Oct
30

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My one big secret for retail business success is to get a small business mentor.

Having a small business mentor is the one area most retail business owners overlook, or underestimate its true value.  I think this is mostly because they have such a high degree of product knowledge and they are so convinced that it is their knowledge of their products that will get them through and create success - but it won’t.

Every truly successful person in business has a mentor, and it doesn’t matter what industry your business is. I have a mentor and I’m sure that’s how I got so successful so quickly. My mentor has a mentor. His mentor has a mentor. If you look at someone as widely successful as Bill Gates, he had Steve Ballmer as his mentor. Warren Buffet turns to his vice-chairman, Charlie Munger. So everyone successful has a mentor to help them.

Basically, you need to model yourself on someone who is already successful in business.  Ideally, your mentor is someone in the same line of business as you.  So you learn from their mistakes so that you don’t have to make them. It makes your business life easier and more successful, which follows on to your personal life also.

Now, I understand that my mentoring program isn’t for everyone. And that’s fine. I don’t have a problem with that. But if it doesn’t suit you, then you need to look around for someone else who does suit you and can help mentor you. Make sure it’s someone with a proven track record, and make sure it feels right for you. For retail business success getting yourself a small business mentor is strongest and fastest possible way.

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