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Greg Bednar said finding a trusted mentor when he was starting out was a big step toward success.

Entrepreneurial spirit Finding a mentor early on a key

By Tim Krohn | Photos by Jackson Forderer and Pat Christman

S

tarting a small business is a dream of many a n d those w h o have done it or assist startups say there are plenty of pitfalls to avoid. The good news is there is a variety of support for those going it on their own. “The advice I’d give is

find someone in the same industry and seek them out as a mentor and advisor,” said Greg Bednar of Greg’s Champion Auto in Mankato. “You need someone who’s not in your marketplace, in your competitive area. It’s someone you can bounce things off of.” Bryan Stading, executive director of the Regional Center for Entrepreneurial Facilitation said RCEF provides free assistance to those looking to start a business and to existing businesses. Established business – usually with fewer than 20 employees – make up about 40% of their clientele. “We cover all the costs of all the business coaches. Everything is free to the entrepreneur,” Stading said.

Cover Story

Bryan Stading of the RCEF

8 • FEBRUARY 2020 • MN Valley Business

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MN Valley Business  

The Definitive Business Journal for the Greater Minnesota River Valley

MN Valley Business  

The Definitive Business Journal for the Greater Minnesota River Valley

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