Growth Customer Experience Productivity Business IQ Trends Success Stories Tech Solutions Awards Business Tools Subscribe Tech Enquiry
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.

 

Dave Macdonald and Annette Kaitinis of Scoot Boot
Growth
Growth
Annette Kaitinis: growing a business means knowing when to trot, canter, and gallop

Annette Kaitinis and Dave Macdonald have taken their small business with a big idea from Tasmania to the world. After just four short years, they're reaching international mark...

Charmaine Saunders of Mainie in store holding a traditional Indigenous-inspired garment.
Growth
Growth
Culture meets commerce: These Indigenous businesses are embracing both

These four Indigenous businesses – NAISDA, Purple House, Bush Medijina, and Mainie – combine commerce and culture. Find out how business works for people by Telstra Smarter Bus...

A photo of a woman from behind working at an office desk
Business IQ
Business IQ
How to empower staff and protect data security

Your cyber security is only as strong as its weakest link and that weak link is often the human element. Cyber security is a human problem. That’s why it is critical to invest...

A large amount of multi-coloured post-it notes lying in a large pile on a white floor.
Productivity
Productivity
How to multi-task and do what matters

As a busy business owner, it’s tempting to try juggling all the balls at once in order to get things done. But using the right technologies and processes – not constantly multi...