Mentorship: Necessary for Businesses

Behind Every Successful Venture, There is a Mentor. The role of Mentor is very important at various stage of Business. Mentorship is very much important for successful Business.

GOOGLE could not have been a great success without the mentorship of Stanford Professor Rajeev Motwani, who passed away this week.

Here is Mentor’s Role in an Evolving Venture -

01) Conceptualisation Stage – Inspiration & Reality Check

02) Business Plan Stage – Structuring the Plan into a viable Business Model

03) Starting Up – Ensuring Operational efficiencies, team Building

04) Achieving a Threshold – Reaching a Revenue target ensuring healthy bottomline

05) Building Scalability – Innovation, Expansion in new Markets

06) Maturity Stage – Diversification, Raising Capital (Via Debt, PE or IPO)