I recently agreed to take up a consulting job for an upcoming conference center. One of the main reasons why I decided to do so; is that there is a business lady I wanted to work with. She is a business woman based in Nyeri; however she does business all over Kenya – her name is Irene.
I am humbled to have her as my mentor-ess (^_^). It’s amazing how much you can learn from someone who has a vast amount of knowledge and wisdom in a short period of time. I’m constantly learning a lot from her and I’m glad I chose this opportunity to do so. I never knew how important it is to have a mentor, especially if you’re a start-up entrepreneur.
Here are a few important things I’ve learned from her in such a short time; that will help any entrepreneur(s) out there.
1. Create more than one stream of revenue.
When you work on your start-up and it stabilizes; create another income generating project and if possible, another. This will guarantee when you have lows in the economy – especially in some industries, you’ll have a kind of cushion when it comes to the revenue you’re collecting. If possible, ensure that the income generating projects are in different industries. An example of how my mentor does that is by having a business in the hotel industry, one in the road construction industry and another as a wholesale distributor of goods to institutions and large organizations.
2. Be tough and authoritative
If you are a start-up entrepreneur; you will wear many hats, especially the one of a manager. You will have to make tough decisions especially when it comes to your employees. As important as it is to work with your employees and get to know them; you are still the boss. If there are difficult issues to be addressed; no matter how hard it is, you should address them. If you have employees who are likable but are not working well, make sure to address the issues at hand. They may not like it; and you may not either, but you have to do it. If you are a manager in an organization; some changes may be necessary to make, they may not please everyone – but you are the boss, so they will have to follow suit. Don’t be timid in your directions, be authoritative.
3. Have your own unique personal style
Don’t be afraid to dress the part as a start-up entrepreneur; dress accordingly. If you’re in a corporate setting; dress professionally and according to the industry setting. You can dress more casually if you’re industry calls for it; or if you are in the fashion industry – ‘dress to kill.’ Make sure you dress comfortably and appropriately. Select outfits that give you confidence and make the right impression. If you’re as brave and confident as my mentor, feel free to dress in bold colors such as yellow and red ^_^. They make a statement and your look exudes confidence as well.
4. Be generous: give and you shall receive
Most start-up entrepreneurs I’ve met and even heard about have big hearts; therefore it’s not hard for most of them to follow this advice. Give in any way that you can, it doesn’t have to be money, give your time to people in different ways. You can teach people a skill you know and want to help them empower themselves. You can share information about a certain topic that will help many people who have similar passion or interests but don’t know as much as you do (a great way to do this is starting a blog that offers information on a certain topic e.g. baking, saving energy using jikos, etc.). You can join a group of people who help others e.g. a church, youth or common interest group. You can volunteer your time or services to an NGO that helps people. There are many ways to give back to the community. Choose one way and start giving; you’ll be blessed in return.
5. Network – network like a fiend!
One thing I’ve noticed with Irene is that she knows a lot of people in many different industries and walks of life. She is a great connector and is always meeting different people as well as introducing me to different people as well. At first it seemed to me like a talent you have to be born with due to how easy it was for her. She has however taught me to be constantly on the look-out for experts in different fields, entrepreneurs who can help by offering great products and/or services. As well as just meeting people in order to enrich your life; spiritually, mentally or business-wise. I have realized you can gain insight on many topics and industries from certain people even at one sitting. I have gotten better at networking and even though I have a long way to go; with more practice it will come naturally to me in time. Ensure you do the same everywhere you go. If you identify great entrepreneurs and individuals who seem to have insight into specific things, get to know them. Connect with them, ask questions and if possible; keep in touch. You will grow exponentially when you learn how to network.
6. Have faith; in God and in yourself
I am a Christian and I have a very strong faith. Whatever religion you are, make sure you have a strong belief in your faith; it will keep you strong especially through the tough times (and they are many!) You should also make sure you believe in yourself and abilities. As start-up entrepreneurs; sometimes we often feel overwhelmed by some projects and we can start doubting our skills and abilities at times. It’s necessary to be self-motivated as an entrepreneur. Believe in your idea or passion in the same way you take breath every moment of your life. Have faith in your skills and ability to grow and keep learning. My mentor is the kind of person who encounters challenges in life and doesn’t seem affected by them at all. She always finds a way out or around any issue and believes they is always a solution. She has the utmost confidence in herself and her ability as a business woman; to me that is truly inspirational.
7. You can be a successful entrepreneuress and have a happy family life
In this day and age; many marriages don’t last and families are constantly breaking apart. A large reason is mainly due to the spouses being too busy to nourish their family life and work on their relationships in order for the marriages to work. A lot of start-up entrepreneurs (especially women) find it difficult to run a business and have a successful family life. It is not an impossible thing; one just has to work hard at the relationship and work as partners with your spouse. Many great business women have shown great examples of how it’s possible; my mentor is no different. She has a successful family life and maintains a good balance of business and family most of the time. She shares that it’s not a perfect life but she knows when to give her time to her family and when to focus on business – that is the key. Create time to nurture and grow your personal and family relationships even as you do business. It’s very important in life and especially when you need moral support. It’s very inspiring for me to see up-close how achievable it is (I won’t lie, I was skeptic before ^_^).
I hope these bits of advice will help you out as an entrepreneur; I know they’ve helped me a lot. You don’t necessarily have to go out and find a mentor; but it’s advisable to have one. You can even choose someone who inspires you and read about them; learn from their actions (and even mistakes) and if possible – connect with them.
Do you have a mentor, or just someone who inspires you, challenges you to be better and gives you guidance? Feel free to share any piece of advice you’ve learned from him/her below. Thanks!
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