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The Association of Kenyans in Switzerland

Ladies Corner! Send your articles to info@kenyanassociation-switzerland.ch

Time in Nanyuki, Kenya

Mentor

How To: Find and Work With a Mentor

By Amy Swift, Chief Product Officer,
Ladies Who Launch

Dozens of women approach me with the question, “How can I find a mentor to help me with my business?” This is a common request because not everyone has a sister who’s a legal eagle or a father who works as an international advertising executive. As entrepreneurs, we want someone we can call on to ask a quick question but also someone to sit down with to discuss the longer, more arduous details of a deal or overall business strategy. And we don’t want to pay for any of it.

Many people who think they need a partner or vendor would actually be better served by a mentor. A mentor is seasoned in the business you’re in; they have wisdom and experience in your particular area and a vested interest (not monetary) in helping you achieve your goals. But mentorship is a two-way street. There are people who love to give advice and support to those who need it, but there are limits to how you can use a mentor relationship. Here are some tips:

1. Finding a mentor. A mentor is generally someone who has a personal investment or interest in you. You can find a mentor through SCORE or StepUp Women’s Network, but the best kind of mentor is going to be someone who already knows you (or loves you!) and wants you to come out on top. Seek someone near and dear; if you don’t have anyone (even a friend of a friend) in your wider Rolodex, then pursue a formal relationship through a mentoring program.

2. Set reasonable expectations. A mentor is not going to solve all of your business woes. They should be used for periodic counsel, but they are not there to offer in-depth business advice (unless they offer that). Set your expectations accordingly.

3. Choose your battles. Know what to bring to your mentor. Don’t rely on them too heavily for day-to-day advice. A mentor is meant to be a bigger-picture thinker and strategist for you. They help you keep your head above water, and give you perspective and a sense of longevity with your business. If they’re open to more granular questions and discussions, great. But you can’t assume that their time for you is infinite. Choose your questions accordingly.

4. Set the agenda. Make a list of what you want to discuss and what problems you hope to solve in each session with your mentor. Bring something for taking notes and be conscious of their time. No one wants to spend three hours with you at Starbucks talking about something that could have taken 20 minutes.

5. Experience counts. Choose a mentor who has a history in your specific business. If they don’t have knowledge of how your world works, you’ll both be frustrated because you won’t be taking the advice the mentor is giving (annoying to the mentor), and the advice won’t really apply to what you’re doing (bummer for you.) Make sure that they can be useful to you (just because someone has a fancy title or made a lot of money does not necessarily mean they’re going to be the best mentor for you) before you drag them through the drama of your business woes.

6. Respect boundaries. Your mentor may make an introduction or give you a contact. It’s your job to make them look good and to treat that relationship with the utmost respect. You need to be prompt with your follow-up, responsible in all communications, and understand that you are now part of this person’s reputation. Take it seriously.

7. Say thanks. Mentors need to be appreciated for their time, assistance, guidance, and support. They are doing this for free, as a favor, or as a way to give back. Make sure you acknowledge this through taking them to lunch, sending thank you notes, baking them brownies—anything to show your gratitude.

This is a key relationship. Treat it with care and it will serve you well for years to come. Hopefully, you’ll be in a position to mentor someone someday—returning the favor will feel twice as good as getting it.

How To Launch on a Dime
by Michelle Madhok
www.Shefinds.com
Incubator member, NYC

For newly minted business owners, one of the biggest challenges is keeping costs down. It seems all forms of marketing, communication and office necessities cut into cash flow. My business is based on helping women shop online so I make it a rule to bargain hunt on the net for my office products and services. Below are a few tips on how to squeeze that last dime out of your high-speed connection.
1. Don’t pay someone else’s rent. I live in Manhattan where real estate is extremely pricey so when I need a printer I don’t want to pay for the copier’s Manhattan address. Search google.com for the service you need. Color copies at the neighborhood copy shop cost .89 cents each. A quick search finds www.colorcopysite.com in California that will produce the copies for .10 cents each and ship for next day delivery.
2. Cyberscale. Use online businesses where the sole focus is on what you need. For business collateral go virtual. Vistaprint.com is a bargain, offering 250 business cards for $19.99 and 250 postcards for $49.99. Need 200 photos for your press kit? Bonusprint.com charges just 29 cents for a 5×7 print of your digital photo. Compare that to $1 per photo at your local developer.
3. Fair trade. Many people looking to make a career change or get experience in your industry may be willing to trade their expertise for yours. Visit sites such as ryze.com and craigslist.com where you can post a message about the services you need. Personally I found people to help me with marketing, analysis, copy editing and photography all in exchange for my experience or advice.
4. Make it legal. Lawyers are expensive and sometimes you can’t avoid having to pay their fees, but sometimes you can get legal services at a value price. Legalzoom.com will help business owners incorporate at rock bottom prices. A white shoe law firm charges approximately $1,500 to process your corporate documents – legalzoom can do the most basic package for $99. If you do need legal advice sometimes a sole proprietor lawyer can be a better bargain. Remember – avoid overhead whenever possible. You want to pay for an attorney’s brain power, not the fancy carpet on their floor.
5. Get it secondhand. Let your competitors pay retail. On eBay you can get a gently used answering machine for $2, a “like new” Dell laptop for $400 and a closeout HP printer/copier combo for just $8. Visit amazon.com for previously owned books – you’ll enjoy slashed prices on the business books you need to succeed. A copy of Guerilla Publicity with “slight shelf wear” can be had for $6.82 – compare that to the list price of $12.95. You’re making money already.

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