Advertising
Advertising

Published on August 21, 2018

Why Mentoring Matters: A Guide on a Stellar Example for Employees

Why Mentoring Matters: A Guide on a Stellar Example for Employees

Finding success in today’s competitive world means taking advantage of every opportunity available to you.

While there is a persistent narrative in our culture of the lone wolf or cowboy who plays by their own rules and still succeeds. The reality is that no one makes it to the top completely on their own.

Virtually all successful people have had a mentoring influence in their life, whether it was a teacher, parent or boss, someone served as a role model, coach or cheerleader pushing them out of their comfort zone to success.

But is mentoring a dying art? What do you look for in a mentor? How do you find one? And what can you expect from the mentoring process? We”ll answer all of these questions and more in this post.

A working definition of mentoring

For our purposes here, a mentor is someone who has wisdom. And what exactly is wisdom? It is the combination of knowledge and experience.

A mentor is generally someone who has been in a field for a while and is successful in what they do. Mentoring itself is defined as a relationship between a more experienced person (the mentor) who supports and encourages others (the mentee) in their business or career path.[1] Mentors generally act as a resource for the mentee without micro managing them.

    Like many people, I have had the benefit of various mentors throughout the years and they have proved invaluable to my growth and success. In fact, my first forays into internet marketing were because I had watched a friend of mine become very successful working from home on his computer. When I approached him about helping me learn the business, he agreed, but only if we set certain ground rules.

    While this was a much more formal arraignment than I was expecting, looking back I can see the value of his approach. Here are the rules we agreed upon:

    Meetings

    We were to meet every Wednesday for lunch, each meeting would last approximately one hour, and if one of us couldn’t make it we needed to give the other 24 hours notice. This made the mentoring relationship a priority.

    Just like anything else that was important to my businesses success, I had do commit to it and take it seriously.

    Now since that first mentoring relationship, I have had others with various people who lived far away from me, some even in other countries. In those cases we would meet by phone, direct message or video conference, but we always had a set time and a regular schedule.

    Advertising

    Duration

    He insisted that our mentoring relationship have a cutoff date of three months. He explained that while he was happy to help, he was not interested in becoming a crutch for me every time I had a problem. Besides, I wasn’t able to pay him and as he explained “I have a life outside of work”.

    As it turned out, we have kept in touch over the years and exchange thoughts and ideas regularly, in fact it’s not uncommon for him to come to me for advice now. But having this three month time limit was important for a couple of reasons.

    First, it made me focus my attention on him as an asset. Knowing that this reservoir of information was going to dry up one day made me value his time more.

    As time wore on, I found myself carrying a small notebook with me so that I could jot down questions and ideas for our next meeting. This is a habit I carry on to this day, although my phone has replaced the notebook.

    The other thing it did was give him an out. This wasn’t something that I realized until I started mentoring others. Not everyone is cut out to be an entrepreneur or business owner. Some people don’t take direction well or just aren’t organized enough to be their own boss.

    This can be very frustrating for the mentor, they put a significant amount of effort into the relationship and if they keep leading the horse to water without having them drink, being able to have a hard cutoff date makes mentoring these people bearable.

    Goals

    In our very first meeting, we set (and wrote down) goals for our relationship. I was quite frankly a little stymied when he ask me what my goals for our meeting were, but luckily for me he had done this before and was able to help out.

    We determined that the goals for this mentoring relationship would consist of the following:

    • Develop a website specifically for my online marketing activities.
    • Develop different marketing strategies for the products and services I offered.
    • Monitor and analyze the different marketing strategies using A/B testing to determine the most cost effective processes.
    • Come up with a long term (5 year) plan for the business.

    Now that we had our goals in mind, we went through and broke each of them down into smaller steps that could be put on our three month timeline.

    What is a great mentor like?

    Great mentors are like the north star, not a GPS.

    Man I love my GPS ! I plug in an address and get turn by turn directions to my destination. I haven’t been lost, even in a completely unfamiliar city in years. The newer ones will even reroute you to avoid traffic delays, construction or accidents.

