Fri 10 Oct 2014 | By:

Why You Need A Business Mentor (It May Save Your Startup From Demise)

Get A Business Mentor: It May Save Your StartupIt’s no secret the failure rate for startup entrepreneurs is painfully high. According to Bloomberg, out of 10 entrepreneurs, only two will actually succeed.

Ouch right?

As an active entrepreneur – you’ve got a lot on your plate. From planning your business to making it official, sometimes you can lose sight of the overall goals for your business. Trust me I know.

Eric T. Wagner has been incredibly positive forces in Startup Savant (+ projects in development), and it’s possible you wouldn’t be reading this if he weren’t in the picture. Not only has he helped craft and perfect what we do here at Startup Savant, but they’ve helped me keep my head on straight when things get overwhelming.

Because of how busy we are as entrepreneurs, and everything that’s at stake if you don’t plan things out just right, it’s really important to get an expert opinion from someone who has been there and done that in your industry. A mentor can:

So you might be saying, “Yea, that sounds great, but how much will this cost me?” While it’s true that you can pay thousands of dollars an hour for a mentorship, there are opportunities everywhere that that cost nothing at all. For instance SCORE’s business mentor program.

SCORE has experienced business professionals who volunteer their time to help startups and small businesses get the advice and knowledge they need to succeed. You can get help with your business liveplan promo codestrategy or anything else – free of charge. SCORE has more than 300 locations across America, with volunteers ready to sit down with you and discuss your business needs.

Although Startup Savant is not affiliated with SCORE, our mission is to see your business succeed. We’re happy to point you in the right direction for the right resources, even if we aren’t the ones who created them.

I’d like to leave you with a really simple quote to drive home what I’m saying. Think about it.

I’ve been blessed to find people who are smarter than I am, and they help me execute the vision I have.

– Russell Simmons

About Ryan James

Half hardworking hermit, half avid adventurer, Ryan founded Startup Savant to simplify entrepreneurship and pay it forward by donating a portion of all revenue to support children's education via