Guide to Advising & Mentoring
Connect and Build a Relationship
Giving you the tools you’ll need to foster a meaningful connection with your match.
Meet your advisee or mentee where they’re at in their journey
Making a meaningful impact as a business advisor or mentor on skysthelimit.org starts with understanding the individual who you’re working with. Our entrepreneurs’ dynamic needs often include:
Building self-confidence, combatting discrimination, learning soft and hard business skills, such as, responding to an email in a professional and timely manner, or managing a project deadline. Creating and following a roadmap for achieving their business goals, ability to remain financially stable, and networking with people in their industry.
Embody our core tenets to lay the groundwork for a lasting relationship
First, focus on building a relationship of trust. The first part of building a trusting relationship is showing the other person you’re excited to meet them and collaborate with them! Proactively reach out to each other. Be a good listener. Avoid jumping to conclusions or immediately administering advice.
Empower the entrepreneur to help themselves
We model and teach where possible, subscribing to the adage “if you catch a fish for someone they eat for a day, if you teach someone to fish, they can eat for a lifetime,” but where appropriate, we provide templates or initial frameworks such as, a contract template, logo, or QuickBooks setup, which they can re-use with little to no help.
Model businesslike behavior
We proactively communicate, come to scheduled meetings promptly and prepared, follow up on promises, and are responsive to emails and calls. Maintain these high expectations for yourself and for your mentee – while also accepting that no one is perfect!
Subscribe to the lean startup model
We encourage entrepreneurs to start small, test often and generate revenue as soon as possible versus seeking loans and investments as a way to get started.
Check out our Guide to your first meeting for more guidance on how to engage with your Entrepreneur.
Teach, Guide, Counsel, Do
Provide the support that your entrepreneur needs
Advisors and mentors provide some combination of these four kinds of support based on what a young Entrepreneur needs.
TeachGuideCounselDoTeach entrepreneurs skills (both soft skills and Pathway-related skills), habits, and mindsets. Ask probing questions, instill focus, and hold problem-solving discussions with entrepreneurs supporting them through their journey. Provide specific advice on different areas of business, such as how to create a budget, a brand strategy, or develop a proposal. Helping entrepreneurs actually build parts of their business, making relevant introductions in your own network, etc.
An advisor or mentor is not responsible for:
Focusing on the advisor’s or mentor’s business interests
Doing everything for the young entrepreneur
A conflict of interest
Getting stuck in the details
Use available resources to provide the best support possible
Our entrepreneurs are often looking for detailed help in specific areas of their business. We have created numerous Entrepreneur Resources that you can leverage to structure your advising and mentoring sessions. As always, if you have any questions, concerns, or ideas for new resources, please reach out to email@example.com!
Check out our resources for entrepreneurs!
Being aware of potential challenges throughout your experience can help you proactively set expectations with your entrepreneur.
Relationships are complicated. Being aware of potential challenges can help you prevent or prepare for inevitable obstacles.
Inadequate definition of roles and expectations
Conflicting values or not a good personality fit
Meetings are repeatedly re-scheduled or missed
Relationship difficulties & lack of commitment
Wanting to give up
Unreasonable demands for help and support
Wrapping up a relationship with an entrepreneur is just as important as starting the relationship – setting expectations can help make this transition easier
If you and/or your entrepreneur feel ready to wrap up the work you’re doing together, here are a few steps we recommend:
1. Talk to each other about your readiness to wrap up the relationship. If you need any support on this, contact our Program Director! In that conversation, be sure to recap what went well, the progress made, and provide encouragement and support to the entrepreneur!
2. Discuss the most pressing needs of the entrepreneur now, and encourage them to request an advisor or mentor on skysthelimit.org to meet that need!
3. Be sure to rate your experience working with the entrepreneur – this will not be shared and will improve our ability to match you with the right future entrepreneurs.
4. If appropriate, feel free to leave the door open to the entrepreneur to contact you at some point in the future in areas where you’re comfortable supporting them.
6. Match with another entrepreneur on skysthelimit.org!