Founders who have been mentored by a successful entrepreneur are three times more likely to become top performers themselves. Here are three important ways mentorship can help change an entrepreneur's trajectory.
to the growth of their startups. Mentors can help first-time founders avoid costly pitfalls and amateur mistakes, and serve as a guiding light in growth, marketing, hiring, and other aspects of growing a successful business. for reasons including, but not limited to, failing to achieve product-market fit and not having enough working capital to sustain growth.
With a successful exit, Taylor brings significant value as a mentor, and paying it forward means helping those who might otherwise not have had the opportunities.Aside from having mentors directly guide entrepreneurs through the challenges common of businesses in their early-stages, a strong network is essential to success. This network includes professionals both within and outside of an entrepreneur’s domain of expertise or their industry.
Veteran founders are often well-connected to professionals with various backgrounds, and when these founders are your mentors, introductions become an efficient way to build a support network. For instance, Taylor joined Stealth Mode, a community for African Americans in tech and entrepreneurship, where members leverage each other’s expertise, experience, and network to lift each other up.
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