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Business Mentoring
This presentation details the benefits and key aspects of business mentoring, including its definition and the ethical responsibilities of mentors. It distinguishes mentoring from coaching, advising, and consulting while emphasizing the importance of mutual understanding and commitment between mentors and mentees for successful outcomes. Additionally, it provides guidance on where to find a mentor and identifies essential skills and qualities for both mentors and mentees.
Business Mentoring
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- 2. This presentation helpsyou to realize the ongoing and potential benefits of business mentoring and how beneficial it can prove to you. The basic difference between mentoring, coaching, advising, and consulting is also highlighted and explained in it.
- 3. What is “Mentoring”? Asper the Greek Mythology, Mentor was a close and trusted ally of Odysseus. Mentor was given the responsibility of taking care of Odysseus’s son Telemachus and of his palace as well.
- 4. Professional Ethics ofa Mentor The professional skills required and should be possessed by a Mentor are 1. Communication Skill – Foremost Requirement 2. Experience 3. Constructive Challenger 4. Empathy 5. Listening Skills 6. Honesty
- 5. Mutual Understanding “Successful Mentoringrequires both parties to be jointly responsible for a successful outcome. To know what you have achieved you need a ‘contract’ and you need a “plan”
- 6. Understanding the Difference 1.Coaching is a process aimed towards self-problem solving 2. Advisory means the specialized service for providing advice in specific business areas 3. Consultant is a person hired and is responsible for a specific portfolio of business
- 7. ■ Process ■ ProspectiveMentors ■ The Joint Venture ■ Due Diligence ■ Structure ■ Exit
- 8. Relation & Responsibilitiesof a Mentor & Mentee Mentor ■ Trust and Mutual Respect ■ Share Knowledge and Experience ■ Provide Information, resources, advice and information ■ Open their network ■ Be Constructive ■ Help define and achieve goals Mentee ■ Prepared to Listen ■ Prepared to be open ■ Be committed to the process and the plan that you have devised with your mentor ■ Be Responsible ■ Be Objective ■ Be Focused – On goals
- 9. Where can youfind a Mentor? ■ A professional organization provides a Mentor with high ethical values ■ Business Networks ■ Business Mentoring groups ■ Startup Communities ■ Investors Desk ■ Idea Incubators
- 10. Summary ■ The Benefitsof Business Mentoring ■ Definition ■ What is “Mentoring”? ■ Professional Ethics of a Mentor ■ Mutual Understanding ■ Understanding the Difference ■ Process ■ Relation & Responsibilities of a Mentor & Mentee ■ Where can you find a Mentor?
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