business experts. As a title, “role model” sounds pretentious, but we all need great role models in our lives. I have seen several situations where a lot of time and money could have been wasted but was not. When employers act as mentors to their workers, both the business and employees benefit via: • Increased employee satisfaction – Studies have shown that employees who underwent mentoring programs have higher job satisfaction which then leads to increased productivity, • Employee retention – Employees are likely to stay with their job when they become more aware of how they can improve themselves, • Career Growth – Employees who become more inspired in doing their jobs are likely to get promoted a higher position, • Quality of Services – When employees become more aware of what they should and should not do, they take better care of customers. See here for more information on the role of a business mentor or how a business mentor can help your business in 2018. While formal mentoring systems contain numerous structural and guidance elements, they still typically allow the mentor and mentee to … Your mentor needs to be capable of providing sound advice, giving useful guidance and most importantly have an emotional investment in seeing you succeed. June 3, 2013, 12:16 pm. Challenger – One of the most valuable benefits of mentoring. Personally, I prefer to refer to myself as a marketing agency mentor rather than marketing agency coach. This category only includes cookies that ensures basic functionalities and security features of the website. Key tools and It can’t be done for every decision of course, but for key decisions it is invaluable. Entrepreneurship and mentorships are often seen as going hand-in-hand. We'll assume you're ok with this, but you can opt-out if you wish. Having a strong figure in your life to help steady you through the currents of growing your business can be a lifesaver. 5. With the right person guiding them, they had access to information and connections that would have been impossible to have if they were doing it alone. However, only a business mentor can truly share wisdom with you on an ongoing basis, and in a manner that can have a direct, positive impact on the growth of your business over time. Finding the right mentor for your business is crucial to the success of the mentoring process. Your email address will not be published. Thinking Partner – Some people think better when they have somebody to listen to their thought processes and help them focus on an issue. It is by name and nature more coaching than mentoring, but within a mentoring context it is short on timescale and focussed on selected topics or issues. This website uses cookies to improve your experience while you navigate through the website. It gives great learning experiences. As marketing agencies we A/B test lots of our output, so testing our decisions on the running of the business seems obvious. Your mentor's role is to share with you lessons from their experience in the hopes that you can learn them quickly and easily. Here are some of the things a mentor does: • Educates the mentee on how to accept feedback in important areas, such as communications, technical abilities, change management, and leadership skills, • Helps the mentee better understand the organization's culture and unspoken rules, both of which can be critical for success, • Helps the mentee learn to take better control of his or her career, • Helps the mentee improve interpersonal relationship skills, • Provides an important networking contact for the mentee, • Teaches the mentee how to speak up and be heard. Thus, in the context of a startup, a mentor’s role is to provide perspective on the direction that the venture may take, and providing inputs and advice on how that idea can be converted into equity. Greater levels of staff loyalty and retention. There are many benefits of mentoring, including accountability, but I don’t see myself as a business coach that “trains” agency owners or keeps regularly checks on their delivery of tasks. Although you're flying solo, you don't have to be. Seek advice from experts. These cookies will be stored in your browser only with your consent. There are two broad types of mentoring relationships: formal and informal. One of the keys to success is learning more and more about your business. The wealth of experience of certain individuals is a good source of wisdom for entrepreneurs and aspiring entrepreneurs alike. Often, many mentos volunteer their time and may not accept equity. The benefits of mentoring are numerous and multi-faceted. Since it is a well-established fact that all successful business people do not necessarily make effective mentors; certain individuals are more successful in the role of developing others. It should not be degrading, but should simply inform you of a shortcoming, and identify corrective actions you can take to be more successful the next time. Research shows that those employees who attended coaching and mentoring sessions have more insight on leadership skills. And often, the challenges faced can pull a person down. Accountability Partner – One of the key benefits of mentoring is just having somebody who you respect spend time with you on a regular basis. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. I have known mentors who have asked the startup to donate their equity to a charity of their choice. We also use third-party cookies that help us analyze and understand how you use this website. 8 Qualities You Must Seek In a Mentor & Key Responsibilities Of a Mentor. They don't have to be up on the latest trends or technology—you've got other sources for that. Both have a role to play in personal development of course, but when I’m working with agency owners I prefer the label “mentor”. Mutual trust is vital to success in this area as often it involves me playing the role of devil’s advocate and/or pushing the agency owner to re-think their approach or decision-making. This role excels when a good relationship has been established first and as a mentor I am able to use good, insightful questioning. Copyright 2020 The Beyond Noise Consultancy Limited. For questions and comments, you may contact Armando "Butz" Bartolome by email: [email protected] . As a challenger, I help the agency founder access a greater level of self-awareness and more of an open-minded approach to key issues. A mentor should not enforce his/her views but provide the inputs that will help the mentee take a better informed decisions.
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