7 Reasons You Need a Mentor: 
And as your venture grows, odds are good that you'll need help with different things in broad categories like strategy, finance, people and product.
Do you know everything you need to turn your idea into a billion dollar company? If you’re being honest, you’ll admit the answer’s no. The great news is that if you’re part of the right network you can get the advice you need.
If you’re like many entrepreneurs, you have so much on your mind that you don’t even know where to start when it comes to figuring out what you need help with first, second, and third.
And as your venture grows, odds are good that you’ll need help with different things in broad categories like strategy, finance, people and product. What follows are the kinds of advice mentors can deliver in the first three categories -- and mentors who have helps start-ups with each.
1. Industry Vision
Your start-up should skate where the puck’s heading. If you are too consumed by the day-to-day, a mentor could help your start-up figure out where your industry’s heading so you can decide whether those tasks will lead to long-term victory.
LinkedIn Chairman, Reid Hoffman, can think about where things will be in five years and how to invest now in order to profit from that vision. Lee Hower worked with Hoffman at PayPal and LinkedIn and considers him a mentor.
Hower explained in a November interview that in 2003 Hoffman saw-- correctly it turned out -- that social networks would be important for business. As Hower said, Hoffman “was thinking about networks of people, products, and economic activity - which is why he ended up starting LinkedIn and investing in Facebook.”
And as your venture grows, odds are good that you'll need help with different things in broad categories like strategy, finance, people and product.
Do you know everything you need to turn your idea into a billion dollar company? If you’re being honest, you’ll admit the answer’s no. The great news is that if you’re part of the right network you can get the advice you need.
If you’re like many entrepreneurs, you have so much on your mind that you don’t even know where to start when it comes to figuring out what you need help with first, second, and third.
And as your venture grows, odds are good that you’ll need help with different things in broad categories like strategy, finance, people and product. What follows are the kinds of advice mentors can deliver in the first three categories -- and mentors who have helps start-ups with each.
1. Industry Vision
Your start-up should skate where the puck’s heading. If you are too consumed by the day-to-day, a mentor could help your start-up figure out where your industry’s heading so you can decide whether those tasks will lead to long-term victory.
LinkedIn Chairman, Reid Hoffman, can think about where things will be in five years and how to invest now in order to profit from that vision. Lee Hower worked with Hoffman at PayPal and LinkedIn and considers him a mentor.
Hower explained in a November interview that in 2003 Hoffman saw-- correctly it turned out -- that social networks would be important for business. As Hower said, Hoffman “was thinking about networks of people, products, and economic activity - which is why he ended up starting LinkedIn and investing in Facebook.”
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