Mentors, mentors, mentors… EVERYONE seems to be talking about mentors these days. And I know you guys have been asking yourself this question for a while now, so let’s be honest; are there real and tangible benefits of having a mentor? I mean, should we assume that mentors are just a trend like anything else, or should we actually take the time to investigate and find out what’s the real return on investment (ROI) of building great mentor-mentee relationships?
Let’s find out!
Coaching vs Mentoring.
Coaching and mentoring are two related, yet different things. That’s usually where people get confused… Because let’s face it; it can be pretty confusing. A few weeks ago, as I was having a conversation on what the word mentor means with James Arthur Ray—Inc. 500 entrepreneur, New York Times bestselling author and featured expert in the movie The Secret—he brought up something really interesting.
According to him, a coach is someone who’s going to sit down with you, look at your goals and tell you step by step what you’ll need to do if you want to get there. Coaches teach you tactics; the practical stuff. Whereas mentors teach you principles and philosophies. Still according to James, a mentor is someone who’s going to teach you the principles so you can then find the strategies and tactics on your own. Of course, that’s an oversimplification, but you get the idea.
So, which one is better? None; they’re both good, as they’re both serving a specific need.
For example, you could a mentor can guide you in the right direction on a macro level, so that you can find the strategies you need on your own. And then a coach can help you develop and apply these concepts on a micro level.
See, you’ve got to figure out your needs in the first place. Then, and only then, you’ll be able to decide who can help you with that.
What Are The Benefits Of Having A Mentor?
I think this one is pretty obvious. Finding a mentor can definitely help you save a lot of time—they probably won’t make you succeed, because you’re the only responsible for your own success. But I think a coach or a mentor can definitely help you cut your learning curve in half.
A mentor is someone who’s probably been where you want to be or done what you want to do at some point, meaning that they should be in a position where they can guide you—once again, to help you save time and money. And to me, that alone is worth its weight in gold.
If you want to learn more about all the upsides of having a great mentor on board with you to help you with your projects, I’d recommend you sign up to my mailing list to be the first informed of the release of my upcoming book on the subject. While writing this book, I’ve interviewed several VERY successful people from all around the world to ask them relevant questions about mentorship. You won’t believe the secrets some of them told me…
What Are The Benefits Of Having A Mentee?
In other words, what are the benefits for someone to invest time and efforts in a mentee—what’s the ROI? I feel like a lot of people are talking about all the great things a mentee can get from a good mentor-mentee relationship, but no one seems to be talking about the upsides for someone to invest in a protégé.
Now, I really do believe that a great mentor-mentee relationship should be a win-win situation, and that’s why I want to highlight the benefits a mentor could get from having a mentee. Most coaches will generally get paid for their services—that’s how they make a living, which is totally fine by me. But on the other hand, most mentors will help people for free. So, my question is; what’s in it for them?
Well, I asked this to a few people over the past couple of days, and although the answers I got varied a little, most people agreed on the fact that in most cases, the mentor can also learn from the mentee.
You know, being in a position where you can teach a certain skill doesn’t mean you can’t learn something else from another person, and vice versa. So, for example, I’ve had multiple mentors; one of them taught be a lot about the nuts and bolts of money making and money management. In return, he also learned a lot of cool social media tricks from me. See, that’s what I call a win-win situation.
So, what do you think the ROI is for both the mentee and the mentor in such a relationship? I’d love to hear your thoughts about that! Let me know in the comments below!
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