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Finding the Right Mentors: A Small Business Owner's Roadmap

Bhushan Ekbote, CEO, TAB Austin · 2 min read

Finding the Right Mentors: A Small Business Owner's Roadmap
Image source: Rossographer, CC BY-SA 2.0, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Direction_sign,_Belfast_-_geograph.org.uk_-_6943552.jpg)

You will not find a good mentor by asking "will you be my mentor?" You find one by being worth investing in.

That line sounds backwards until you watch how it works. Mentorship is a relationship, and relationships need history. A stranger has no reason to give you their hours. Someone who has watched you be honest, take advice, and follow through has plenty.

Why most searches fail

Owners go looking for a famous name, send a cold message, and ask for a monthly call. The answer is usually silence. Busy people get a dozen of these a week, and none come with a reason to say yes.

What to do instead

1. Get specific about what you need. "Business advice" is vague. "How to price a service when I am bigger than a freelancer and smaller than an agency" is a question a mentor can actually answer.

2. Look one or two steps ahead. The most useful mentor is not the billionaire. It is the owner who was where you are three years ago, and still remembers it.

3. Go where honest conversations happen. A mixer will give you a business card. A small, repeated, closed setting will give you a relationship. People mentor those they have seen up close.

4. Bring a real problem and report back. Ask a narrow question. Then come back and say what you did with the answer. Nothing earns a second conversation faster.

5. Offer something. Make an introduction, share a resource, tell them what you learned that might help them. Mentorship works best when value moves both ways.

6. Keep it light at first. Ask for twenty minutes, not a standing commitment. Let the relationship decide what it wants to be.

The vulnerability factor

I keep saying it: the speed of a relationship depends on how vulnerable you are willing to be. The owners who find mentors fastest are the ones who say "I am stuck on this and I am not sure what to do."

It feels risky. It is the opposite. People are drawn to those who admit what they do not know.

The honest limit

One mentor gives you one lens, shaped by one career. Their advice is excellent and sometimes wrong for your situation. And mentors run on their own time, which can mean long gaps.

That is why I treat mentors as a bonus on top of something with more structure. A peer advisory board gives you several mentor-like voices, on a monthly schedule, so you are not waiting on anyone's favor. Many members tell us the relationships from the board are where their best mentors came from.

A place to start: come to a TAB Austin CEO Roundtable and notice who you want to talk to afterward.