7 Reasons Why You Need a Business Mentor

Harry Potter & Dumbledore; Luke Skywalker & Obi-wan Kenobi; Bruce Lee & Yip Man…

Rocky Balboa & Mickey Goldmill; Warren Buffet & Benjamin Graham…

Heath Ledger & Mel Gibson; Marissa Mayer (CEO, Yahoo) & Larry Page…

The list could go on and on. But, take a look at many of the successful people you know.

Most of them have mentors and coaches to guide them.

Of course, it’s still possible to go through it alone and graduate from the school of hard knocks. Are there successful stories like that too? You bet.

But it comes with many additional buckets of blood, sweat, and tears.

And since achieving your goals or dreams will probably come with a lot of these already… Why not find a mentor to help you out?

In our context, a BUSINESS mentor.

(If you’re looking for a boxing or light-sabre fighting mentor, then… Errrrr… You’re in the wrong place, my friend).

A mentor not only makes the journey more meaningful, enjoyable, and less lonely.

But when you finally succeed and look back on your journey… it also feels good to have somebody to thank and acknowledge.

After much research spent looking at the top performers in a wide array of fields…

Here are the top 7 reasons why you need a business mentor:

1) A business mentor saves you time and money

image source: https://www.linkedin.com/pulse/20140803055605-126460795-time-or-money

image source: https://www.linkedin.com/pulse/20140803055605-126460795-time-or-money

With a mentor, you’re able to have someone to guide your business actions and decisions.

Imagine going into business, in a whole new market, with a whole new product…

You are sure to face many uncertainties and roadblocks.

Having a mentor in such a situation can help provide you with guidance…

So you can learn from their past mistakes and avoid huge losses.

So you can learn from their successes to improve your business sales.

And this eventually saves you a ton of time and money (plus buckets of painful tears). Since you have somebody more experienced to point you in the right direction.

In the context of business (and many other areas)… having a mentor could mean a difference between success or giving up (out of frustration and helplessness).


2) A business mentor can encourage you and keep your morale high

image source: http://www.askclash.com/

image source: http://www.askclash.com/

If you’re currently a business owner or entrepreneur, you know that this game isn’t a bed of roses… or a bottle of creamy peanut butter (with extra peanuts inside).

It can be tough, painful, and bitter… no matter how much you try to avoid mistakes and losses.

there are times when you totally feel in the dumps, and feel like throwing in the towel.

It’s at times like these when a mentor comes in handy. Not only are they able to encourage you…

But they’re also able to help you reflect on your mistakes, advice you on what went wrong, and give you a slight nudge to continue on the road.

And this road, if you persist enough, might just eventually lead to more sales and revenue for your business.

Sometimes, all we need is a little encouragement.

And a business mentor can best do that for you.


3) A business mentor keeps you accountable

image source: http://www.supervisorblog.com/

image source: http://www.supervisorblog.com/

We’ve all had experiences in our own life where “yesterday, we said tomrrow”.

And when tomorrow comes, we say the same thing. Again.

Being an entrepreneur, business owner, sales person, or any role that puts you in the driver seat requires huge discipline and commitment.

At times, we get distracted and lose our focus. We get lazy and procrastinate.

That’s part of being human (welcome to the club :))

That’s why having a mentor is a good thing, because they keep you focused on your business.

They hold you accountable, and you need to get back to them on your progress.

Otherwise… you just might get your butt kicked.
(*If your mentor doesn’t hold you accountable, ask him/her to do so).

This keeps you on your toes, and prevents you from losing your way in a jungle of distractions, social media, and never-ending youtube videos.

Which brings me onto the next relevant point…


4) A business mentor pushes you out of your comfort zone

image source: http://blog.ryding2health.com/2014/09/17/guaranteed-success-step-out-of-the-comfort-zone/

image source: http://blog.ryding2health.com/2014/09/17/guaranteed-success-step-out-of-the-comfort-zone/

As humans, we all succumb to comfort.

We do things that make us feel good and comfortable…

And sometimes, however hard we try to push ourselves, we tend to fall back to old habits and ways that keep us where we are.

