Tuesday, February 27, 2007

Today, lets discuss the value of having a business mentor or coach to greatly enhanced your existing business and bringing it to a even higher level or plane.

Basically, a business mentor / coach, is someone whom have more entrepreneurial business experience than you and whom will serves you as a trusted confidante over an extended period of time.

Why do this ?

Because your entrepreneurial journey would not have been as successful as it has been if it weren't for this individual in your life.

You should be able to talk to your mentor on a level that I can with very few people. When you find someone who has the knowledge and experience to help you get to where you want to go, make it happen.

I meet entrepreneurs on a regular basis, and the one's that seem to be the most successful are the one's that have learned from those before them.

So how do you find your mentor ?

I don't believe that finding a mentor can be considered a science, but you want to look for a number of key characteristics.

Find someone who has accomplished goals that might be similar to yours. Find someone who is open to providing time and energy to help you achieve these goals. Find someone who you are willing to listen to, even when you might not want to. And, find someone who has similar values to you. One of the strongest bonds between my mentors and me has been a shared value system.

So, if you are on the entrepreneurial journey and you don't currently have a mentor, find one and see your entrepreneurial dreams come true !

Finally, I like to leave you with the following simple steps :-

Tips on Building a Senior Management Team
  • Start with part-timers. You may not be able to afford a full-time chief financial officer at first, but chances are you can find one who will gladly work part time.
  • Look for volunteers. The SCORE Association is one place to start and may help you establish a volunteer advisory board. Also check with your local business schools.
  • Consider outsourcing your management team. Check the Yellow Pages under Employment Agencies, Employee Leasing, Executive Search Consultants and Management Consultants.
  • Check references and backgrounds, just as you would for a full-time employee. Look for a good fit.
  • Treat part-time and volunteer executives just as you would full-time, paid senior managers. Make them a part of your team.

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