The BusinessMakers Radio Show

Episode #244: PKF Texas: The Entrepreneur's Playbook® - Mentorship

Audio for this transcript available

Greg: This is Greg Price with PKF Texas' Entrepreneur's Playbook. How does your firm handle mentoring junior team members? Do you have an established program or are your mentor relationships more informal?

There are several things to consider when establishing a mentoring program:

1. Allow team members to self-select their mentor/mentee, being careful to avoid favoritism. This encourages a more effective relationship
2. What kind of communication training should be provided to participants?
3. The mentor and mentee should meet on a regular basis and set clear milestone goals

A mentorship program focuses on developing a relationship through self-disclosure, building trust, listening for understanding and providing feedback.

The benefits of a more formal program can include:

1. Provide the tools to assist with succession planning
2. A reduction in turnover and
3. The development of team members leadership skills

To read and comment on the PKF Texas' Entrepreneur's Playbook, visit my blog, fromgregshead.com. PKF Texas the fit, that's right!