SPRING SEEDS QUARTERLY NEWSLETTER (ISSUE 8, JULY 2010) ( Singapore)
As the Chinese proverb goes, "A single conversation across a table with a wise man is worth a month's study of books".
Mentoring, which is most commonly defined as developmental dialogues between a more experienced ‘Mentor’ and a less experienced partner referred to as a ‘Mentee’ or ‘Protégé’, creates a space for dialogue that results in reflection, learning and action.
As such mentoring is about conversations that create insight and action. Mentoring is a "Joint Venture" between a Mentee and a Mentor with mutually agreed upon objectives
MentorSquare offers small and medium businesses: sensible, practical and timely world-class mentoring, and guidance to clear the way for business success. It does so through its global network of over 120 Mentors and Experts, and bridging assistance through an easy-to- use portal developed by MentorSquare.
The mentoring process is enabled and powered through the online mentoring platform. The MentorSquare model depends highly on consistency, commitment and continuity of the conversations between the parties. With specific and mutually agreed milestone-based approach, these interactions empower, enable and energize Entrepreneurs to receive guidance and take appropriate action to grow his/her business to the next level.
A short anecdote on how MentorSquare empowered and enabled one company in Malaysia...
In late 2005, a company in Malaysia approached MentorSquare, for Mentorship opportunity. The company operated in the telecommunication space and was funded by a Malaysian investor. This company has somewhat reached a stable revenue stage, and relied on a single major client for its revenues. However, they were not complacent with their achievements, and were seeking for greater growth.
The first step in building this mentorship process was to understand their needs and aspirations and concur on setting certain goals and targets which both sides were committed to work on.
It was important to get a handle on the company’s profile, its strengths, weaknesses and aspirations,before MentorSquare worked with them to craft a strategy to take it global. MentorSquare also facilitated the entire execution process by making key introductions, pointed them to information sources, advised and motivated the management team to resolve challenges and roadblocks along the way.
As part of its globalisation strategy, it was necessary for the company to raise funds for its growth.
Leveraging on its network of contacts, MentorSquare reached out to financiers and venture capital companies across the globe, to make the necessary connections. In mid 2006, with steady support and guidance, the firm was able to raise the requisite funds for their global expansion from one of the largest venture investment firm in the USA. The investment gave the company an opportunity to compete in the global market, enabling them to service major telecom players in India, Turkey Egypt, Hong Kong and a host of other countries.With thumbs-up efforts in taking the first steps to becoming a transnational company, they pursued with a follow-on plan to penetrate their presence in more markets.
There are many more such stories happening and in-the-making, as we read this.
You can take a look at MentorSquare’s portal to understand their commitment to assist entrepreneurs and small businesses across the globe achieve great winnings.
Website: www.mentorsquare.com
Email: info@mentorsquare.com /
vishesh.jayawanth@mentorsquare.com
Mentorship insights in this article are a contribution of MentorSquare.
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