Many business owners struggle and make costly mistakes which cause frustration and a decrease of passion for their business.

If you possess endless determination, lots of time and an abundance of spare cash then you can definitely pursue learning by trial and error. However, even if you are part of the minority in this position you still risk becoming disillusioned, losing focus and joining the majority of business owners who have tried and failed.

Stop and ask yourself if you really want to keep making costly mistakes or if you would be better off investing in getting knowledge and wisdom from someone else who knows more about your business than you do.

When selecting a business-mentor, one should consider if the mentor has experience in your chosen field. Is he/she experienced in the mentoring process? Is there a visible track-record?

Be sure to consider the structure of the mentoring process. Will you be able to get all the answers you need to make the best possible decisions?

Take the first step towards building a healthy relationship with your mentor by isolating what you are wanting and when you want it by.

Did you know that over 90% of new businesses fail within the first 5 years? You can see that there is a 90% chance your business will fail also. Are you using the same “crash and burn” approach most businesses use or are you one of the few who learns from others who are “in the know”?

While many business owners spend time learning new techniques and strategies, often the approach is fragmented. It’s easy to move a little in many directions without getting any results. Working with a mentor can make your life a lot easier as a good mentor will have a strong overview of your business and the steps you can take to get the results you are wanting. Trial and error approaches can cost us a lot of money and time in the long run.