How to Find the Perfect Mentor in 8 Easy Steps

Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith Wood is the editor-in-chief at Fundera. She has specialized in financial advice for small business owners for almost a decade, and is sought out frequently for her expertise in small business lending. Meredith’s advice has appeared in the SBA, SCORE, Yahoo!, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, and more.
Meredith Wood

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

 

Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone. They haven’t been reviewed, approved, or otherwise endorsed by any of the companies mentioned above. Learn more about our editorial process and how we make money here.
Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith Wood is the editor-in-chief at Fundera. She has specialized in financial advice for small business owners for almost a decade, and is sought out frequently for her expertise in small business lending. Meredith’s advice has appeared in the SBA, SCORE, Yahoo!, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, and more.
Meredith Wood

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