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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.

 

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