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Gen-Y entrepreneurs are at the forefront of the shift in the way business gets done today. Still, a few critical “rules-of-thumb” still hold true, one of which is the value of experience. It’s crucial that younger entrepreneurs understand how to negotiate this knowledge gap to avoid pitfalls and accelerate their success.

Partnering with one or two close mentors as well as a network of less frequently consulted mentors should a critical part of your business-building journey. Having the advice of someone with years of experience in a similar industry means you’ll be able to accelerate the change you are trying to affect within your business landscape.

Even after launching my idea as an intern and witnessing first-hand its market potential, I did not feel ready to take on the risks involved with starting a company, so I sat my idea on the sidelines for a while. Only after I met my mentor, who has since become my most influential adviser, did I take the leap and start my company. My mentor provided me with the business fundamentals and life lessons that helped me build the confidence to successfully navigate my start-up journey.

To read the full, original article click on this link: Mentorship and closing the experience gap - The Globe and Mail

Author: Dave Wilkin