Bmt powerpoint master-may2014


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Business Mentor Team: Powerpoint presentation to introduce BMT to prospects.

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Bmt powerpoint master-may2014

  1. 1. ASBA Business Mentoring Program 1
  2. 2. Levels of Mentoring • Entrepreneurial • Business owners and management team • Emerging Professionals • Professional development • Assist high potential employees to identify and maximize their potential. • Executive • Assist senior level leaders to develop personal, organizational and leadership traits and skills 2
  3. 3. Who is ASBA? • Arizona Small Business Association • Largest trade association in the state • Almost 40 years of operation • Over 11,000 members • 13 staffers in Phoenix / Tucson • Started as a benefits option for small business 3
  4. 4. ASBA Member Benefits • Advocacy • Discounts on Services • Grant Assistance • Insurance Coverage • One to One Business Services • Mentoring • Coaching • Fundamental Business Elements - Future Service 4
  5. 5. What is Mentoring? • A professional relationship whereby an experienced person (the mentor) assists another (the mentee) in developing specific skills and knowledge that will enhance the less-experienced person’s professional and personal growth. 5 • We offer specific business assistance to business owners and business professionals via a trusted, experienced advisor, with the specific skill sets necessary to fulfill the needs of those looking for the assistance.
  6. 6. ASBA Mentor Team • All mentors are volunteers • All mentors are ASBA members • 20+ mentors on the team • 6 mentors comprise the leadership team • Over 450 years of business experience around the table • Mentors must complete the Tri-Metrix Assessment • All mentors have been self-employed at some point in their career, but not required to be 6
  7. 7. Our Mission & Vision Mission Helping Businesses Achieve Their Dreams Vision To provide small business owners/operators access to people and resources to develop and grow, both personally and professionally. 7
  8. 8. Our Process • Prospect must apply to be mentored • Applicant must take the TriMetrix Assessment (TM) • Applicant must come in for an interview • Applicant is then reviewed for alignment into our system • Mentor Match process engaged • Mentor program initiated, if approved 8
  9. 9. Next Steps • Mentor either accepts or rejects the assignment • Mentorship initiates via email introduction to parties • Mentor receives mentee “packet of information” • Mentor and mentee meet to review “ground rules”, “mentee obligations” and objectives of the mentee • 16 or 32 week program, 60-90 minutes each week • Meetings are conducted in person, via conference call, or a combination of both 9
  10. 10. What our Mentors Do • Advises the mentee about a specific issue • Coaches the mentee on a particular skill • Facilitates the mentee’s growth by sharing resources, processes and networks • Challenges the mentee to move beyond his or her comfort zone (using TM as a guide) • Creates a safe learning environment for taking risks • Focuses on the mentee’s total development 10
  11. 11. During Mentoring Process • SMART Goals are established (written/reviewed) • Outcomes are measured each meeting • Mentee progresses, or meetings stall • Mentor role is advisor, not doer • Surveys done at half-way and end point 11
  12. 12. What is Accomplished • Business Plan development • Manuals, policies, systems are created • Plans take shape (marketing, sales, financial, etc.) • People are hired, fired, developed • Businesses are acquired, transitioned, or sold • Programs develop and are implemented • Owner is transformed 12
  13. 13. Observed Mentee Benefits • Gains from the mentor’s expertise • Receives critical feedback in key areas, such as communications, interpersonal relationships, technical abilities, change management and leadership skills • Develops a sharper focus on what is needed to grow professionally • Learns specific skills and knowledge that are relevant to personal goals • Enhances their strategic business initiatives 13
  14. 14. Observed Mentor Benefits • Gains insights from the mentee’s background and history that can be used in the mentor’s professional and personal development • Gains satisfaction in sharing expertise with others • Re-energizes the mentor’s focus on own business • Creates a relationship that lasts beyond the program • Gains insight from the other mentors, some which they have co-mentored with 14
  15. 15. Our Success • Our mentees make more money and create more sustainable businesses • Our system works…no matter who the mentor is, we get ringing endorsements from mentees • Mentored over 40 businesses in 2013 and have a target of 50 for 2014 • Systematic approach for on boarding of mentors, mentees and the delivery of the mentoring process • 35% of all mentees were not ASBA members 15
  16. 16. Thank you for your time today! Q&A TIME 16