Millions of startups spring up yearly, but in 3 years, over 95% of these startups go out of business.
Don’t look at this statistic and feel disheartened. Facebook, Microsoft, just to name a few were once just ideas waiting to be made a reality with their creators having no idea of the impact they would soon have on the world.
So, why couldn’t the same happen to you?
For this, you have to understand that It is not enough to have brilliant and innovative ideas but necessary to have someone who has walked the startup path with years of successful experience to take a startup idea to a successful company.
The reasons behind a company’s success story aren’t always identical – but as with the recipe for any tasty dish, there are some ingredients you need to add to the pot to create a successful start-up. Many will tell you that ‘luck’ is one of them, and though this may be true in many cases, your destiny isn’t completely out of your hands.
Every present thriving startup today has and is surviving on a mixture of innovative vision, resilience, perseverance and, most importantly, specialist knowledge.
A mentor is an experienced, knowledgeable, and trusted individual giving guidance and personal advice to an inexperienced person. A startup mentor has threaded all the parts, sailed through the storms a startup will encounter, and has the ideas to guarantee a successful startup.
Having a guiding hand makes a difference; Startups are surrounded by so many distractions, easily swayed by new attractive ideas that will leave you confused and unproductive.
Productivity consultant Abigail Ireland says,” Having a number of trusted advisors and mentors around you is important when testing ideas, cutting through the noise, and trying to stay on track to achieve your goals.”
“It’s so easy to get distracted and chase after every shiny new idea, so having the right people around you keeps you grounded and focused. Learning from those who’ve already walked the path is an excellent way to avoid making costly mistakes.”
More than just helping you through a crisis, a good mentor will define what your startup is and what it isn’t(one of the most prominent problems startups face), and turn your idea into a viable business proposition, thus getting your dreams off the ground.
It’s never too early or too late to get a mentor.
Do you want to move from conception to successful realisation?
Make sure to get a startup mentor or Make sure to Enroll in Mountain Hub’s STARTUP MENTOR program coming up soon
MOUNTAIN HUB Brings The Light Out of Your IDEA.
Very rich and helpful information. I own a startup (livestock). And there are so many loses I’ve made that I wouldn’t have, if I had someone mentoring me.
I appreciate this free knowledge. I would pass it on to others who may need it.
Thank you
We are happy that you learnt.