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How to Find the Perfect Mentor in 8 Easy Steps

Meredith Wood

Meredith Wood

Vice President and Founding Editor at Fundera
Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.
Meredith Wood
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When finding a mentor for your small business, it can be hard to determine who will best fit your needs. Whether you want to launch your startup or take your company to the next level, it’s helpful to remember that you don’t need to find someone who will solve all your problems and answer every question you have. Many professionals have multiple mentors over their careers as their needs and goals change. At their core, mentorships are friendships founded on a mutual interest in achieving success.

Having a mentor has been shown to offer a host of benefits to emerging entrepreneurs and professionals. Over their careers, people who were mentored tend to have higher salaries and reach higher positions in their companies. A recent study found businesses with mentors were able to increase their revenue by 83%. It’s no surprise many entrepreneurs credit the survival and success of their business to their mentors.

While it can be daunting to ask someone you respect to become your mentor, remember that many mentors feel that having a mentee is an incredibly rewarding and worthwhile experience. And on average, mentors are promoted 6 times more often than their non-mentoring counterparts. So don’t feel intimidated by asking someone to be your mentor, as they will likely be happy to do it.

The best tip to keep in mind when asking someone to be your mentor is to first build a professional relationship with them that makes becoming their mentee feel like the next natural step. To learn more about how to find your mentor and foster a productive relationship with them, check out our infographic below:

Sources: Virgin | GoinsWriter | TheCut | Forbes | Bplans | HuffingtonPost | Harvard | Entrepreneur | GatesNotes | Wharton

 

Meredith Wood

Meredith Wood

Vice President and Founding Editor at Fundera
Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.
Meredith Wood

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