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A common desire for any budding entrepreneur
is to learn exactly what is involved in the funding and operations
process for a new entity -- preferably with hands-on experience.
The entrepreneur can read about how
to do it in books and talk to people about their experiences, but
the best way to learn all of the nuts and bolts about how to fund
and run a successful business is to have a personal mentor who has
already been successful in these areas.
Therein lies the problem.
It is difficult to get someone who
is busy with their own successful business to commit to diverting
time to help an entrepreneurial newcomer. Which should come as no
surprise. There is very little for the business veteran to gain
from the mentoring process, and everything to lose.
The mentor must spend time with the
less experienced entrepreneur, which means that some of the mentor's
own business duties will be neglected, and some money-making opportunities
may be missed -- not to mention the gnawing possibility, tucked
away in the back of the mentor's mind, that he may be giving the
benefit of his wisdom and experience to someone who may eventually
become his competitor.
Whether it's an internship or a mentoring
situation, it is still costly for the person giving the experience.
So how does an aspiring entrepreneur
convince someone whose time is extremely valuable to spend time
as a mentor? Here are some suggestions that may make it work.
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