Startup Mentors

A startup mentor from a similar trade vertical and within the specific space of your startup would assist you to understand the nuances of the business and also the varied nature of the market. General mentors generally give generic recommendations and this, at times, wouldn’t be very useful for your startup. We have seen many Startups work with mentors that are not too relevant make mistakes that industry-specific mentors would never make.

It’s always best if you are mentored by somebody who has gone through the process of entrepreneurship and has succeeded as an entrepreneur in many ways. Mentors from corporates who manage large businesses are useful for general business problems, however, it is a ballgame that is different you will need to validate your idea, raise money and steer the organization through difficult times. Entrepreneurship is difficult and an individual who has walked that path can realize the problems that are various guide you properly. A mentor who’s got built an ongoing company from idea to exit is ideal.

A startup mentor that is great should assist you in finding great advice to the solutions for the issues faced by your startup—whether it is funding, technology, market access or organisation culture. The mentor should help advise you to build solutions to these issues creatively and efficiently, and bring forth his knowledge that is experiential to similar situations. The mentor must also allow you to look beyond the daily operational and issues which can trap the startup. The mentor should help you look at technologies and changing market dynamics, help you build alternate revenue streams, and scale and solidify your position within the market.