How To Build Great Relationships With Mentors And Advisors

A lot of people have mentors and advisers in their life and it is important to build good relationships with them, so that everyone can live a good life. Great businesses are built with a lot of effort and only a key handful of important decisions. A relationship with a mentor is what is called an informal relationship.

Key Takeaways:

  • Mentors are committed and generous with advice, experience, or introductions, but don’t guarantee any specific amounts of time, regularly scheduled meetings or deliverables.
  • The value of the Board Advisor can be tremendous as you move your business to a more formal and operational entity.
  • As your company moves into commercialization the value of a Board of Directors formalizes many of the necessary management processes.

“Effective relationships with mentors, advisors, and directors are based upon four main areas of concern and agreement between the parties; the Relationship, Value, Time Horizon, and Compensation.”

http://www.ceo.com/entrepreneurial_ceo/how-to-build-great-relationships-with-mentors-and-advisors/

(adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({});

The quickest way to level up, become smarter & add value to your career in business

Join Over 17,764+ Smart & Savvy International Business Professionals

Signup for the FREE weekly newsletter: The Essential Edge.

  • Productivity & how to save your time
  • Leadership & Management
  • Business strategy
  • Selling

A weekly non-stuffy 2 minute read.

Get the FREE Report: How to Make Better Business Decisions when you sign up for the Essential Edge newsletter.

Essential Edge Step 1 optin

The Essential Edge is brought to you by Ethan Hathaway, the world’s premier Learning as a Service (In-Person & Online Training) Provider to International Business Professionals.

Scroll to Top