Being A Successful Entrepreneur

Being successful often means learning from those who have already achieved their entrepreneurial goals. Having a mentor is an interesting and amazing blessing to an entrepreneur; but not everyone can find one in person. Mentorship is a personal developmental relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person. The mentor may be older or younger, but have a certain area of expertise. It is a learning and development partnership between someone with vast experience and someone who wants to learn (Caela, 2015).

The idea of mentoring has entered the business domain to provide entrepreneur and business people opportunities to reduce level of risk and failure in doing

Playing games you do not understand is very dangerous, so mentoring in entrepreneurial process is actually an attempt to learn the strategy of business success from experts who were there before you. Mentors are crucial to the success of entrepreneurs and small business owners. Mentors work through a variety of organizations and help their communities create and grow great businesses with one common goal – to help their peer entrepreneurs and small business owners succeed by supporting their efforts through teaching, training, and consulting. Strategy, a detailed plan for achieving success; the bundle of decisions and activities that entrepreneur choose to achieve long term goals could be through mentorship. Entrepreneur has to figure out what is wanted to achieve and then how he is going to make it happen, with products, customers and operations probably using mentor’s guidance.

This research paper examines the role of mentorship in entrepreneurial success. The specific objectives are; to identify possible benefits of mentorship to entrepreneurs; to examine the effect of mentorship on the entrepreneurial activity. It’s an exploratory paper which reviews some key areas that actually relates to the subject matter of mentorships and success of been mentored in

This definition of mentoring does not specify the when mentorship entrepreneurial mentorship should actually end. This could be seen as assisting a mentee to plan the affairs of business activity and provide necessary guide that will lead to success of the entrepreneurial business. Harrington (1999) defined entrepreneurial mentoring as the relationship that involves one entrepreneur acting as a ‘critical friend’ or ‘guide’ helping to oversee the career and development of a less experienced