skip to main content
Productivity

How To Know If Your Mentor Is Right For You

Morris Kaplan
Smarter Writer

Morris Kaplan is a former finance and venture capitalist who writes for entrepreneurs and professional services firms

Morris Kaplan
Smarter Writer

Morris Kaplan is a former finance and venture capitalist who writes for entrepreneurs and professional services firms

The best way to learn how to run a business and increase growth is to learn directly from a mentor who's been around the block, but how do you know what to look for in a mentor? Read on to find out.

two business men cartoon
What should your mentor do for you?

First there is the trust factor. Not only do you need someone you can trust, but you need someone whose opinions you respect.

Often the first person you think of is the person who helps you set up the business – an accountant or solicitor. But these people are not ideal for the job of mentor. They are usually time-challenged and may not have the direct start-up experience needed in a mentor.

MENTOR DUTIES
  1. Discovery
    A good mentor will help you discover your strengths and weaknesses.
  2. Direction
    A good mentor will help you set a clear path for your business.
  3. Planning
    A good mentor will work with you to get a sustainable business model.
  4. Goal-setting
    A good mentor will ensure your goals and tasks are aligned with the vision and goals of your business.
  5. Financial Experience
    A good mentor will assist you in identifying time-money traps.

 

Tech
Tech
How 5G could help grow and transform your business

In Telstra’s recent Business Intelligence survey, small and medium business owners were asked about the technologies they think will impact them in the future. ‘Cloud’ (28%) an...

Productivity
Productivity
Five ways to create a great remote working team

Driving the performance of remote teams requires much more than simply handing out computers and collaboration tools. The key is to empower your remote staff to work effectivel...

Tech
Tech
Why and how to use the 3-2-1 strategy for data back-ups

Have you ever lost a digital file worth hours of work because of a program crashing or something going wrong with your computer? Or been a victim of ransomware, where hackers b...

Business IQ
Business IQ
Freelance Virtual Conference: 5 key cyber security takeaways

Freelance Australia recently held the 2021 virtual Freelance Essentials Conference to help freelancers and small businesses learn the ins and outs of running a freelancing ente...