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.

 

Related News

GenWise co-founders, Dr Sebastian Rees and Dr Troye Wallett.
Success Stories
Success Stories
Innovative online GP platform named 25th Telstra Australian Business of the Year

GenWise Health, a micro business using technology to improve how general practitioners provide aged care, is the 2017 Telstra Australian Business of the Year. GenWise Health,...

Two people looking at a tablet device
Success Stories
Success Stories
How winning businesses are using tech

Every year, the Telstra Business Awards celebrates small businesses that choose to innovative, to be curious, to be agile. This year’s entrants are no different, with many blen...

iSimulate at the 2016 Telstra Business Awards
Success Stories
Success Stories
Rise and shine: Winning advice from 2016 Telstra Business Awards alumni

As the 2017 finalists prepare their acceptance speeches in the hope they might win at Australia’s biggest business Awards program, a few of 2016’s winners reflect on their achi...

Woman working at laptop sticking address labels to boxes.
Tech Solutions
Tech Solutions
Pass the parcel: How to integrate postage services into your website

Incorporating automatic postage calculators into your online store might be the critical step you need to turn casual browsers into dedicated shoppers.