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Mentoring for Entrepreneurs

Industries evolve and expand with the introduction of new skill sets. It is not feasible for businesses to hire and fire people on these evolutions’ whims and fancies....
Asking advice and ideas and bouncing it off to colleagues every day is essential for entrepreneurial success. This can be mentally taxing, especially when entrepreneurs receive daily updates from operations, finance, marketing, and other departments.
Over the years, there have been many debates about the ‘effectiveness’ of mentoring in the corporate world. Now, we have reached a stage where everyone gives emphasis on its importance.  Statistics reveal that 71 percent of Fortune...
Business startups often face a plethora of challenges in their day-to-day affairs. Entrepreneurs are constantly on the lookout for simple strategies and methods to boost their businesses. One of the obvious misses in any startup is the...
Top-tier companies in competitive industries are adopting any and every method available to make sure that their company is ahead of the curve. Today, the need to gain the upper hand over your competitors is more crucial than ever. As...
Behind every successful Entrepreneur is a good mentor who backs and supports the Entrepreneur on his or her entrepreneurial mission. Here are 7 reasons why every entrepreneur should have a mentor: Learn from their experience Mentors have gone ahead of you in...
Entrepreneurs are special! They are smart, knowledgeable, passionate and extremely driven individuals – a combination of traits that are difficult to be found in general population, but very common among entrepreneurs. These visionaries visualize and create things that most people...

In order to ensure that you are on the right track, you must absorb and process all feedback, good and bad. Many founders have shipwrecked their companies simply because of their resistance to hearing bad news, despite warning signs during initial meetings with friends, family, colleagues, and business associates. Keeping an open mind is necessary for entrepreneurs to build products and services that address an actual market. 

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Without a doubt, entrepreneurs are innovative, bold, and ambitious people. But without a mentor to guide them, many entrepreneurs - particularly first-time business owners - set unrealistic goals with the wrong team and an unvalidated product. Read on to see why the most understated resource that entrepreneurs need is an honest mentor. 

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