Five Reasons Why a Mentor is Vital for Successful Women Entrepreneurs

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Successful women entrepreneurs understand the importance of having a mentor.  In fact, developing a portfolio of mentors to meet different aspects of your life, both personally and professionally, is paramount!

Choosing a mentor is one of the most important decisions you can make as a professional.  Mentors should be those whose work you admire; possess strong leadership abilities; be an inspiration to you and others; offer solutions when you are faced with obstacles and invaluable insight.  Mentors are experts within a particular field and offer a wealth of experience.  They cheer you to the finish line!

Here are five reasons why mentors are important for your success as a woman entrepreneur:

Important Reason 1: A mentor will hold you accountable.

Often, business owners neglect important aspects of their businesses such as marketing, financial obligations or operations.  A mentor will hold you accountable for your actions, help you set realistic goals and assist you in finding ways to balance your time.

Important Reason 2: A mentor will help you define and reach short and long term goals.

Setting realistic goals for your business is important.  Your mentor will help you explore achievable goals, ask clarifying questions to help you define them while developing strategies to keep you focused from day-to-day pressures of business and family.

Important Reason 3: A mentor is ‘on the outside looking in.’

As you grow in your business, it is easy to reach a plateau.  A good mentor will bring a new prospective along with a fresh set of eyes.  This will help you work more efficiently with a clearer view of your company’s future growth.

Important Reason 4: A mentor is like a trusted colleague to discuss problems and find solutions.

When you hire a mentor, you gain a confidant; someone to brainstorm with – a great sounding board!

Important Reason 5: A mentor is worldly with a wealth of business experience to help you grow your business.

Is your marketing strategy stale?  Out of ideas for marketing to your clients?  Well, a mentor comes from a school of ‘hard knocks,’ a veteran in his/her own right and can give you sound advice from years of experience.

In closing, it is important to establish a clear understanding of your relationship with your mentor.  Ultimately, your mentor is there to help you focus on taking your business to the next level.

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11 thoughts on “Five Reasons Why a Mentor is Vital for Successful Women Entrepreneurs

  1. I like how you said that you should have a portfolio of mentors. I personally love to have individuals I can turn to who will answer my questions or tell me when I falter. The people that I consider my mentors probably don’t even realize they are my mentors. However, I interact with them as if they are such.

    Business owners can find mentors all over the place. Personally, I love LinkedIn. I’ve found many serious business professionals who are willing to give me free advice.

    In turn, I try to share what I know with others. It’s a wonderful cycle! You give and you get.

  2. Great post Sylvia! Every successful woman entrepreneur I’ve ever spoke to or interviewed for this blog has attributed at least some of their success to a mentor.

    Terez, I like what you say about having mentors that may not even know they are your mentors. It’s all about who you surround yourself with! Having a group of mentors around you with diverse skill sets and perspectives does wonders for your growth as an entrepreneur.

    My mentors are all very different from each other and this has really helped me. When I interviewed Marty Avery a couple months ago, one of her pieces of advice for women entrepreneurs was to find male mentors. I thought this was interesting; it goes back to having a diverse group of mentors around you though.

    So look around at your mentors. Who is missing in the mix?

  3. @Terez, thanks so much for your comment. I really like how you said your mentors doesn’t realize that they are. It sounds like you position yourself to be around people that can influence your growth. That’s great!

    @Natalie, thank you for featuring my article, it means so much to me. I am glad that the information is timely and relevant to your readers. Muah!!

  4. Many thanks Ms. Browder for the great article. I would very much like to find a successful mentor, but don’t know exactly how to go about establishing such a relationship. I recently approached one woman who I felt was a pillar in my community and a successful business woman only to have her tell me I should find a business coach instead. A little disheartening. Any tips on the best way to find a mentor?
    .-= Jaszy´s last blog ..The Daily Ocean =-.

  5. @Jaszy… thanks so much for your comments. Having a mentor is very important. Please don’t be disheartened by someone who obviously missed an opportunity to make a difference. There are people who are willing to help. Please email me at info@browderconsultinggroup.com and tell me a little about your needs.

    To your business success,

    Sylvia

  6. Sylvia and Natalie–

    Thanks for such a great post! I am certainly biased since I’m a business coach for mompreneurs, but I wanted to comment as a person who has deep respect and profound appreciation for the mentors in my life. I have a group of mentors I consider my “personal board of advisors” who are there for me all the time.

    Since I am a solopreneur, I experience all of the things you described in your post, Sylvia–I get overwhelmed having to make all the decisions by myself; I hit plateaus and can’t figure out which is the best next step to take; I just need someone to bounce some ideas off of and get outside of my own head; and I rely on my board of advisors to always “watch my back” and let me know if they see me making a mistake or missing something important. They’re also always there to cheer me on and celebrate my wins, and that feels so amazing!

    I spent several years trying to do everything myself in my business. Life became much more joyful when I surrounded myself with some amazing people to mentor and support me!

    Thanks again, Ladies!

    Lara Galloway
    The Mom Biz Coach
    http://www.mombizcoach.com

  7. I can really relate to what you’re saying here. I totally that mentors can really help us be better. I’ve had a problem with managing my time in the past, but thanks to my mentor, she taught me how to manage my time well. It really worked for me. I’m glad I met her, my life is now easier than ever before.

    You might want to check out this link http://performtoprofit.com
    It will help you achieve the most with your very limited time. Learn to manage your time and not the other way around. It helped me a lot, so I’m hoping it could be of help to you too.

  8. @Lara…bravo to you for having strong and dedicated people in your life that you can truly count on when you need them. It’s such an awesome feeling to know that people care about you first… and then your business. As you grow as a professional, others will seek you out as a mentor. Good luck and thanks so much for sharing.

    @Tracy… Yes, mentors are such an important part of your business and life! I am glad to hear that you took the necessary steps to seek out a mentor when you realized you had problems managing your time. Time management skills are extremely important. Several months ago, I wrote an article, sharing time management tips, please feel to look at it at your convenience, For Work & Life Survival: 4 Tips to Effective Time Management. I also visited Perform to Profit website, very interesting! Thanks for your comments and sharing!

  9. Silvia, this article is very interesting… a good reflection on the business environment today. My mentors are essential to my success, without a doubt! The funny thing is, most don’t even know that I think of them in that light. We all could use someone on our side to go to for advice!

  10. @Holly thanks so much for your comments. LOL, you are so right in that you can have mentors who don’t have a clue that you look up to them in that manner.

    Thanks so much… Sylvia

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