{"id":2825,"date":"2012-12-24T18:00:30","date_gmt":"2012-12-25T01:00:30","guid":{"rendered":"http:\/\/financenewmexico.5e-dev.net\/?p=2825"},"modified":"2013-07-15T10:53:26","modified_gmt":"2013-07-15T16:53:26","slug":"mentors-help-small-business-owners-develop-leadership-skills","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/articles\/general-business-advice\/mentors-help-small-business-owners-develop-leadership-skills\/","title":{"rendered":"Mentors Help Small-Business Owners Develop Leadership Skills"},"content":{"rendered":"
\"Paul

By Paul Choman, Regional Manager, WESST Enterprise Center in Farmington<\/p><\/div>\n

Deciding what direction to take a business is isolating for the owner of a small business \u2014 especially a sole proprietor. Relatives and friends can offer advice and opinions, but they often lack the expertise to provide the informed, objective counsel the entrepreneur needs.<\/p>\n

That\u2019s when a mentor is handy. A mentor is both coach and sage \u2014 someone who\u2019s versed in the challenges of running a company and ready to share knowledge with others who need help with business strategies, resources and goals. The best mentors empathize with the people they\u2019re helping and aim to empower them to anticipate and overcome obstacles.<\/p>\n

The junior partner in this arrangement isn\u2019t a passive disciple, and the mentor\u2019s word isn\u2019t gospel. But it\u2019s the mentee\u2019s responsibility to make the first move, direct the relationship and stay fully engaged in his professional development.<\/p>\n

Identify scope and need:<\/strong>\u00a0Some entrepreneurs need specific input for a limited time \u2014 maybe a discreet review of a business plan before it\u2019s taken to investors. Some want a long-term relationship with an industry insider who can guide them through high-tech product development. Women and minorities might want an adviser familiar with the race and gender barriers they encounter in the business world. No matter what the case, a business owner who knows what she wants from a mentor is more likely to find it.<\/p>\n

Compatibility matters:<\/strong>\u00a0Before beginning the search, the aspiring mentee should honestly evaluate his personal management style and openness to direction and constructive feedback. Without a willingness to trust the perspective of another person \u2014 sometimes a complete stranger \u2014 the entrepreneur might be unwilling to take risks based on the mentor\u2019s advice. After considering his own personality, the mentee can identify the qualities that matter most in a mentor.<\/p>\n

Look around:<\/strong>\u00a0The entrepreneur can search many places for a mentor. WESST \u2014 a New Mexico-based nonprofit small-business development and training network \u2014is a great place to start, as WESST provides staff members to work face-to-face with clients. Industry and trade groups are also good places to meet people who might be willing to be mentors, and online communities link business people with experts all over the world.<\/p>\n

Ground rules:<\/strong>\u00a0The business owner should spend whatever time it takes to find the person who most matches her needs in terms of expertise, availability and personal chemistry. Both parties then should formalize the bond by discussing and agreeing on expectations, goals and boundaries. Mentorand mentee should decide how often to meet and under what circumstances the mentee can ask for help between meetings.<\/p>\n

Mentoring in practice:<\/strong>\u00a0If the relationship evolves into a fruitful one, the business owner should become increasingly confident about his developing skill and knowledge set and empowered by tangible growth in his leadership abilities. When the relationship reaches a natural end \u2014 when goals are met or in sight \u2014 both parties should discuss whether to make a clean break or maintain an informal collaboration.<\/p>\n

WESST provides training, loans and support services to New Mexico small businesses from six statewide non-profit offices. To learn more, visit wesst.org.<\/p>\n

Download\u00a0273_Mentors Help Small Business Owners Develop Leadership Skills<\/a>\u00a0PDF<\/p>\n","protected":false},"excerpt":{"rendered":"

Deciding what direction to take a business is isolating for the owner of a small business \u2014 especially a sole proprietor. Relatives and friends can offer advice and opinions, but they often lack the expertise to provide the informed, objective … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/2825"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=2825"}],"version-history":[{"count":7,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/2825\/revisions"}],"predecessor-version":[{"id":5694,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/2825\/revisions\/5694"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=2825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=2825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=2825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}