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8

 – Essential Tips for Finding Your Ideal Business Mentor

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Hosted by HerBusiness

On air:

25 January 2024

Mentors have played a vital role in the achievements of many thriving businesswomen and can also greatly support the growth and success of your own business.

In this episode of the HerBusiness podcast, we dive into the topic of mentoring and how to find the right mentor for your business situation.

Listen to Discover:

  • Mentor or Coach – Who Do You Need?: Learn the critical differences and make the right choice for your business.
  • How the right mentor can transform your approach to scaling your business and managing key transitions.
  • How a mentor from a completely different field can open up innovative pathways and solutions for your business.
  • The truth about investing in mentorship and how to gauge what’s right for your business’s financial health.
  • Debunk common myths about mentorship and learn how to find a mentor who truly complements your business vision and personal growth.

Here is a Summary of the 8 tips Provided in this Episode:

  1. Understand the Difference Between a Mentor and a Coach: Recognise that a mentor offers guidance based on personal experience, whereas a coach focuses on task completion and accountability.
  2. Identifying the Need for a Mentor: A mentor can help you focus on big-picture strategies. Assess if you are spending more time working IN your business rather than ON it.
  3. Seek a Mentor with a Proven Track Record: Look for someone who has achieved results in the areas where you need help.
  4. Consider the Cost: Determine whether a paid or volunteer mentor fits your budget and needs.
  5. Industry Experience Isn’t Always Necessary: A mentor from a different industry can offer fresh perspectives and innovative solutions.
  6. Avoid Controlling Personalities: Choose a mentor who facilitates decision-making rather than directing it.
  7. Network and Spread the Word: Utilise your network to find potential mentors.
  8. Peer-to-Peer Mentoring as a Starting Point: Consider joining groups like HerBusiness Network for peer-to-peer mentoring opportunities.

Mentoring can be a transformative experience for business owners at any stage. Whether you’re starting out or looking to scale, the right mentor can provide the insights and guidance needed to navigate challenges and seize opportunities. They can also give you that boost in confidence to take risks that will support your development.

 

Want to try out our successful peer-to-peer mentoring accountability groups?

Join us inside the HerBusiness Network and get FREE access to the HerBusiness Growth Groups. Here, you can foster deeper connections, receive encouragement, and benefit from peer mentorship that helps you stay accountable towards your business goals. A $2,640 value – yours FREE when you join the HerBusiness Network.

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About the host

Suzi Dafnis

Hi there. I’m Suzi Dafnis, CEO at HerBusiness. My BIG passion is helping women business owners to grow and scale their business, so that they can create their ideal lifestyle and make a difference in the world. Every day I am inspired by the more than 30,000 amazing women (and men!) in our community and I love finding the best education, mentors, and resources from around the globe, to help them get the skills, knowledge, and support they need to succeed. It’s been my privilege to lead HerBusiness (formerly The Australian Businesswomen’s Network) for the past 23 years (two+ decades – WOW!) because, whilst I’ve enjoyed success in business, I’ve also experienced the highs and the lows – sometimes you can feel on top of the world and in control and other times you can feel isolated, exhausted and stuck. What has made the biggest difference for me has always been having great people around me and having a lifelong commitment to learning. That’s why I am so passionate about the work we do here at HerBusiness – providing a Connection Network for women in business to get the mentors, contacts, referrals, knowledge, and skills they need to grow their confidence, make more money, build their businesses, expand their network and create the lives they love. My entrepreneurial journey started in the spare room of my Sydney apartment in 1994 when my business partner and I started a boutique events company that represented speakers and authors from the USA, here in Australia. Over the years I’ve grown multiple multi-million dollar businesses in the events, publishing and education niches – with teams in Australia, New Zealand, and the USA. Not everything has worked and there has been a degree of trial and error, and a lot of bumps in the road. But I have always had a strong commitment to always surrounding myself with great mentors and like-minded peers – a Connection Network that I can depend on and who can depend on me to be there for them too. I truly do what I love, every day.  

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