Dear Smallbizlady, I know how important it is to have a business mentor, but I don’t know many successful entrepreneurs. What’s the best way to go about getting one?
You’re right about the value of having a mentor, especially today. Choosing a mentor should be a real process of identifying the best person to help you get where you want to go in your business. You should cultivate a strong enough relationship so that asking to become your mentor becomes a natural request with clear mutual benefits.
If you want a mentor, you want to identify several people in order to hedge your bets. Your selections should be based on who would be best positioned to help you, their time availability and their influence. Then you want to establish a relationship, perhaps by volunteering to work on a nonprofit they support. It’s also worth developing relationships with people around this person, so that you become even more of a known quantity.
Your goal is to present yourself in a very professional way. Make sure that they know you are worth their time. Bear in mind that mentors don’t take on mentees out of altruism—they’re looking to take on valued contributors who they can grow as well as help them down the line.
Establish a rapport by trying to secure a lunch or coffee appointment at first. If that goes well, ask him or her to become your mentor. It should be a natural discussion to have. Be prepared with your paperwork–often times mentors ask for business plans and the latest financial statements.
Be sure to express—a clear idea of what you want your potential mentor to help you with in your business. This gives your potential mentor a way to assess whether or not they can truly help you.
Many people who want mentors fail to communicate a strong sense of what it is they want out of the relationship, and that can be an obstacle to both getting a mentor and having a successful relationship with them down the line.
Another great resource for finding a business mentor is SCORE, the organization provides free online and face-to-face business counseling, mentoring, training and advice for small businesses just starting out or hoping to take their business to the next level. http://www.SCORE.org
Melinda F. Emerson, known to many as SmallBizLady is one of America’s leading small 
business experts. As a seasoned entrepreneur, professional speaker, and small business coach, she develops audio, video and written content to fulfill her mission to end small business failure. As CEO of MFE Consulting LLC, Melinda educates entrepreneurs and Fortune 500 companies on subjects including small business start-up, business development and social media marketing. She has been featured in the New York Times, Washington Post, Entrepreneur, Wall Street Journal and Black Enterprise Magazine. She hosts #SmallBizChat weekly on Twitter for emerging entrepreneurs and publishes a resource blog www.succeedasyourownboss.com Melinda is also the author of the national bestseller Become Your Own Boss in 12 months; A Month-by-Month Guide to a Business That Works. (Adams Media 2010)
Very informative, I am bookmarking this
A very timely blog! This is the next step for me, and this simple outline is helping get my thoughts in order on who I would like to approach. Thanks 🙂
It is hard to figure out how or who to get as a mentor. I’m in the process myself. But I didn’t think to bring them my business plan or financial statements.
Golden ! From the society where I come from everyone holds on to their ideas, not always willing to share or mentor an upcoming entrepreneur in this industry….but till I find a good mentor ? Melinda I’ll use Your tips, they have helped in the past! Thankssssss !
Greetings! Very useful advice within this article! It’s the little changes that make the biggest changes. Thanks a lot for sharing!