They say it’s lonely at the top. But not for an entrepreneur who has a coach, consultant, advisor, and mentor. Each plays a key role in an entrepreneur’s success. So, how does an entrepreneur decide when to seek help from a coach, consultant, advisor, or mentor?
The above chart shows different circumstances when an entrepreneur needs a coach, consultant, advisor, and mentor.
The Role of a Coach
“A coach is someone that sees beyond your limits and guides you to greatness!” – Michael Jordan
“A great coach tells you what you need to hear, not what you want to hear.” – Sagi Kalev
Benefits of having a Coach:
- A Coach brings out the best in you
- Gets you outside of your comfort zone
- Improves clarity, focus, and productivity
- Short-term engagement
- Example: Leadership Coach
The Role of a Consultant
“Consulting is the business of giving expert advise to other professionals.”
Benefits of having a Consultant:
- Does it for you or with you
- Brings expertise that your team lacks
- Helps you reach your goals faster
- Short-term engagement
- Example: Strategy Consultant
The Role of an Advisor
“A person who advises in a particular field”
Benefits of having an Advisor:
- Gives recommendations
- Has rich experience
- Helps you in making important decisions
- Long-term engagement
- Example: Board of Advisors
The Role of a Mentor
“A mentor is someone who allows you to see the hope inside yourself.” – Oprah Winfrey
Benefits of having a Mentor:
- Inspires you
- Acts as a personal guide
- Does it for free
- Long-term engagement
- Example: Warren Buffet to Bill Gates
Conclusion
“If you want to go somewhere, it is best to find someone who has already been there.” – Robert T. Kiyosaki
An entrepreneur can’t succeed alone. The best-kept secret of an entrepreneur’s success is the network of Coaches, Consultants, Advisors, and Mentors that help an entrepreneur successfully navigate through the challenges of business.
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