Paying off in the end.
Mentoring--the new buzzword A term that refers to the latest technology or a term that sounds catchy. If not a flash in the pan, new technologies become mainstream. For example, Java was a hot buzzword in the 1990s, but should remain a major topic for decades. in the small business community
Mentoring begins with a vision. The business owner who envisions taking his company to the next level while improving his performance and that of his employees is what the mentoring process is all about.
Currently funded through the Tennessee Department of Transportation The Tennessee Department of Transportation (TDOT) monitors all road projects in the state of Tennessee. It is headquartered in Nashville, Tennessee, located at the confluence of three major Interstate Highways. , the Chattanooga Housing Authority contracted with Setina Pouengue, owner of two mentoring companies, Success by Design, a $150,000 enterprise providing mentoring in the bustling construction industry in Chattanooga, and Accent Specialty Baskets, with revenues of $65,000 in 2000, which employs former mentees, to teach public housing residents the fundamentals of owning and running their own businesses.
"For the student, mentoring is a risk-free introduction to a [portion] of business that he or she may not have knowledge of. It is a way to gain confidence, sharpen or renew skills, and make lucrative contacts," says Pouengue. "Most people who love what they do look for outlets to share that information and in return receive invaluable business benefits."
Dr. Linda Phillips-Jones, co-founder of the nonprofit Coalition of Counseling Centers/The Mentoring Group (www.mentoring group.com), a national mentoring organization near Sacramento, California “Sacramento” redirects here. For other uses, see Sacramento (disambiguation).
Sacramento is the capital of the State of California and the county seat of Sacramento County. , shares Pouengue's opinions of the benefits, but she also understands that selling the mentor program to any size business can be challenging because the results are not going to be seen immediately.
"For the business owner mentoring pays off in the form of future business-to-business, business-to-consumer, and potential vendor opportunities through the mentee men·tee
One who is mentored.
[ment(or) + -ee1.] ."
Phillips-Jones offers these recommendations for implementing a mentoring program:
* Determine your purpose: Do you want to find and groom new talent? Offer advancement opportunities for the future leaders Future Leaders is a UK schools-led charitable organisation that aims to widen the pool of talented leaders especially for urban challenging secondary schools. It was founded in March 2006 by Nat Wei, a former founder of Teach First. of your company? Give back to your community?
* Put together a plan exploring how you will attract, train, and retain your mentee.
* Define how your mentee's progress will be assessed.
Considering the tight labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience , mentoring is a cost-effective way to develop the strengths and overcome the weaknesses in new and existing employees.
"Mentoring gives you a chance to fine-tune your people skills, articulate business goals and objectives, and assist employees in achieving performance goals, all the while fostering a sense of unity and loyalty in the mentee," says Phillips-Jones.
Resources for mentoring information:
* National Minority Business Council, in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , a member-based mentor organization (www.nmbc.org or 212-997-4753).
* The Women's Network for Entrepreneurial Training (WNET Wnet Windows Networking
WNET Women's Network for Entrepreneurial Training
WNET Wireless Network ) mentoring program (on the SBA SBA
Small Business Administration
Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government Website, www.sba.gov, or 800-8-ASK-SBA).
* The SBA's 8(a) Business Development Mentor-Protege Program offers 8(a) participants the opportunity to compete more effectively and successfully for federal government contracts. Call 202-205-7337 or visit the SBA Website.