How to Find a Great Business Mentor in Australia

Finding the right business mentor in Australia can take your company to the next level. With their knowledge and experience, a great mentor can help you strategize, troubleshoot, and manage resources more effectively while also connecting you with potential customers and partners. Learn more about what it takes to find the right business mentors in Australia.

Identify Your Goals and Teaching Style that Best Fit You

Before you begin your search for a business mentor in Australia, it’s important to establish what your own goals are and determine which teaching style works best for you. Do some research into the different types of mentoring, such as one-on-one coaching, group sessions, virtual mentoring programs and other options that may be available in your area. Consider the topics and areas you want to focus on with a mentor so you can look for someone who has those relevant skills and experience.

Ask Trusted Advisors for Advice and Recommendations

Many successful entrepreneurs had help and support from mentors along their journey. Ask past and current business owners, advisors or friends in relevant fields if they have an established mentor they can recommend. They may also be able to provide invaluable advice on the kind of guidance and mentoring that you require. Asking existing networks can lead you to quality contacts and referrals, so it’s important to leverage your existing contacts when you’re looking for a great business mentor.

Research Reputable Mentoring Programs in Australia

Australia is home to numerous business mentoring programs that connect entrepreneurs with mentors. Investigate different mentorship opportunities, including accelerator programs and hackathons at universities and incubators such as MTech and BlueChilli, as well as government grants like the Small Business Digital Grants program. Also look into industry networking events where experienced mentors or advisors can be found. These types of events can often be great sources of advice, ideas and contacts which work to boost the profile of your business.

Look for Experience, Professionalism and Likes-minded People

When searching for a mentor, it is important to find someone who has the experience and knowledge specific to the industry you are looking to enter. Additionally, the mentor must have the right attitude and be willing to commit time and resources in order to effectively guide you. Try looking for individuals who align with your values and goals; this will make communication easier as both parties will have similar ideals. Finally, look for someone who is professional in their approach; this will ensure them as an effective mentor as well as give credibility to your business.

Make Sure Your Mentor Understands Your Business Model and Needs

When searching for the right mentor, make sure the person you have chosen is well acquainted with your business model and has a clear understanding of the strategic objectives that you would like to achieve. Additionally, it is important to find out if the mentor has ever mentored a similar business before as important lessons may have been learnt from past experiences. Furthermore, by bringing in a knowledgeable and experienced third-party, you are able to reduce risk when starting up or scaling your business.