    But back in the early days of navigation, the north star was an important navigation guide.

    Advertising

    Using a fixed point in the sky, ship captains could navigate their way across vast oceans traveling from one continent to another.

    While today’s captains can go to and from very specific ports using a GPS that maps out an exact route. Using the north star for navigation was much less precise. You could get from one continent to another, but the seas, winds and storms would ensure that you never took the same route twice.

    A good mentor is like the north star, not a GPS. They will give you guidance, just not specific direction.

    Three signs of a great mentor

    How can you you recognize a great mentor? Here’re some crucial signs:

    1. They allow you to make mistakes.

    The term “Experience is the best teacher” is true. A mentoring relationship is not supposed to save you from all your mistakes, while getting lost in a storm is scary, it may just throw you off course enough that you land in a better place.

    2. They avoid becoming the hero.

    While this is definitely related to the first point, they need to allow you to fail and make your own mistakes. It’s more than just that. Mentoring can feed into the mentor’s ego.

    Being seen as, and thinking of themselves as the one with all of the answers can make them subconsciously want to live up to that expectation. A good mentor will recognize this and only offer the advise that they are qualified to give.

    3. They use questions, not answers.

    There’s an old saying:

    “The good Lord gave us two ears and one mouth for a reason. You should listen twice as much as you talk.”

    In that respect, the mentoring process is a lot like therapy. A good therapist is there to help you work through issues and problems on your own. They give you tools, advice and suggestions, but you’re the one who has to do the hard work, they won’t do it for you.

    A good mentor does the same thing.

    Are you ready for a mentor?

    We’ve talked a lot about mentoring, mentors, what they do, how they do it, and what makes a good one. But mentoring is a two way street.

    Advertising

    If you see the benefits of getting a mentor, it’s important to understand that as a mentee, you have obligations and responsibilities to the mentor as well. Always keep in mind that you are asking for someone to share their hard earned knowledge and experience with you, maybe for free and maybe (like I did) so that you can get into the same business as them and one day become a competitor.

    These are some serious things that you’ll want to consider before getting into a mentoring relationship:

    Are you coach-able?

    This can really be an issue for entrepreneurs, a lot of times we will have our own ideas and ways of doing things.

    Perhaps we have been successful in other businesses before and we have a track record of success. Recognize that the things that gave us previous success may not translate into success this time around.

    Starting at zero again can be a bitter pill to swallow. You must be able to set aside what you think you know and learn new and different ways to achieve success.

    Do you take advice or criticism well?

    No adult likes to be criticized or told what to do, but being a mature adult means that you can receive direction and criticism without taking it personally.

    Every high school football player realizes that the coach is yelling so that the team gets better, not because he doesn’t like you personally. Likewise, your mentor’s criticism is not directed at you, but rather to get you to your predetermined goals.

    Are you committed to the process?

    The length of the mentoring relationship can last anywhere from a few weeks to a few years. If you are not willing to commit the time and effort needed then please don’t even get started.

    By having someone to mentor you, they are committing their time and energy to helping you out. Nothing frustrates a good mentor more than someone who is disorganized, who misses appointments or who isn’t willing to put in the time and effort needed.

    Additionally, you need to have realistic expectations about the mentoring relationship. I have seen people approach potential mentors solely based on the mentor’s network or connections. The potential mentee sees the mentor as a conduit to get to the people who he thinks can really help his career. This is a big no no.

    First of all, it’s a dishonest way to start the mentoring relationship. Secondly, I have never seen it work, and it usually backfires.

    Mentors, like all of us, don’t like to be used for ulterior motives, and once your motives become clear it is not only the end of the mentoring relationship, but it usually puts the former mentee’s reputation in jeopardy.

    Advertising

    So if your mentor does introduce you to their network, always be respectful and check with your mentor before initiating contact with someone they’ve introduced you to.

    Tips on getting a mentor

    A lot of people are more than happy to help out someone “new” in the business with advise or direction. But becoming a mentor is a much more involved process.

