Importance of having a mentor in the start up
With great power comes great responsibility. And that is one of the main reasons why being an entrepreneur is hard. Being an entrepreneur without a mentor is even more difficult. Mentors bring with them a significant amount of knowledge and experience that can pave the way for entrepreneurs who are just starting to take flight. They understand the stumbling blocks that come along the way and have enough experience to judge the best methods to deal with them. For a more quantitative understanding, about 30% of start-ups fail in the first 24 months, and almost 50% fail to reach the five-year mark. However, 70% of mentored businesses successfully cross the five-year mark. That significantly highlights the importance of having a mentor in the start-up. ● While most new entrepreneurs have the drive and motivation to work hard to achieve their targets, they often lack the knowledge and experience. They let their emotions guide them when they come across a roadblock. But that is not the
