Mentoring Entrepreneurs

Mentoring entrepreneurs IDEAS+PEOPLE+STRATEGY

IDEAS+PEOPLE+STRATEGY

Our agency guides the development of scientiﬁc, technical & creative entrepreneurs in their business transitions. IDEAS+PEOPLE+STRATEGY

Stéphanie Mitrano Philippe Méda Master Mgt. Res., BA Europ. Mgt., PhD, MBA Executive coach NCFE --- --- 11 years coaching 12 years of management in the international managers in London. Pharmaceutical / Medical industries. IDEAS+PEOPLE+STRATEGY

IDEAS+PEOPLE+STRATEGY

One deﬁnition of mentoring « A long-term volunteering relationship of an experienced senior executive accompanying a new entrepreneur, and sharing with him his experience, entrepreneurial behaviours and networks.» IDEAS+PEOPLE+STRATEGY

One deﬁnition of mentoring Mentor Transitions New entrepreneur IDEAS+PEOPLE+STRATEGY

Two common points Asymmetry Compensation Mentor Consultant Coach Trainer IDEAS+PEOPLE+STRATEGY

COMPENSATION? IDEAS+PEOPLE+STRATEGY

YES... SEVERAL COMPENSATIONS ! Status Pleasure Usefulness Legitimacy Reputation Socialisation Contribution Recognition Recommendation Indirect goals ... IDEAS+PEOPLE+STRATEGY

Three diﬀerences Know-Hows Behaviours Experience Mentor Consultant Coach Trainer IDEAS+PEOPLE+STRATEGY

Four conditions 1. PERMISSION 2. ENGAGEMENT 3. AVAILABILITY 4. LEGITIMACY IDEAS+PEOPLE+STRATEGY

Four conditions Entrepreneur Mentor 1. PERMISSION 2. ENGAGEMENT Mentor alone 3. AVAILABILITY 4. LEGITIMACY IDEAS+PEOPLE+STRATEGY

Four conditions Entrepreneur Mentor Deﬁning the scope of the relationship. Ensuring conﬁdentiality. 1. PERMISSION Authorising straight-talk. 2. ENGAGEMENT Mentor alone 3. AVAILABILITY 4. LEGITIMACY IDEAS+PEOPLE+STRATEGY

Four conditions Entrepreneur Mentor Defining the scope of the relationship. Ensuring confidentiality. 1. PERMISSION Authorising straight-talk. 2. ENGAGEMENT Sharing values. Understanding compensation. Recognising the benefits. Mentor alone 3. AVAILABILITY 4. LEGITIMACY IDEAS+PEOPLE+STRATEGY

Four conditions Entrepreneur Mentor Defining the scope of the relationship. Ensuring confidentiality. 1. PERMISSION Authorising straight-talk. 2. ENGAGEMENT Sharing values. Understanding compensation. Recognising the benefits. Mentor alone Frequency + Quality > Duration. Being attentive. 3. AVAILABILITY Stabilising an informal process. 4. LEGITIMACY IDEAS+PEOPLE+STRATEGY

Four conditions Entrepreneur Mentor Defining the scope of the relationship. Ensuring confidentiality. 1. PERMISSION Authorising straight-talk. 2. ENGAGEMENT Sharing values. Understanding compensation. Recognising the benefits. Mentor alone Frequency + Quality > Duration. Being attentive. 3. AVAILABILITY Stabilising an informal process. 4. LEGITIMACY Realisations + Experience > Competences. Not neglecting age difference. IDEAS+PEOPLE+STRATEGY

Five beneﬁts 1. HORIZON 2. SPEED 3. HEIGHT 4. STABILITY 5. SPACE IDEAS+PEOPLE+STRATEGY

1. HORIZON Recalibrating priorities in a wider time horizon: Entrepreneur Entrepreneur alone Mentor +1-3 years +3-5 years Growth R&D Marketing Sales Competition Recruitment Leadership Cash-ﬂow Finance IDEAS+PEOPLE+STRATEGY

2. SPEED Accelerating processes which depend mostly on trial & error : Goal Entrepreneur alone Entrepreneur Mentor Tender Recruitment Export External growth Sub-contracting Social conﬂict IDEAS+PEOPLE+STRATEGY

3. HEIGHT Adopting a different perspective with more distance : Entrepreneur Mentor New perspective Entrepreneur alone IDEAS+PEOPLE+STRATEGY

4. STABILITY Limiting dispersion et promoting mental focus : Entrepreneur Mentor Entrepreneur alone IDEAS+PEOPLE+STRATEGY

5. SPACE Reaching more resources with a wider network : Entrepreneur Mentor alone IDEAS+PEOPLE+STRATEGY

2. SPEED 1. HORIZON 3. HEIGHT 5. SPACE 4. STABILITY IDEAS+PEOPLE+STRATEGY

but watch out ! IDEAS+PEOPLE+STRATEGY

One 1 - 1 relationship Mentor Entrepreneur IDEAS+PEOPLE+STRATEGY

Several 1 - 1 relationship One S Mentors Entrepreneurs IDEAS+PEOPLE+STRATEGY

And numerous messages ! ☼ ☺ ☼ ☼ ☼ ✈ !!! ☼ ☕ ✈ ☺ Mentors Entrepreneurs IDEAS+PEOPLE+STRATEGY

What do you do with them ? IDEAS+PEOPLE+STRATEGY

What we can do with you : Deﬁne clear and shared rules Train mentors Preparer entrepreneurs Encourage best practices sharing Organise upward ﬂow of information Drive the network and maintain the dynamic IDEAS+PEOPLE+STRATEGY

Mentoring Entrepreneurs

by MERKAPT on Sep 29, 2009

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Mentoring Entrepreneurs — Presentation Transcript