Here is why having a mentor is important for your small business.
They give you the benefit of their knowledge and experience.
Mentors have first-hand experience of running a business, and a lot of practical knowledge on different aspects of business. You can get the benefit of your mentor's invaluable knowledge and experience. You get to learn, through their experiences, how to deal with difficult situations in your business.
They help you network.
Since mentors have been out there for, probably, much longer than you have, they know how things work in the industry. They know people who can be of great benefit to you and your business. You can use these contacts, network with these people, and be immensely benefited.
They push you when required.
A mentor is ready to challenge you, encourage you, and push you whenever required. This pushing will help you do things you might not have thought possible to do, and take risks that you might not have thought possible to take.
They motivate and inspire you.
Mentors motivate you when you are down in the dumps. They can help you tide over a difficult situation and help you avoid burn-out. They can inspire you with the way they have run their own business and succeeded in it.
They help you save money.
You can learn from the mistakes of your mentors, and avoid making some of your own that way. This can save you from a lot of unnecessary experience, heartburn and anxiety. Having a mentor does not mean that you will never make a mistake, but it will surely help you avoid making quite a few.
They help you make money.
A mentor can connect you to the right investors, thus helping you raise funds for growth or expansion. They can help you earn profits by suggesting the best alternatives in different aspects of business. They will also help you make money by guiding you to profitable business deals.