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 The Difference Between Coaching and Mentoring ​ In any sort of organization or business, the idea is to compete within a defined market and ultimately profit. Of course, competing within a niche often requires a very specialized level of expertise among employees who are the heart of any company. This is why a lot of […]

Launching or running a business is exciting. You get to claim your independence. You can finally make the rules. But the details can bog you down.

When you don’t have experience, you can get overwhelmed by questions about what to do to ensure success or how to make business decisions that are specific to your industry. Mentors have been through it and can give you their support and share their wisdom with you.

Experience can be a very harsh teacher. That’s why many of the most successful people have a strong ability to learn from the mistakes of others. But there is only so much that entrepreneurs can glean by reading advice columns or biographies of great figures in their industry. One of the best ways to bridge the often-perilous gap between book learning and lived experience is through a business mentor.

There are many professionals who will volunteer or donate their time to others in need of advice or support, and these people can come from all kinds of backgrounds. This happens between two people, and it is known as a mentoring relationship. It is usually a more experienced person in the same field of work. This relationship can be established informally with someone who is a supervisor, manager or even an employer. This relationship might also happen with a person who is in a senior position or who simply has more experience in a particular field of work.