Why Mentorship Is Essential for Side Hustle Success

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Behind every successful business leader are great mentors. Warren Buffet was a mentor to Bill Gates, while Steve Jobs was a mentor to Mark Zuckerberg.

It’s a winning business strategy, especially for 92% of Fortune 500 companies with mentorship programs.

You might ask, ‘Do side hustlers need mentors, too?’ Absolutely!💯 

Why Mentorship Matters

The power of mentorship is also reflected in small businesses. A study shows that startups whose founders were mentored by successful entrepreneurs are more than three times as likely to become top-performing companies than those without mentoring. Wow!🔥

And there’s more! Did you know that 70% of businesses that receive mentoring thrive for five years or more? That’s double the survival rate compared to those without mentors!

If you’re not yet convinced of the impact of mentorship, here are more reasons to work with a mentor:

1. Create an entrepreneurial advantage. Having your startup business or profile vouched for by reputable mentors boosts credibility, which makes it easier to approach clients, collaborators, and investors. Ka-ching!💸

2. Save time and resources. Learning the ropes on your own is time-consuming and requires a lot of resources. Banking on a mentor’s expertise, knowledge, and experience can prevent side hustle starters from making avoidable mistakes that cost money, time, and effort.

3. Spot golden opportunities.🎯Experienced entrepreneurs have a keen eye for spotting great opportunities for business growth. In fact, mentored businesses improved their annual revenue by an average of 83% compared to a meager 16% for those with no mentors.

4. Access the right tools. A mentor can recommend the best tools and platforms to accomplish your tasks efficiently and boost overall productivity. In turn, it gives you more time to focus on developing your skills and thinking of ways to bring value to your customers. 

5. Create valuable connections.🤝 Building a network is vital to your professional and personal growth. Mentors can introduce you to other experts, potential clients, and like-minded individuals who can help you grow your side hustle. By joining groups like the Fud community, you can meet fellow hustlers and learn from creator entrepreneurs who are successful in their respective fields.

How Mentorship Contributes to Side Hustle Success

Whether you're establishing a personal brand or promoting your skills for a side gig, a mentor’s guidance is vital to your success. They share valuable insights and effective strategies on marketing, sales, and operations to lay the foundation of a successful side hustle. Furthermore, they can show you the ins and outs of the business and industry so you can be confident in launching your side hustle. 💼

Remember, a good mentor motivates you to get out of your comfort zone and pushes your boundaries so you have room to grow. Working together, you can create a competitive advantage to thrive in the market.

Where to Find the Right Fit Mentor for You 👀

Are you ready to meet your mentor? Here are tips on where to find your perfect match.🤩

• Personal Network - a mentor can be a friend, colleague, or family member who you look up to and share the same values and vision.

• Virtual Mentorship - with technology, you can find a mentor anywhere in the world, as long as you set a schedule that works for both of you.

• Online Platforms - designed for connecting mentors and mentees, platforms like Fud is a great place for side hustlers and aspiring creators to interact and learn from subject matter experts.

How Fud Delivers Mentorship to the Everyday Entrepreneur

We at Fud realize the awesome benefits of mentorship. That’s why we make sure our mentorship programs are effective, accessible, and affordable to the common hustlers. That’s YOU!🫵

Effective

Fud maintains a roster of experts with proven track records to ensure effective mentorship. They are successful entrepreneurs who want to pay it forward and help fellow side hustlers like you. We hold our Fud experts to a high standard as we provide them with the tools, platform, and support to help budding entrepreneurs take action.

Peer-to-peer learning

Our Fud experts will be building a community and facilitating conversations to further cultivate the hustle mindset.💯 

Accessible

With only a mobile phone, internet connection, and dedication, you can access loads of step-by-step guides developed by Fud mentors. Live workshops are interactive and published in real time so you can learn practical tips and tricks of the trade from vetted experts. 

Affordable

Mentorship need not be expensive to be effective. Fud strives to make mentorship affordable so it can serve everyday entrepreneurs, with many monthly memberships only costing a slice of 🍕. You can find mini-courses on various side hustle ideas offered for FREE. What a win!✨

Download the Fud app now and find your mentor. Let’s hustle together!💪

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