Mentors as Business Partners

by | Jan 7, 2011 | Building Relationships, Marketing & Selling

Mentors as Business Partners
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Pat Morita and Jackie Chan play the role of mentor to their respective Karate Kid

This month’s theme is “Creating Business Partnerships.” Throughout January, my posts will be exploring the many ways that we create partnerships within our businesses and how to leverage them to grow our business.

“You need to surround yourself with quality human beings that are intelligent and have a vision.”
~ Vince McMahon

What is a mentor? According to a mentor is:

“1. a wise and trusted counselor or teacher.
2. an influential senior sponsor or supporter.”

Therefore, by extrapolation, a business mentor would be someone you counsels or teaches you about improving your business, or someone who sponsors or supports your business.

If someone is helping you improve your business, don’t you think he or she has a vested interest in your success? If you hired your mentor, your mentor wants you to succeed if only to get a good testimonial and some decent referrals. By becoming your mentor, he or she has become a partner in your business.

If someone sponsors or supports your business in some way, he or she most definitely has a vested interest in your success.

So, regardless of what definition of mentor is used, a business mentor is a business partner (using the definition I provided in Monday’s post.)

Of course, because a mentor is going to be advising you in your business, you’ll want to make sure this person has the skills and knowledge that you need for that relationship. At different points in your business growth, you’ll need different mentors. For example, I help people with online leverage. In matters of how to make your online footprint work for your business, I can do very well. But if you need a mentor who can help you price your products, create an accounting system or hire overseas virtual assistants, I’m not the right mentor.

Choose your mentors carefully … as you would would any business partner.


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