    Before asking someone to be a mentor, have something that you bring to the table. After all, a mentor is agreeing to take you under their wing so your attitude, reputation and success is a direct reflection on the mentor.

    Tip #1 – Go the extra mile

    In a working environment, potential mentors are always watching and evaluating the new people. They notice the ones who come in everyday exactly at 9 am and leave exactly at 5 pm. And they also notice the ones who come in early, stay late and don’t complain about doing tasks that no one else wants to do.

    So by putting in a little extra effort, you will become a much more attractive candidate for a mentor.

    Tip #2 – Treat everyone as a gatekeeper.

    A gatekeeper is a person who has access to an influential person. The obvious gatekeeper is the boss’s secretary or personal assistant. These are people you don’t want to piss off!

    The trickier part is you don’t know all of the relationships that gatekeeper has. So even though you may have a good relationship with the gatekeeper, you might have been rude or unprofessional to a co-worker who is friends with that boss’s assistant. You have just made your life harder than it needs to be.

    Tip # 3 – Ask!

    Once you have shown yourself to be committed, hard-working and valuable to the organization, you’ll need to be direct and ask for the mentoring relationship.

    Don’t expect mentors to seek you out. You’ll need to be the one to initiate the relationship.

    Conclusion

    Having a good mentor can have untold benefits for your career or business life. By connecting with a mentor, you’ll get the value of their experience and knowledge. But more importantly, a mentoring relationship will give you accountability, milestones to reach, and an accurate assessment of your skills.

    Featured photo credit: Unsplash via unsplash.com

    Reference

    [1] Business Mentors: What Is Mentoring

    More by this author

    David Carpenter

    Lifelong entrepreneur and business owner helping others to realize the American Dream of business ownership

    10 Essential Skills to Become a Successful Team Leader and Manager 10 Simple Yet Powerful Business Goals to Set This Year How to Write a Powerful Mission Statement for Your Business The Surefire Method to Set Long Term Goals and Reach Success 10 Ways to Improve Team Management Skills and Boost Performance

    Trending in Smartcut

    1 10 Most Successful Entrepreneurs and What We Can Learn from Them 2 What Does Success Look Like? Revealed by 12 Highly Successful People 3 The Ultimate Night Routine Guide: Sleep Better and Wake Up Productive 4 How to Switch Careers and Get Closer to Your Dream Job 5 Stop Waiting For Your Dream Job and Go Ask For It

    Read Next

    Advertising
    Advertising
    Advertising

    Last Updated on May 15, 2019

    10 Most Successful Entrepreneurs and What We Can Learn from Them

    10 Most Successful Entrepreneurs and What We Can Learn from Them

    Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

    Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

    1. Melanie Perkins: Know Your Worth and Keep Trying

      Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

      She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

      Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

      2. Bill Gates: Keep Learning and Exploring

        If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

        Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

        He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

        “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

        Gates’ success is built on self-improvement and the seeds of an idea.

        3. Elon Musk: Never Stop Innovating

          Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

          Elon Musk, however, breaks that rule.

          Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

          When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

          Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

          4. Richard Branson: Develop People First

            British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

            The billionaire is strongly particular about working with a team that shares his core values and aspirations.

            Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

            Advertising

            A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

            Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

            5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

              Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

              For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

              While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

              While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

              6. Mark Zuckerberg: Start Small, Think Big

                Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

                “The biggest risk is not taking any risk.”

                He’s always daring to explore with a fearless mindset.

                Advertising

                The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

                However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

                7. Steve Jobs: Live Your Own Dreams

                  Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                  The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                  Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                  After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                  8. Warren Buffett: Balance is Essential to Success

                    Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                    After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                    With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

                    Advertising

                    9. Jack Ma: Never Give up

                      On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                      Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                      His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                      Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                      10. Tan Min Liang: Passion Can Pay Off

                        Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                        Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                        The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                        So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                        Final Thoughts

                        In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

                        Advertising

                        Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

                        More Articles About Entrepreneurship

                        Featured photo credit: Patrick Tomasso via unsplash.com

                        Reference

                        Read Next