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Business Mentoring
This presentation helps you 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.
What is “Mentoring”?
As per 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.
Professional Ethics of a 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
Mutual Understanding
“Successful Mentoring requires 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”
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
■ Process
■ Prospective Mentors
■ The Joint Venture
■ Due Diligence
■ Structure
■ Exit
Relation & Responsibilities of 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
Where can you find a Mentor?
■ A professional organization provides a Mentor with high ethical values
■ Business Networks
■ Business Mentoring groups
■ Startup Communities
■ Investors Desk
■ Idea Incubators
Summary
■ The Benefits of 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?
www.InnoresMentor.com

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Business Mentoring

  • 2. This presentation helps you 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”? As per 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 of a 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 Mentoring requires 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 ■ Prospective Mentors ■ The Joint Venture ■ Due Diligence ■ Structure ■ Exit
  • 8. Relation & Responsibilities of 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 you find 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 Benefits of 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?