How mentors fill gaps in a founder’s business
1 May 2019 3:04 PM GMT
Mentors to startup founders draw on their own experience to help young entrepreneurs get a handle on finances, scaling up and building the brand.Ask any entrepreneur and they will happily name the mentors and guides who helped them in their journey, from relatives to industry veterans
- "Coming from a business family, my father was the first one to help me when I decided to start Mr. Milkman, in 2015.
- Being in my final year of college, I had no idea of how to run the show, how to manage finances and deal with compliance," says Samarth Setia, founder of Mr. Milkman, a dairy tech startup.
- As someone just starting off, Chandra, like Setia, wanted to try a lot of things quickly.
- According to Debashis Chatterjee, director, IIM Kozhikode, "Early stage startups require what I call 'wider' mentoring whereas growth stage startups require 'deeper' mentoring.
- For Wakefit's Garg, sometimes the mentor's idea might not click with the founders completely.