#16 - Mentoring
Growth can be limited because you only have access to your own knowledge and experiences.
Grow faster by leveraging the lessons learnt from other people. Or help others grow by sharing your own journey.
Build an internal mentoring program at your company. 5 great examples: Caterpillar, Schneider Electric, Bain & Company, General Electric and Fidelity Investments.
MentorCruise - Mentors for tech, design, founders and marketing.
MentorPass - Idea validation, products, growth, operation and performance mentors.
Squired - Advisors from top universities.
Expat Mentors - Get guidance from seasoned expats.
Growthmentor - Get or give advice to boost startup growth.
The Mentoring Club - Free mentoring for founders, engineers, marketers and creatives.
Re:create - Mentoring for creatives
Mentoring is industry-independent. Still most current platforms seem to concentrate on the tech space. Many niches are still largely unexploited. How about mentoring for healthcare, trades or heavy industries?
Many mentoring platforms accept only the top 5% of mentors - this creates a moat for those who get in.
Experience is a pre-requisite for higher mentoring fees.
Anyone can be a mentor. Mentoring is a low-barrier space. Which attracts also scammers and shady characters.
How to make an extra $10K per year by coaching and helping others.
Virtual mentoring is already a given. It gives unprecedented access to mentors around the world, it's more time efficient and allows to meet more mentors faster.
Reverse mentoring becomes common in many organizations. A step further: reverse diverse mentoring ensures that leaders get insights to the obstacles that minority employees face. Reverse diverse mentoring grew by over 200% during 2020.
Why You Should Pay for a Mentor - The reasons why markets for paid mentors exist.
We're Huge Fans of Online Mentoring Platforms - A list of 20 more mentoring platforms.
Mentoring is easy to start and can bring in $100-500/h. But low barrier-to-entry means also a lot of competition.
Mentoring as a paid service is still a relatively new idea and focused largely on the tech space. Market gaps outside this area exist.
Non-profits are also an option when starting a mentoring program.
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Thanks for reading. See you next week!