One of the most common pieces of advice given to young and aspiring entrepreneurs is to seek out a mentor. This can be a great help in their entrepreneurial journey as it allows them to learn and grow. However, it shouldn’t be the case that they must do all of the leg work to get a successful mentorship. Instead, seasoned entrepreneurs and business owners can be proactive in helping the next generation.
Leaders can pay it forward by giving back to the communities they serve. This may mean volunteering their time or creating opportunities for the next generation of entrepreneurs.
Here are a few ways that successful entrepreneurs can help mentor the next generation.
Share Lessons You’ve Learned
“I wish that I knew what I know now when I was younger.” Leadership challenges are inevitable, and it’s our responsibility to teach the next generation how to manage those obstacles. Share your lessons and help cultivate the leaders of tomorrow.
Consider Holding “Office Hours”
Make yourself available to young entrepreneurs by setting up virtual office hours. This can be an hour a week or even once a month, where you commit to hosting a zoom where people can sign on and ask you quesitons. Promote it online and encourage everyone, especially underrepresented people in your industry, to join the conversation, ask questions, and share ideas.
Share Your Story
By far, the easiest thing that industry leaders can do is share their stories. Furthermore, if you have the means, help the next generation tell their own stories. This can be achieved through brand content, interviews, and coaching. Sharing your story can help others to develop the necessary skills, perspective, and mindset.
Partner with a Startup
Successful entrepreneurs can team up with a startup and provide them with practical assistance, such as HR guidance, legal advice, and financial support. Most startups lack resources. In return, the startup may supply agility and energy to your own business.
Follow Young People with High Potential
Follow high-potential individuals on social media, and react to their activities personally. One way to build trust is by introducing yourself and sharing a quick story. Cheer them on when they succeed and send encouragement when they face a setback.