“Mentoring” is easy to offer but not always easy to deliver

September 23rd, 2013 → 11:31 am @

A while ago I engaged with an aspiring entrepreneur to drive a new company.  The business model had been proven to work, and I just needed someone with energy and a sense of ownership to make it happen, in exchange for modest income plus equity.

The entrepreneur had already started a small business in a similar space and said that a key motivation for taking this role was to get mentoring from the Board.  I was happy with that.  It explained why an entrepreneur who had their own thing going might put it aside to work on my business for a couple of years.  I have mentored a lot of entrepreneurs, and was happy to help one who would also be helping me at the same time.

My experience with entrepreneurs is that they are opinionated, self-motivated, and impatient.  The mentoring they seek is usually of two types:  Most often it’s about problem solving.  They call up at any hour to ‘run an idea past me’.  We analyse the situation together, and they quickly decide how they will handle it.  The second, less common, type of mentoring they seek is the ‘meaning of life’ type… often when things are going badly for them.  They’ll usually come round to my house, drink coffee, and ask whether the pain they’re inflicting on themselves and their family is all worth it.  Will they get the business built before their life falls apart? (more…)

Entrepreneur behavior &Mentoring entrepreneurs