Startup accelerators provide entrepreneurs with the tools and resources they need to scale their ventures and promote rapid business growth. However, two of the most important resources you will find at a startup accelerator are entrepreneurship mentorship programs and networking opportunities. Here are some of the benefits of joining a startup accelerator, having a mentor, and connecting with other entrepreneurs when starting a business.
ENTREPRENEURSHIP MENTORSHIP FOR STARTUP ACCELERATORS
Generally, when you join a startup accelerator to scale up your business, you will be paired with a mentor, either one employed by the startup accelerator or a volunteer mentor, who will provide you with valuable information on how to expand your business. Entrepreneurship mentors are, usually, former startup founders themselves; therefore, they will be able to offer advice based on their own successes and failures. Additionally, your mentor will be able to connect you to others in the industry that can help your business grow.
Your mentor’s specific level of engagement might be higher or lower depending on your own involvement, so don’t be afraid to reach out and be direct about your business goals and what you want to achieve. To reach success as an entrepreneur, you must be willing to take risks and put yourself out there. After all, you will only get out what you put in.
NETWORKING OPPORTUNITIES AT A STARTUP ACCELERATOR
Typically, a startup accelerator will take on a few startups at a time, giving you the opportunity to engage with other entrepreneurs and startup founders as you learn and grow alongside each other.
Startup accelerators will also add you to the invite lists of weekly and monthly networking events and groups in your area, providing you with the opportunity to network with your peers, local business leaders, and potential investors. Networking is one of the most common ways that new startups acquire seed funding through startup accelerators.
From valuable mentorships to enriching networking opportunities, the benefits of a startup accelerator cannot be understated. If you need guidance and support getting your Triad-area startup up and running, connect with the entrepreneurs and mentors at Business High Point-Chamber of Commerce.
ENTREPRENEURSHIP MENTORSHIP IN HIGH POINT
At BHP-CC, we empower changemakers in our community to think big, dream big and make big things happen. Whether you’re an entrepreneur getting a new business off the ground, an executive growing a business to new heights, or an ambitious professional ready to supercharge your career, we’ll help you advance to the next stage with comprehensive mentorship programming, industry-specific coaching, and business growth resources needed for success. To learn more, contact us today.