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Entrepreneurship: Is it better to have a mentor while building a business (to increase odds of success) or to learn on your own terms through failure?
PE
PE
Pez Elias - Amazon FBA Expert & Multichannel Online Retail eCommerce Consultant - Founder of 7-Figure Online Business, Amazon FBA Consulting & Multichannel e-Commerce answered:

A business is a great way to enhance your income. One way to increase the chances of your success is to learn from other experienced and successful business owners (or coaches). While making mistakes always teaches you something, it is very desirable to have access to a mentor that can show you the way.

Running a small business is very challenging to say the least. A small business owner is expected to deal with some of the most difficult problems imaginable, include figuring out a way to pay the bills, making sure sales are strong, deciding where to invest precious marketing dollars, not to mention employee issues, technical disasters as well as a host of other things. No matter how difficult things get, there’s always a solution. It’s important that small business owners seek the advice of other people with similar experiences in order to gain insights into tackling these day-to-day business challenges.

After years in the e-commerce industry I have gained a tremendous amount of experience through my successes and from my mistakes. Don't get me wrong, I am very grateful for my mistakes and failures because I learned a lot from them. But sometimes it's really nice to avoid costly mistakes by getting advise from an experienced coach.

A good coach can share their knowledge about pressing business issues. They can inform you about useful technologies and what it takes to run a successful business. They can give you insights into the best strategies that they have used in their own business as well as the steps you should take to avoid making some of the same mistakes they had made.

Hopefully you will benefit from this information and will use it to build your own successful businesses.

If you have an pressing business issues or follow-up questions please feel free to reach out so we can discuss them.

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