Published on August 24th, 2013 | by Jose Vasquez1
6 Ways a Mentor Can Help Startup Tech Companies
Finding a good mentor might take some time, but the right mentor can help shape your entrepreneurial style and improve the chances of your startup tech company succeeding.
Corporate mentors exist to help entrepreneurs and career-minded individuals become more successful in their long-term goals and day-to-day responsibilities. Finding a mentor who is experienced in the realm of tech business can help you avoid common mistakes in business development and solidify your future goals.
These six benefits of working with a mentor can drastically improve your business model and put you in a stronger business position for years to come:
- Practical advice. Mentors are high quality sources of practical advice. They have experiences in similar, if not identical areas, and can relate their situations to yours in order to find a possible solution to your problem.
- Respect by association. Working with a mentor directly, depending on your area of expertise, can improve your credibility as an organization. If your mentor has a stake in the company or a title, you can use their authority to gain fast respect in the community.
- Leverage when dealing with politics. Whether you’re dealing with partners or with potential investors, your mentor can help provide a stable platform for political advice and negotiation. Seek counsel when running into political obstacles.
- Analysis expertise. Doing a full SWOT analysis is difficult even for the most experienced entrepreneurs, and working with a mentor can reveal elements of your model that you may have overlooked.
- Fresh perspectives and neutrality. Mentors can give you a fresh perspective on your products or services, giving complementary opinions that could highlight areas you missed. They’re also more likely to give you a neutral opinion.
- Networking opportunities. Your mentor’s connections can serve as possibilities for investment funding or for a first round of sales. Get to know your mentor’s network and use it to your advantage.
Don’t underestimate the value of an experienced corporate mentor. Always listen to their advice, even if you don’t take it, and allow the additional perspective to help illuminate your practices.