Building Your Money Machine

TES 028 - How to Get the Right Mentor


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In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals talk in-depth about the concept of mentorship, what to look for in a mentor, their types and whether all of them are equal.

 

There are no self-made men or women. There are people around them that helped and believed in them. All success is a team work. With mentorship, you allow someone who has already experienced the journey and understood the perspective to shrink your learning curve and avoid the mistakes they made.

What to look for in mentors?

  • Vision: Do they understand your vision, your passion for it and its importance to you? They should be willing to travel the journey while providing the support when you are lost or confused.
  • Values and Ideals: Mentors should have the same values as you and focus on the same things. So when your values are getting fulfilled they are getting rewarded as well. They fight for it with great passion, energy and commitment because at the same time, their values are self-actualized.
  • Accessible: They should be accessible not only physically but also emotionally, intellectually and spiritually. They should be open to you while being compassionate. They shouldn't tell you what you want to hear but actually show you the truth and your faults.
  • Accountable: The mentors should hold you in higher standards to prevent your values, ethics, dreams and desires from being compromised. They should encourage you and make you accountable instead of narrowing down dreams.

 

Full Spectrum Mentoring

There are four different types of people you can have in your life. It is recommended to have at least one person in each category.

  • Coach: They have little specific knowledge of your industry and about you personally. But they are insightful and exploratory. They give you the exercises and frameworks to work on.
  • Mentor: This is someone who has great knowledge about your industry but little personal knowledge of you. They are able to give us specific business advice as they have already run the miles that we are currently on.
  • Allies: They don't have any experience in the business but they have known you for a while. They know what drives and frustrates you. They have the ability to give an insightful perspective about you.
  • Confidant: They not only know you personally but they have tremendous knowledge about your business and industry. They know you really well and
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Building Your Money MachineBy Mel H Abraham, CPA, CVA, ASA

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