Tweet

Accountability Mentoring Partnerships

Guest post by: Denise Griffitts

Article Overview: If you’re just starting out in online business or have very specific needs, you may want to forego the traditional accountability partnership and choose to work with a paid mentor instead such as a business coach instead. Mentors, like accountability partners, come in all shapes, sizes, experience levels, specialties, and personalities. While you can expect to pay anywhere from hundreds to thousands of dollars for the privilege of working with a mentor, the relationship can earn you back your investment many times over, in saved time and sound business advice.

Accountability Mentoring Partnerships

If you're just starting out in online business or have very specific needs, you may want to forego the traditional accountability partnership and choose to work with a paid mentor instead such as a business coach instead. Mentors, like accountability partners, come in all shapes, sizes, experience levels, specialties, and personalities. While you can expect to pay anywhere from hundreds to thousands of dollars for the privilege of working with a mentor, the relationship can earn you back your investment many times over, in saved time and sound business advice. Following are the basics of what you need to know about mentors:

Pros: You have someone completely focused on you and your needs, so you can save a lot of time and effort. Because your mentor has successfully navigated the path you're treading, he or she can give you the benefit of their experience and save you a lot of time and money. Good mentors also often have wide networks and can share these connections with you. Hopefully your mentor has reached a level of success where he or she can help you to avoid mistakes and give solid advice. Too often, accountability partners are both at a level where they aren't making money yet, so it's a case of the blind leading the blind. Obviously you can avoid that situation by hiring a successful mentor to coach you down the road you're on.

Cons: Instead of "paying" for your partner's assistance by reciprocating his or her support, you will pay with cash, so if you're in the start-up phase and your wallet is a tad on the thin side, you may have trouble footing the bill. Also, mentors are, understandably so, biased to their own experiences. If something worked for them, they're inclined to recommend it to you, even though another option may be a better fit. No matter whether you're hiring the best "guru" in the business or a marketer who's doing well who you look up to, never blindly follow advice for this very reason.

Suggestions: Choose your mentor carefully! Make sure you resonate with him or her not just in terms of what they've accomplished, but in terms of their personality, ethics, and work style, too. Also, choose someone not just on what they tell you they've done right, but based on the mistakes they're willing to share, too.

Almost every successful business person, online and off, will tell you that getting a mentor was one of the best things they've done to advance their business rapidly. A great mentor can save you years and thousands of dollars in getting your business off the ground and growing, and can hold you accountable for your progress, too.

Stay tuned for the rest of this article which has of necessity been broken into a series:

• 1. Accountability Partners For Internet Marketers
• 2. Setting up An Accountability Partnership
• 3. Live and In Person: Setting up an "IRL" Accountability Partner
• 4. Virtual Accountability Partners
• 5. Mentoring Partnerships
• 6. The More the Merrier? Partners versus Groups
• 7. Five Tips for Great Accountability Partnerships
• 8. Trouble-shooting Your Accountability Partners
• 9. Online Resources For Accountability Partners
• 10.Next Steps In Your Accountability Partnership
• 11.Conclusion

Related Articles
  Accountability Partnerships Series Conclusion
  Setting up An Accountability Partnership
  Next Steps In Your Accountability Partnership
  Live and In Person: Setting Up an "IRL" Accountability Partner
  Accountability Partners Versus Groups
  Online Resources For Accountability Partners
  Virtual Accountability Partners
  Trouble-shooting Your Accountability Partnership
  Five Tips for Great Accountability Partnerships
  Accountability Partners For Internet Marketers
  Mentoring - It’s All Greek to Me!
  Values
  Difference Between Mentoring and Coaching
  A culture of accountability is the key to business and organisational success
  Who SHOULD be mentored?
  “Business Mentoring – Add It To Business Coaching For A Powerful Combination”
  Mentoring in the Workplace
  Transitioning New Employees Into the Workplace with Employee Mentoring Programs
  Fusion Marketing: Two Businesses Are Better Than One
  How to Create a Strong Leadership Succession Plan With Mentoring

Article Tags: accountability buddies, accountability coach, accountability mentorsound business advice, accountability partners, business coach, denise griffitts, internet marketers, mentor, mentors, partnership, partnerships, virtual assistance industry expert
Referred by: http://www.onlinebizu.com



Related Forum Posts
Re: Essential Leadership skills - Vision Values Mission Strategic Thinking Decision Making Communication Team Bonding People Development Coaching / Mentoring / Guiding / Grooming Presentation Thanks Robert
Business Women Peer Mentoring Spotlight - Hi Ladies, I had an idea on how we could really offer some support to one another here on the Forum. I thought it might be fun if we invited one of the Ladies here to put her business in the spotlight. Then we could all have an opportunity to do a little Peer Mentoring. After a specific length of time, we could then open it up for the next woman to present her business. What do you think? Do you want to be the woman who gets some free tips first? If so, tell us your situation and we'll get started! I'm looking forward to hearing what you think. Warmly, Tami
Re: looking for partner - Partnerships in business can be tricky. Most partnerships fail. Here are a few points to ponder before starting a partnership: - Should have common goal and vision - Level of commitment in business - Expectations from business and each other. - Good sense of self-worth - Financial Position – Have a good experience in related business with strong financial standing I suggest you to go on Google type “Partnership Assessment form” and Partnership Assessment Tool” You find some good results. Further apart from this forum look into on social media and business sites.
Re: Has anyone used the SBA's Micro Loan program? - [quote="Kevin Lee":1gvayekb]Hi Barbara, Personally, I would prefer to just use my own money, and if I needed more, I would consider enlisting the help of a partner. I want to limit my risk and liabilities as much as possible.[/quote:1gvayekb] I disagree with the partnership advice. The only ship that wont sail is a partnership. Partnerships make business messy and complicated. If you need the funds to expand just expand slower. If you need the funds to stay open you need to look at your business plan a little more closely.
Different Hats - CEO Sales & Marketing & Leadership Development Company Strategic Vision 10 Alliances & Growth Strategies 10 Hiring & Managing People 8 Mentoring 8-9 Strategic Planning for Clients 10 Execution of Marketing Campaigns 9-10 (i have great people who do the nitty gritty) Financial Management 9 Bookkeeping 3 (outsourced as I really hate the fine details like GST0 Administrative Follow Up 6-7 (again have great staff) Writing & Publishing 9 (getting better all the time!) Speaking 10 (so I have been told) Self Promotion 9-10 Web development & Promotion 6-7 (learning more and have brought on players who are 10+) Babysitting Employees (1 - wont do it, that's why I work so hard to hire and motivate the people I have) Great topic Kevin!! Jude


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

The Digital Diet by Daniel Sieberg

How Promotional Caps became a Fashion Trend

When Your Smiling

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.