The Art of Entrepreneurial Mentoring

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Throwing out the rulebook on mentoring, sponsoring, advising, coaching entrepreneurs and start up founders/teams.

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The Art of Entrepreneurial Mentoring

  1. 1. The Art of Entrepreneurial Mentoring Leda Karabela Orange Grove October 22, 2013 leda@yhesitate.com
  2. 2. Setting The Stage The Guru: Jack Welch http://www.youtube.com/watch?v=0ipNo1BLeIk
  3. 3. How It May Look Sometimes
  4. 4. How It May Feel Sometimes
  5. 5. Your Mentees/”kids” Millennials: born after 1980 –the first generation to come of age in the new millennium. • Confident. • Connected. • Open to Change. … Everyone different – and unique. Get to know them!
  6. 6. Entrepreneurial DNA
  7. 7. But, This is Not Only About Them! How much do you share with your startups? – – – – – – Why are you here What’s your style of working Preferred method of being reached (phone, email, f2f) What’s your pet peeve? What you like/hate about this process Do you have a mentor/did you in the past? Tell Them!
  8. 8. Pair Up • 2 min mentor/mentee – Switch roles – Observations
  9. 9. Just Another Word for You … cheerleader, coach, confidant, counselor, developer of talent, guardian, guru, inspiration, master, "opener of doors", patron, role model, pioneer, "seminal source", "successful leader", teacher…
  10. 10. The Karate Kid http://www.youtube.com/watch?v=T10ycFr770 g Sometimes the why takes a long time to come through..
  11. 11. Old fashioned vs. Redesign Reciprocal Dynamic Cross-functional Diverse Transformational Innovative ???
  12. 12. Myths 1: You have to be one perfect mentor (development network) 2: It’s a formal long-term relationship (Twitter vs. psychotherapy) 3: It’s for junior people (two-way street) 4. Out of the goodness of your heart
  13. 13. Basic Rules • • • • • • • Build rapport/trust Set goals together Make explicit expectations Discuss the strategy/how Keep it strictly business Keep it confidential Put It in Writing
  14. 14. Getting to Alignment
  15. 15. Clarity Goals What’s the ratio of questions to statements you are making to help them along? What’s Next? GROW Options Reality
  16. 16. Critical Timing • What is the most important thing you need to do in the long term? • What’s the critical thing you need to do in the short term? • What do you need to get done ASAP?
  17. 17. Risks • • • • • • Founder /Team Market Competition Timing Financing Marketing • • • • • Distribution Technology Product Hiring Location * Classic Marc Andreessen
  18. 18. Can you Put It in Writing? Our goals for this mentoring relationship are: Our expectations of how we will achieve these goals are: Meeting times (frequency/duration) and other methods of communication: How we will record and monitor our progress: Confidentiality: We agree to keep everything that is said within the mentoring relationship confidential. Mentee / Mentor Signatures Date: ______________________________
  19. 19. Vicki Saunders http://www.youtube.com/watch?v=Of6UTxOPe Bk
  20. 20. What If? • • • • • • Not a Good Match No Commitment No Time No Follow-Through Let Down Break in Trust
  21. 21. Breakout sessions Role Playing 3 cases: – The gadget freak – The wall – The scatterbrain
  22. 22. THANK YOU! @LEDAKA LEDA@YHESITATE.COM

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