Making the decision to become a business mentor can allow you to leverage your skills and experience to help drive success in startups and small businesses. The benefits are vast and can be applied to your own career and the career of any protégé under your mentorship. Helping entrepreneurs to succeed can even benefit the local community and wider economy.
If you’re a thought leader but are yet to apply your skills as a mentor, then the following reasons will help you to understand why becoming a mentor could be one of the best decisions that you make.
Becoming a Mentor Takes Focus Away from Yourself
Reveling too much in your own success is not the healthiest thing to do. While there’s nothing wrong with enjoying your success and reflecting on your accomplishments, spending too much time focusing only on your own career (particularly in the later stages) can be unhealthy and lead to an internally focused and almost narcissistic personality. Even if this is completely outside of your normal personality, you could find that you become more insular in your business thoughts, which can make you resistant to change and set in your ways.
Mentoring takes the focus away from yourself. A significant amount of your time will be spent guiding and supporting somebody else’s vision, and this can be incredibly helpful for your own personal and professional development.
Mentoring Keeps You Up to Date with Current Ideas, Working Cultures, and Technologies
Whether or not you still run a business of your own, it can be beneficial to stay up to date with new ideas, working styles, and technologies.
Becoming a mentor is one of the simplest ways to stay in the loop so that your business mind remains sharp. Many successful mentors have noted that from teaching, they learn more about business and themselves than they would if they never took on the challenge of business mentoring. Supporting fresh entrepreneurs can make you an even better leader, which will be hugely beneficial if you are still in a career of your own.
Protégés can introduce you to new concepts that you may never have considered without becoming a mentor.
You Can Give Back and Watch Young Businesspeople Flourish
Taking on mentees or protégés can be extremely rewarding in a personal sense. It’s a way to give back to the business community, and you will leave your mark on society by helping to shape the business leaders of the future.
Everybody goes through life with different opportunities and experiences. Being able to impart knowledge on others will help to better society and improve opportunities not only for your protégé, but also for the wider community. Your mentoring could be the catalyst that leads to a successful company, creating hundreds or even thousands of jobs.
Using your own skills to help shape tomorrow’s business leaders will have a knock-on effect that lasts far beyond your career.
Mentoring Could Lead to Business Opportunities
At the very least, mentoring could lead to new business opportunities. While you should not consider mentoring strictly to advance your career, it’s still important to note that you could stand to benefit.
Your role as a mentor could give you the opportunity to invest in a startup, you could find yourself being offered paid training and consultation roles, and becoming a successful business mentor could even result in a position on an executive board.
The advantages of business mentoring should not be overlooked. Leverage your skills to support the next generation of business leaders, and you’ll gain numerous benefits while helping to ensure a thriving and highly educated business community.