A mentor’s role is to share with you lessons from their experience in the hopes that you can learn them a bit more quickly and easily. They don’t have to have experience in your particular industry.
Expand Your Social Network
Your mentor, being an experienced businessperson, is likely to have an extensive network, and can offer you access to far more senior decision-makers than you currently have. And they will be far more willing to open that network up to you than some casual acquaintance from a networking meeting.
Long Term Relationship
Your mentor has no ulterior motive—no service or product to sell you. That combined with their experience creates a good foundation for trust. And as the relationship develops over time, that trust can grow even stronger.
Why does a mentor do it?
First and foremost, they do this as a way of giving back to their community and to society at large. A true mentoring relationship also works in both directions—they learn about new ideas from you just as you learn timeless wisdom from them.
An entrepreneur has no boss to turn to for advice or direction. It is all up to the entrepreneur to make the right decisions. A good reliable sounding board, second opinion, and emotional support are key pillars for an entrepreneur’s success.