What is business mentorship?
Mentorship is a helping relationship in which you, as a business leader, lend a new entrepreneur your experience and advice, and offer them encouragement when they need it. This facilitates advanced skill and knowledge transference and promotes motivated action -- all things an entrepreneur needs for their business to succeed.
What is the purpose of business mentorship?
Business mentorship is making use of your knowledge, skills and experience as a person of prominence and influence to help a new entrepreneur survive and grow in today's competitive climate.
How does business mentorship work?
Mentorship plays out in various ways. A retired executive could provide the advice a young entrepreneur needs to market their new product. A successful businessperson might assist a recent college grad to develop useful industry contacts. An experienced employee can help a new worker adapt to the corporate environment.
What sectors are using mentorship?
Saskatchewan is well-known for mentorship in the social sectors. But junior executives move up the promotional ladder under the auspices of senior executives the same way whether they are in social or industrial sectors. BMI's purpose is to stimulate and raise awareness of business mentorship.
How does BMI support mentorship?
By raising awareness, coordinating cooperation, and supplying resources, BMI is building a network to grow and sustain mentorship throughout the province. For individuals, BMI provides information and training on how to build and maintain effective mentoring relationships.