At times like these, it’s important to have a mentor.
(*remember the last point on getting your butt kicked? It’s useful here as well)

They push you beyond your limits, force you to think out the box…

Make you question your limiting beliefs and assumptions…

And most importantly, help you reach another level that you never thought you could reach.

And when you reached there… they kick your butt and push you higher again.

Eventually, before you know it? Your business is growing rapidly and your sales are increasing.

Is it a comfortable process? Probably not.

Who do you hate most for putting you through such torture? Your mentor.

But, who gets the sweet rewards at the end of it all? You.


5) A business mentor keeps you inspired and excited

image source: http://melotel.com/giving-you-reasons-to-get-excited/

image source: http://melotel.com/giving-you-reasons-to-get-excited/

Assuming the mentor you find is a worthy one, and not some random guy or girl you pick off the street…

Then they will probably be a role model to you.

Warren buffet was inspired by how Benjamin Graham could make so much money, just from buying a single company.

Mark Zuckerberg was inspired by how Steve Jobs could single-handedly revolutionize an industry, with just a small handful of products.

Bruce Lee was inspired at how Yip Man could easily win combats without being the aggressor, but instead by re-directing the opponents force back at him.

If you have a worthy business mentor, you too will be inspired.

This puts fire in your belly and gives you the motivation and drive to continue working hard.

When you have positive role models and mentors in your business to guide you, your work becomes a whole lot more exciting and engaging.

So, make sure you find a business mentor whose results leave your jaws wide open and eyes popping out.


6) A business mentor has strong networks and associates that could open doors for you

image source: https://20somethingnothingrant.wordpress.com

image source: https://20somethingnothingrant.wordpress.com

Being a whole lot more experienced than you…

And having spend a lot more time in the industry than you…

A credible business mentor will most definitely know people in the arena who could open up huge opportunities for you.

Without a mentor, you’ll most probably have to do all these on your own.

From networking, to meeting people, to buying lunches for them, and maybe even walking their dogs for them…

These are things you could directly skip over if you have a credible business mentor in your industry.

he or she could recommend you to someone, and because of the endorsement already given from your mentor…

You could very easily scale your business profits and income without much hassle and effort.

Like the cliche saying goes – your network is your net worth.

And having a business mentor could possibly open up many profitable networks for you.


7) A business mentor keeps you humble and grounded

image source: http://blog.defenderdirect.com/humility

image source: http://blog.defenderdirect.com/humility

I have left this point as the last because, in my own opinion, it’s the most important.

If you ask any seasoned business owner or entrepreneur, you would probably get advice like:

– Stay humble
– Stay hungry
– Act foolish
– Listen more than you talk
– Dont be proud or arrogant. It leads to your downfall.

And that’s why it’s important to have a business mentor. because when you know that there’s someone else out there more experienced and better than you…

It keeps you hungry and humble. You know you’re not the best.

Thus you do not rest on your laurels. And you strive to improve and become even better.

This, in essence, is the key to success in business (and any aspect of life).

Humility breeds success.
Complacency breeds failure.

Thus, a mentor is a good person to keep you in check, and make sure you remain humble and hungry for more.

Only then can your business scale to greater heights.

To end off, it’s important to find a credible and worthy business mentor. It saves you a ton of time, money, and struggles.

Speaking of mentors…

If you want to get up close with an extremely well-known expert in the field of business, then you should come learn from Kane Minkus.

In his upcoming “Business Accelerator Live” seminar, he will reveal how he managed to build and grow multiple million-dollar businesses, before the age of 30.


He will even show you how to:

– Grow and expand your business

Boost your sales and customers

– Create and launch winning products and services

Many Singaporeans have already benefited from his coaching and mentoring.

Thus, if you’re a business owner, coach, consultant, salesperson, entrepreneur, or trainer…

Then you don’t want to miss out on this. Find out more about his upcoming seminar here:



Featured image source: http://www.halogensoftware.com/blog

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Max Koh

A writer and speaker at Wealthmastery.sg, Max Koh has taught hundreds of Singaporean online business owners how to use persuasive writing strategies to secure more customers for their business. In his free time, you can find him watching obscene amounts of movies without a trace of shame... and optimistically trying to fry a plate of rice without burning down the kitchen.

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