Do You Have What It Takes To Offer A Business Mentor Program To New Entrepreneurs?

Have you considered that giving back to the local business community would be a great way to set yourself up for the next stage of abundant prosperity in your business? Perhaps you are envisioning of starting a new business which serves as a sidelines to your already existing business ventures and which focuses on offering a business mentor program. Even as this is a noble undertaking and may be a quite lucrative method of finding additional income and revenue, it is crucial to recognize that not everyone is cut out to be a business mentor program participant.

 

Being successful in your field, and even having a quite respectable bank balance might put you in the running for being desirable by other entrepreneurs, but it will not automatically mean that you have what it takes to pass on your experience and knowledge. For example, if you are approaching this venture strictly from a fiscal point of view but completely fail to receive a sense of personal satisfaction that comes from passing on your personal and business experience you are not in the right spot to participate in a business mentor program.

 

You see, the notion of a business mentor program is one where you might not be paid what you are worth and where you might not even receive the appreciation that is due you and which you might expect to receive from an entrepreneur a little more knowledgeable and skilled than a newbie. In addition to the foregoing, some entrepreneurs will not be as open to your mentoring as perhaps you believe they ought to be and even though they may pay you, they still will not go along with your recommendations or simply fail to execute them satisfactorily. If you are easily frustrated and before long develop the attitude of the other person being the junior partner instead of an equal business entrepreneur, you will find that this is a most trying business relationship.

On the other hand, if you are open to learning from another entrepreneur and understand that your opinion by itself carries little weight, but when combined with the sum of your failures and successes has a most powerful message to convey, then you are ready to consider a business mentor program. Furthermore, if you are willing to build a personal relationship with your mentee and not be afraid to share from your failures as well as your successes, then you might find that you relationship will indeed be a most profitable one not only for the other entrepreneur but for yourself as well.

 

Perhaps the single most important quality to have when considering whether you have what it takes to offer a business mentor program to others is your willingness and ability to listen intently. Do you have it? Are you able to exercise it even if you believe the potential mentee is going in a direction that you would not choose at this time? Are you open to learning from perhaps a different approach to business that nonetheless might be entirely valid?