“I see true entrepreneurs as people who are comfortable in the discomfort of not having the same security as an employee”
Paul Kenny is a successful entrepreneur who now invests and mentors other entrepreneurs.
He has some words of wisdom when it comes to finding mentors:
When you start your first business, your mentors are everyone you know – your parents, your friends.“I launched my first venture when I was 25. I just had an idea and I went and raised some money. It started to grow and I just rode with it – I didn’t really have a network around me that had been through the same thing. And I think when you start a business, there is a difference between you, the entrepreneur, in relation to the outside world – you feel like you are the odd one out.“Until you start a business, your mentors are everyone you know – your parents, your friends, the corporate environment you’ve been in. But when you start a business, none of these mentors understand the kind of advice you need, or even understand the same language in which you’re now speaking. I had that problem when I was 25, so I didn’t actually have a mentor for the first two years – and that was one of my biggest mistakes.
Personally, I like the discomfort and also the lack of certainties that come with being an entrepreneur, also as an investor, and actually as a mentor too. I don’t place a priority value on being stable – and I love the challenge of continual growth and learning.”
“When I invest in an entrepreneur, I invest in the person, not the business – always the person.
“An entrepreneur may have the worst business model, or no idea about the financials, but I’m still looking for a person with perseverance and hustle; that’s key for me. If I meet someone with a great business idea and methodology, but they complain, bicker and moan, I won’t touch them.