Thursday, September 15, 2005

Being A Mentor For A Startup

You have to decide on your purpose in mentoring – do you want to be a partner in the startup or just desire to volunteer to give an extra help for budding future entrepreneurs.

You must have access to the startup’s business plan. If this is not possible, an executive summary will do.

You should have the trust and confidence of the members of the startup.

If the startup has a patented proprietary software, you should fully understand it.

Understand your role and what is expected of you.

You should have valuable and relevant contacts for the startup.

You may be expected to set aside some time to attend various meetings with financiers together with the startup.

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