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TOPIC: RESOURCES(Mentoring)

NOTES:

Define Mentor.

A mentor is
 An adviser
 trusted guide
 wise intellectual person
who uses their mind creatively, especially in occupational settings, and advises the others to achive their
goals.
Who is a Business mentor?
A business mentor is a person who has the experience of successfully establishing and running a
business and is capable and willing to offer invaluable
 advice
 guidance
 and support
to a new entrepreneur.
What is the difference between Group mentoring and Peer mentoring.
Group mentoring is the one in which the mentor mentors a group of 4 to 6 people in one go where as
peer mentoring is the one where in the mentor maintains the mentoring relations with their peers
either formally or informally.
Define informal mentoring.
Informal mentoring is the type of mentoring where in
 Goals of the relationship are not specified
 Outcomes are not measured
 Depending on the basis of personal chemistry, the mentor and mentee self-reflect.
Role played by a mentor:
Mentors play a critical role to provide support, recognize the strengths and weaknesses of the
entrepreneur and guide them to take corrective measures. Their role involves helping the entrepreneur
in
a. Assessing the entrepreneur’s areas of shortcomings and strengths and Provide valuable
feedback to them in important areas.
b. business partner identification
c. Coordinating the activities related to the assessment of funds and new technologies and provide
consultation.
d. Defining and understanding the current situation of the enterprise and diagnosing the order.