces that will meet the needs of entrepreneurs just like you.

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