essential qualities of mentor

The 5 Essential Qualities of a Mentor

Zaki Ameer was never interested in academic life, failed at school, and began his entrepreneurial journey by selling cassettes to classmates. After moving to Australia to study for a Bachelor of Business, a chance meeting saw him buy his first investment property.

He now has a successful portfolio of 10 properties, worth a total of $3 million. In 2012, he founded Dream Design Property, to help others build wealth, invest in property and build financial literacy.

A fundamental part of entrepreneurship is laying the foundations for future business success from the ground up and this is often hinged on the help of mentors. Having already embarked on the same path as prospective entrepreneurs, these individuals provide expert knowledge and useful tips that fast-track career progress.

Through meaningful and collaborative relationships with these individuals, rising entrepreneurs are gifted with rare knowledge that can help them avoid the missteps others have fallen victim to in the past.

As these relationships are so valuable, aspiring entrepreneurs need to find a mentor who is the right fit for them, but with the wealth of different individuals out there, this task can seem incredibly daunting.

So to help you navigate your way to a quality mentor, here are five unique qualities that a mentor needs to demonstrate when taking a rising entrepreneur under their wing.

1. Shared Values

After outlining their own business goals and career trajectory, young entrepreneurs must make sure they align with the achievements of potential mentors.

It is often necessary to touch base with a few potential mentors, but this process will ensure individuals are guided by a mentor who has already excelled in these areas of business.

2. Proven Track Records

It is equally crucial to follow in the footsteps of a mentor who practices what they preach. If a mentor doesn’t follow their own advice, it immediately undermines their credibility.

If there is a clear disconnect between what a mentor says and what they actually put into practice, they are not the right person to seek advice from.

3. Responsibility

Having risen from the bottom to the top, mentors occupy highly influential positions that require responsibility and accountability. With individuals looking up to them for guidance, it is even more important that mentors hold you accountable for your actions.

Mentors need to highlight any mistakes you make and provide constant feedback when expectations are not met.

 

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4. Always Moving Forward

Mentors themselves must continue to learn and this doesn’t happen without new business growth. A drive to achieve more is a defining feature of all successful entrepreneurs, as they should be looking to identify what mountain to conquer next.

The more growth they go through, the more lessons they can in turn pass on to aspiring entrepreneurs.

5. Networking

Networking is a key feature of professional life and it is vital that mentors have meaningful relationships with other likeminded mentors from related industries. In turn, this shared knowledge gets passed onto the mentee, resulting in a much more balanced perspective.

The well rounded pool of knowledge provided by the collaboration between marketing and advertising mentors, for instance, allows individuals to learn important lessons that are applicable in more areas of professional development.

Learning is a key part of professional development, and choosing someone you look up to will help prospective entrepreneurs move into the business world much more smoothly. A dynamic mentor with the background and knowledge to help you achieve your goals is a resource that all entrepreneurs should take the time to invest in.

The above tips outline the essential qualities of a mentor.

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