One of the best places to find mentors is in your business’ investors. Investors are typically high networth individuals who’ve already experienced business success on their own. Their experience, knowledge and skills can help you avoid pitfalls and make the right decisions in every turn of your business. ==> The Money v.s. The Expertise When…
While some mentors will come and help you out for free, other mentors will be “paid.” Usually for startup companies, these kinds of mentorship opportunities are compensated through equity rather than through cash, as most startups don’t have all that much cash on hand. If you’re working with such mentors, how much equity is a…
One unique form of mentorship that’s open to entrepreneurs is incubators. Incubators combine traditional investing with a streamlined mentoring process to help take beginning entrepreneurs to a successful exit. What is an incubator? Is incubator mentorship right for you? Let’s take a look. ==> Incubator Basics An incubator is a business coaching program run by…