1. Wealth Without Risk
Webster’s defines “mentoring” as: Educational and/or professional development
support provided by an experienced colleague.
Every entrepreneur should have a mentor — someone who's accomplishments you
admire. Your mentor should be able and willing to share their knowledge and
experience with you as you travel down your own road to success. A mentor is
someone with more entrepreneurial business experience than you who serves as a
trusted confidante.
While there may be many people in your life offering up their “friendly” advice, a
mentor is a different type of relationship. You will surely get your steady stream of
information from well-meaning colleagues, friends, relatives, co-workers and even
industry experts. But your mentor will be your guide on an on-going, regular basis.
Mentors can be valuable sources of information at any stage of your journey,
offering a fresh perspective on problems and challenges because they're not
personally involved with your business like other advisors. Know that your mentor
is not just there to hear about your troubles, but to share in your success as well.
When looking for a mentor who’s right for your entrepreneurial needs, how do you
know where to start? First of all, rely on a mentor whom you know and trust. This
can be a professor, a local entrepreneur, a former employer or someone who’s
talents you have noticed and would like to learn from. It is important to find not
only a mentor who has experience and knowledge, but also someone you can trust
and feel at ease with.
At our company, Wealth Without Risk, students are encouraged to find a mentor
with experience investing in tax lien certificates. Or to sign up for our one-on-one
coaching program with a tax lien certificate expert. Spending a few sessions with a
mentor can be more cost effective and time efficient than spending and entire
semester sitting in classroom for a business course. Mentors have real world
experience that they can share with you in helping you to avoid the obstacles and
2. pitfalls that can often prove costly to those just beginning.
Most mentors agree to their position as a way of giving back to their community or
their industry. Some may do it to further hone their skills as a teacher, manager or
strategist. Keep in mind that a true mentoring relationship is always a two way
street. It’s almost certain that your mentor will learn about new ideas from you just
as you learn timeless wisdom from them. So, once you have found a mentor who is
able to work with you, don’t forget, you have asked this person for a huge favor and
a great deal of their time. It’s important to show them that you are serious, and will
always be respectful of their availability.
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