📺 Stream EntrepreneurTV for Free 📺

4 Benefits of Finding a Mentor Trial and error is inevitable but it isn't the exclusive method for learning.

By Timothy Sykes

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Westend61 | Getty Images

Aristotle wrote "Those who know, do. Those that understand, teach." When it comes to your career, learning from a mentor who truly understands your industry is an education worth its weight in gold.

A mentor is someone who is in the same or a similar industry as you, but further along in their career. Because they have a greater body of knowledge and experience, they are able to teach you invaluable lessons that you'd otherwise have to learn the hard way. Ultimately, a mentor finds fulfillment in "paying it forward," and you get to benefit from their targeted teachings and guidance. Here are four reasons why you need a mentor:

Related: 5 Kinds of People Who Will Help You Succeed as an Entrepreneur

You won't make avoidable mistakes.

Mistakes can be some of your biggest teachers...if you're able to learn from them, that is. I know this very well, because I made plenty of mistakes when I was first starting out in my career. I didn't have a mentor when I was starting out in my career. It was a different time, and my field of trading low-priced stocks was a very small niche at that time.

Because I didn't have a guide, I made plenty of mistakes when I was just starting out. I learned from my mistakes, I persisted and eventually found success in my field. And because I experienced that, I want to help others avoid what I had to go through. Think of it this way: your mentor has probably made plenty of mistakes, and by learning from them, you can get a sort of get out of jail free card that can help you avoid unnecessary mistakes in your own career!

Related: 3 Secrets You Must Know to Find and Work With the Right Mentor

A sense of community.

The irony of the technology age is that while we're more connected than ever in some ways, real and meaningful connections seem to be waning. More and more jobs are remote. Even in a crowded office, the pervasive culture of "busyness" can be very isolating and alienating.

By consulting with a mentor, you can learn targeted and relevant skills, ask specific questions about your field, and receive advice that can help you succeed. Even if it's conducted via phone or email, this real and true sense of connection can be a powerful step toward fostering a sense of community in your field.

Become self-sufficient.

There's a famous adage that goes "Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime." Rather than offering up a how-to guide or a lesson plan for how to be successful, a mentor's job is to help guide you to become self sufficient.

Ultimately, this is what will help you get ahead in your career. After all, the landscape of just about every industry will change as time goes on, so it's better to focus on developing self sufficiency and the ability to think for yourself. This will allow you to develop your own problem solving skills and work toward attaining your goals. A mentor can help you do this.

Related: How to Get the Most Out of Having a Mentor

Streamline your learning.

The traditional image of a mentor is as a sort of all-knowing seer, but this isn't exactly the truth. A mentor is simply further along in their career, and while they haven't learned everything, they definitely know more than you. By seeking the guidance of a mentor, you can streamline your learning process and cut through a lot of the initial learning curve in learning about your field. This means that you can benefit from their hard-earned knowledge and hit the fast forward button on your own journey.

Hopefully, this will guide you toward greater (and faster) success. Who knows: a few years down the line, maybe you'll be able to offer similar guidance by becoming a mentor yourself.

Timothy Sykes

Entrepreneur and Penny Stock Expert

Timothy Sykes is an entrepreneur and a penny stock expert, trader and advocate. He has been featured on CNN, Fox News, CNBC and more. Watch his media appearances and speeches on Youtube here.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Scientists are increasingly using ChatGPT and other AI bots to write studies.

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Science & Technology

Exploring How Virtual Reality is Changing Startups

Virtual reality's immersive environment is where startup marketing is headed, and early adopters will be the ones who profit.

Business News

'They're Scared': PNC Arena Bans New York Residents From Purchasing Tickets Ahead of Rangers, Hurricanes NHL Playoff Matchup

The two teams will face off in Game 1 of the second round of the Eastern Conference fight for the Stanley Cup.

Starting a Business

Clinton Sparks Podcast: How T.I. Achieved Massive Entrepreneurship Success in Music and Life

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.