I am quite a young entrepreneur and I was struggling a lot last year with my English eLearning business and I felt I needed someone more experienced than myself who was way ahead of where I was, in terms of success and revenue etc.
My requirements were quite specific, in terms of wanting someone who had experience in the education and ecommerce sectors, as well as knowledge and proven business experience in the Asia Pacific region.
I was looking on Google and ran into a lot of dead ends.
I came across Jonathan Pfahl and read some of his interviews about the importance of support he received when he originally started in business and the importance of paying for a mentor, as opposed to getting it for free.
I received free mentoring from the UK government’s Business Growth Hub service. The mentors there helped me but they hadn’t walked the walk so to speak in terms of them having successfully grown companies from nothing, which I feel is vital when advising others.
When Jonathan talked about the importance of paying for mentoring in the interview I read, he said that it holds you accountable and keeps you motivated.
As a working class lad from Manchester, the fees weren’t cheap for me and my family balked at the cost, but I knew that the value (if Rockstar were good) would massively outstrip what I would pay). This has definitely been the case for me in my experience.
Because I am paying for the mentoring sessions, I find myself really analysing things before each session because it is up to me to make sure I get the maximum benefit as I can from them.
Of course, I expect to get benefit from sessions with Jonathan but as the old saying goes ‘you get out what you put in’ and Jonathan is not in my business on a day to day basis, therefore I have to really articulate my issues and how he can help me decipher them.
Even just one nugget of advice from Jonathan has me thinking about it afterwards, and this is the worth the cost alone, never mind all the other advice and support given.
My Entrepreneurial venture has been, and still is, a struggle. However recently the benefit I have received from the mentoring sessions is starting to pay dividends since I began a successful collaboration with a much bigger company.
Jonathan has helped me to really nurture that relationship and assisted me in maximising and leveraging off this to improve my revenue.
As of last month, my revenue has doubled to $10,000 (USD) and I expect this to continue for the following months based on my projections. In previous months I was stuck on $5,000 (USD) a month and I couldn’t immediately see how this could be significantly increased in the interim.
Even after the sessions, Jonathan has put me into contact with other people that are able to help me with my business, particularly contacts who are able to help me progress in the Chinese e-commerce market.
I’ve also had great sessions with Ketan Makwana and Chelsey Baker too who gave me advice on international strategy and Public Relations respectively.
This variety of different expertise has helped enormously in various areas of my business and isn’t a ‘one mentor fits all’ approach. You can gain support from mentors who are specialists in their particular field of business expertise.
I would wholeheartedly recommend the mentoring sessions to other budding entrepreneurs as well as established entrepreneurs. If anyone would like to ask for my opinions on the mentoring sessions and whether it could provide value to them, I am more than happy to share my thoughts.