From having someone to share your struggles with to so having someone who is able to help you along the way, the support and honest feedback a mentor/advisor can give you is extremely valuable.
Some tips on choosing mentors:
Find someone who has been where you want to go, preferably another entrepreneur who has gone through what you're experiencing.
Angel investors make some of the best advisors/mentors, and can potentially protect your company from certain investors in the long run.
Set aside a small pool of stock to compensate mentors who bring lots of value to your business. Many of them do it for free, it helps to appreciate them for their time.
If you're unable to find yourself a mentor, reach out to us here and we'll hook you up with someone.
3) Join local events, conferences, and workshops
There is an increasing number of local events and workshops happening in major cities around the world. They're a great place to meet new friends, network, and just immerse yourself in an entirely different environment.
Although most of these networking events may not amount to anything much, it is a great place to learn and gain new perspectives of what's happening in the ecosystem.
Some tips when attending networking events:
Focus on identifying the needs of others and relating to them. You never know what you might discover from just listening to other entrepreneurs.
Be clear on what you're hoping to learn/gain from these events, and ask questions on areas you're unfamiliar with. Most people feel they don't benefit much from events because they're not asking the right questions, or even asking any questions.
Seek out community builders and try to assist or serve in some way. That's one of the fastest ways to get introduced to new connections in the space.
Sometimes 'doing more' does not necessarily translate to 'more results'. It is crucial to identify which are things you should be doing that translate to actual results.
In the midst of the everyday grind, it is sometimes important to take a step back and reflect on your past activities and future goals.
Go back to basics by using tools like the Lean Canvas to draw out an overview of your business. Constantly run and measure regular experiments to test and identify which areas garner the most results.
Not only will this give you a clearer picture of what you should be focusing on, you can simplify the tasks that you're working on to save you more time in the long run.
5) Apply for accelerators
If possible, join an accelerator program.
Not only are accelerators a great place to raise some small amounts of funding, the support, connections, and knowledge they can impart to you could mean a lot to the business, especially during the early stages.
Most accelerators take a small equity in exchange for the funds they give you and the support they provide. We believe this is a fair trade for the time you will save in the long run.
Help is out there, you just have to seek for it.
If your desire is to succeed, do not let ego come in the way of your progress.
Do not be afraid of letting someone know that you're struggling. Being vulnerable opens the way for others to help.
Sometimes the enemy isn't loneliness, it's ourselves.
To get started with connecting with other entrepreneurs, download the BEAM App here.