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.

 

Woman shopping online
Customer Experience
Customer Experience
5 things customers expect from your business online

Do you know which online features customers think are important when dealing with businesses online? Research shows that you may be underestimating these five things.

Man using tablet in stockroom
Business IQ
Business IQ
The fundamentals of online security planning

Protecting your business online requires more than set-and-forget antivirus software. In an increasingly digital world, planning and strategy are key for keeping your business ...

Man using tablet in stockroom
Productivity
Productivity
Your 5-step guide to digitising your business

Kickstart your business’s digital transformation with our quick guide. Discover the five essential steps that can help your business thrive online in 2021 and beyond.

Hacker working on a laptop
Business IQ
Business IQ
What it's like to be hacked: 2 businesses tell their stories

We uncover the financial, reputational and emotional impacts faced by two small Aussie businesses that have been victims of an online attack.