ASK SCORE®

5 TIPS TO GET A GOOD MENTORscorecr


Think about the end result.

Let your mentor know what advice you want for success. Do you need advice on managing cashflow or a mentor to help keep you energized and motivated? Both are good. Be clear.

Be prepared.

Share a snapshot of your business today. Share goals, so your mentor has a picture of your dream for success. Then, ask questions and listen for great ideas.

More is better.

Develop a network. No one person has all the answers. Not you, your CPA, your mentor. You may want a mentor for business planning and a mentor for finance and cashflow.

Cash is king.

Good cashflow is important especially at start-up and growth stages. Always, be wary of economic slowdowns. A mentor can help you plan a collections policy, make plans for a line of credit and project cash flow based on sales.

Seek industry expertise.

Find a mentor who can address industry specific issues.

Get a mentor.

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For more advice on how to succeed, Ask SCORE online or Find SCORE near you.

Author: Christine Banning, SCORE VP
Corporate Relations

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For LOCAL help, you can contact

SCORE® “Counselors to America’s Small Business.”


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Dated May 20, 2009 Topics: Ask SCORE, Learning and Training

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