Type of paper: Essay

Topic: Business, Entrepreneur, Entrepreneurship, Venture Capital, Mentor, Role, Investment, Stock Market

Pages: 2

Words: 550

Published: 2021/02/09

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Business Mentors or Mentoring

Introduction
According to Sujan (all) in his article; “An easy way to connect with mentors and investors”, any start business has its own challenges. As a result, it is important for any entrepreneur who wants to start up a business to seek for guidance and assistance on business ideas from a mentor. Mentors usually have a prior experience on the challenges that one may meet when starting up a business and they usually have some ideas on how to succeed in such a business.
Business mentors are seen to be part of the accelerator programs that play a great role in assisting entrepreneurs to make good business decisions. There are various benefits that an entrepreneur can gain from a mentor or accelerator programs. First, these programs create mentorship opportunities to entrepreneurs. A mentor plays a vital role to any business beginner as he or she provides any easy path that an entrepreneur can follow in order to succeed in his or her business. Sujan (all) reveals that, accelerator programs have valuable connections implying that when an entrepreneur signs up in an accelerator program, he or she is connected to stream of other successful entrepreneurs who have been in business for long. As a result, this entrepreneurs act as his or her mentor by sharing their valuable knowledge and skills on the best path to follow to succeed in a business.
In addition, accelerators offer motivation to a new entrepreneur. When a new entrepreneur engages to other entrepreneurs for long time sharing business knowledge, he or she develops a notion that he or she can also make it through his or her business. He or she is able to see the other entrepreneurs business work rewarded something that impels him or her to work hard in order to ensure that he or she also succeeds.
Furthermore, accelerators offer access to the market and customers. Sharing business information as a new business entrepreneur with other experienced entrepreneurs, assist one to understand where to get the best markets for his or her business. In addition, they also help one to understand where to find customers for his or her business depending on the products or the services one is ready to offer. Besides, they also play a great role in helping one refine his or her sales process in order to be able to find potential customers.
Finally, accelerators play a great role in keeping a new entrepreneur on his or her toes. For any business to be successful, it is important for one to be committed in whatever he or she does. Existing entrepreneurs help keep one in toes by offering competition to his or business in order to ensure that he or she thinks critically and gets committed to his or business.

It is recommendable for any entrepreneur who wishes to start a business to seek guidance and assistance from a mentor. A mentor to such an entrepreneur offers the best ways in which one needs to follow in order to succeed in his or her business. The mentorship program should be the first move of any entrepreneur before he or she starts a business.

Conclusion

Business mentorship plays a great role to a new investor. This is because it provides him or her with any information he or she may require to put into practice in order to be successful. For instance, a mentor is a source of motivation, offers access to customers and market and keeps a new investor into toes. As a result, he or she helps to develop the future of the new entrepreneur in business.

Work Cited

Sujan, Patel. “An Easy Way to Connect with Mentors and Investors”. The Wall Street Journal. < http://blogs.wsj.com/accelerators/2015/04/09/sujan-patel-an-easy-way-to-connect-with- mentors-and-investors/>. 9 April 2015.

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WePapers. (2021, February, 09) Recommendation Essays Examples. Retrieved August 04, 2021, from https://www.wepapers.com/samples/recommendation-essays-examples/
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"Recommendation Essays Examples." WePapers, Feb 09, 2021. Accessed August 04, 2021. https://www.wepapers.com/samples/recommendation-essays-examples/
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Recommendation Essays Examples. Free Essay Examples - WePapers.com. https://www.wepapers.com/samples/recommendation-essays-examples/. Published Feb 09, 2021. Accessed August 04, 2021.
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