Whether an entrepreneur is grappling with the inception of an idea or its execution, the significance of having a mentor for sound advice and proper guidance cannot be denied. A good mentor helps an entrepreneur think through the business idea, suggests various ways to generate capital for the business, offers the benefit of his experience, and makes up for the know-how that the entrepreneur may lack in the field.

A helpful mentor will be sincerely invested in your entrepreneurial success. Having a mentor who believes in your business idea is a great confidence booster. Finding a mentor who genuinely cares for your success is rare, and there’s nothing quite like actually having one by your side.

Here are five great ways in which mentors invaluably help inexperienced entrepreneurs.

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