Every Business Entrepreneur Should Have a Mentor

A must for any home based business entrepreneur is a mentor. Have you met yours? This is a person with more entrepreneurial business experience than you possess who becomes someone you can trust over a period of time.

You may wonder why having a Home Based Business Mentor is important for the development of your online business. You may have friends and family that you respect their opinion for certain areas in your life but not necessarily for your business. That’s where a Mentor can help guide you in the right direction for your business ventures.

If you are an entrepreneur and have dreams of running a highly successful business, I would highly recommend that you go out and find one. It’s not easy to find a good Mentor but they are out there and are willing to work with you to build you a successful Home Based Online Business. When I found mine it made a world of difference in my approach to having an online Internet business. It has made a huge difference in my success on the Internet and when you find yours you will start having the success that you want for your business.

You might be asking yourself at this point, so how do I find a Mentor?

It’s not always an easy task but one worth researching for the future success of your business.

Here are a few key characteristics to look for in a Mentor:

1) Do they share the same values that you do?

2) Make sure you have good rapport with this person and are willing to listen to them, even if it is something you may not want to hear.

3) Does your Mentor have goals that line up with yours?

4) Are they willing to use their energy and time with you? (Assuming you don’t waste their time)

You may be thinking “Why would someone want to Mentor me, for free?” The answer to this, most of the time, is by helping and guiding you to build a profitable business, this helps them build their business at the same time. So it’s a win, win situation.

There are numerous advantages in having a Mentor at your finger tips:

* They have “been there and done that” on their side.

* They provide this experience to you for “free.”

* They expand your networking world because they may put you in touch with other experienced people you would have never had the opportunity to work with.

* You will develop a long term and trusted relationship over time.

* You will end up with a highly successful home based business.

Once you find your Mentor for your business, I am assuming you want it to be a healthy and long lasting relationship, I highly recommend that you respect them by doing the following:

1) Respect them by not wasting their time.

2) Be absolutely honest with them, even when it might have them respond with something you don’t want to hear.

3) Stay focused on the business task at hand.

4) Show up on time for any appointments with them. Let them know in advance if you can’t make it.

5) Keep all commitments you have made with them.

6) Make sure to finish all projects they have assigned.

7) Come to the table with a positive outlook and be solutions oriented.

If you follow these simple guidelines, it will make for a successful and profitable business relationship for the both of you.

My final thoughts on this subject: “Go find a Mentor if you don’t have one already.They can provide you with a path of prosperity for your business life. As you can see, there can be many rewards and the risk is zero! They are essential for the home based business entrepreneur.

Business Entrepreneur Ideas

Finding ideas for a new business involves identifying something someone wants, or better still something someone needs. Any salesperson will tell you that needs-based selling is much easier to achieve. The cliche is that the top salespeople can sell ice to Eskimos. That is most assuredly not needs-based selling.

If a business entrepreneur cannot identify a need in their audience, the next best thing is to find an idea that taps into a passion – a want. When people are passionate about a subject, their rational mind is relegated to the back seat and their heart takes over. Often, wanting something defies logic. All luxury goods in the world defy any rational reason for their existence, but companies make millions from selling them.

Combining a needed product with desired qualities is a sure-fire way to make money. Everyone in the developed world wears shoes, therefore you’d class them as necessities, but it is the fashion industry that has turned shoes into must-have items.

Thus you have this third hybrid group of products:the must-haves. Not simply needed, not only desired. Must-have products are a marketing dream, and this should be the pinnacle for any business entrepreneur.

the Must-Have Entrepreneurial Idea

So where exactly would you look for the next big must-have? One area that is arousing increasing interest and is set to continue in that trend is the whole eco-friendly and sustainability business. As the earth’s natural resources are plundered to death and we all belatedly wake up to the realization that we need to reverse the damage we have done to the planet, ideas and products designed towards this end are becoming ever more popular. These might not create the products we usually think of when we imagine a must-have item – which in truth are usually quite dispensable luxury goods – but as we are forced to readjust our priorities, eco-friendly products and services may well come to define the ultimate in must-have, and business entrepreneurs who can tap into this vein will, and already do, make serious profits.

Another evergreen area for entrepreneurial business ideas is the personal health and fitness industry. Anyone reading about the shocking and worsening obesity statistics in the developed world might think that people no longer care about their health and well-being, but the inevitable by-product of this is a massive backlash in the form of a parallel quest for increased fitness in the non-obese, and a desire to shed the weight in those who are obese.

The bottom line is to find something that a person can feel truly passionate about. Both the longevity of the planet and our own personal longevity are ideal candidates for the genesis of some great entrepreneurial ideas.

Do You Have the Special Qualifications it Takes to Be a Mentor to Online Business Entrepreneurs?

Are there special qualifications for being a mentor to online business entrepreneurs?  Do you have them?  You must decide for yourself.

I have encountered many people who declare they are the best business mentor because they have made a lot of money online.  Yet, it is obvious from their actions that they lack character.  Many are more adept at taking your money than in teaching you how you can become an ethical success.

The qualifications for a being a good mentor to an online business entrepreneur start with having your own mission and vision for excellence in business, whether you are in  internet marketing or a home-based business.  You demonstrate those in your behavior every day.

You care that everyone in business, including online entrepreneurs and home business owners, respond to the expectations of clients, consumers and the general public, that honesty and integrity are integral to a successful business.

You are a standard-bearer for the idea that businesses owe a debt of gratitude, because being a success is a privilege.  So you share a commitment with other online business entrepreneurs to promote professionalism in all aspects of online business. 

You do not give in to failure and encourage others through your own example.  You recognize that it is through the failures that you learn and become more confident in yourself and your ability to get back up when intractable setbacks occur, sometimes one after another.

Finally, you realize that you do not have all of the answers and that continued education in your industry  is the best way to grow.  You are passionate about personal development as a means to help yourself and other online business entrepreneurs remain successful.

Qualifying For Success As A Home Based Business Entrepreneur

Entrepreneurial success is gained through the accomplishment of mission and objectives. Success and failure are tied directly to the entrepreneur’s reason for being in business, that is, their mission and objectives. Success requires being both effective and efficient.

With clearly stated mission and objective and producing the intended resulted, the entrepreneur is termed as being effective. Efficiency describes the relationship between the resources used and the extent to which objectives were accomplished.

The effective and efficient entrepreneur uses three basic management skills to accomplish the mission and objective of the business.

Technical Skills: the ability to use tools, techniques, and specialized knowledge to carry out a method, process or procedure. A typical example for us online marketers is the use of the autoresponder, imagine emailing thousands of prospects without such tool.

Human skill: used to build positive interpersonal relationship, solve human problems and build acceptance of one’s customers. Even though the autoresponder is such a great tool for communicating with one’s prospects, the human factor cannot be absent. The successful home based business entrepreneur knows that in order to gain the trust and loyalty of the prospect, personal communication has to be present.

Conceptual Skills: careful thoughts are taken about how decisions will affect the business overall and are made to benefit the entire business. Analytical, creative and intuitive talents are conceptual skills that an entrepreneur must develop.

Integrating these three management skills and continuously improving them will work wonders for the home based business entrepreneur as the business progresses.