The Art of Entrepreneurial Mentoring
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Throwing out the rulebook on mentoring, sponsoring, advising, coaching entrepreneurs and start up founders/teams.
The Art of Entrepreneurial Mentoring
- 1. The Art of Entrepreneurial Mentoring Leda Karabela Orange Grove October 22, 2013 leda@yhesitate.com
- 2. Setting The Stage The Guru: Jack Welch http://www.youtube.com/watch?v=0ipNo1BLeIk
- 3. How It May Look Sometimes
- 4. How It May Feel Sometimes
- 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!
- 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. Pair Up • 2 min mentor/mentee – Switch roles – Observations
- 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. The Karate Kid http://www.youtube.com/watch?v=T10ycFr770 g Sometimes the why takes a long time to come through..
- 11. Old fashioned vs. Redesign Reciprocal Dynamic Cross-functional Diverse Transformational Innovative ???
- 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. 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
- 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. 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. Risks • • • • • • Founder /Team Market Competition Timing Financing Marketing • • • • • Distribution Technology Product Hiring Location * Classic Marc Andreessen
- 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: ______________________________
- 20. What If? • • • • • • Not a Good Match No Commitment No Time No Follow-Through Let Down Break in Trust
- 21. Breakout sessions Role Playing 3 cases: – The gadget freak – The wall – The scatterbrain