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    The Truth about Online Mentoring Programs

    February 6, 2020

February 6, 2020

The Truth about Online Mentoring Programs

As a start-up founder, you might have experienced problems like:

  • I have introduced a solid product in the market, but I am unable to get people to adopt it.”
  • “Our marketing team doesn’t have a clue as to what strategy to implement next.”
  • “I am able to get suitable ROI, but it isn’t enough to drive the business forward.”
  • “I am burnt out and I need a way to regain my energy.”

If any of these statements resonate with you, you aren’t alone. It’s time to consider the ultimate truth: you are not an all-rounder! You can’t be a product expert, growth hacker, effective fundraiser and a kickass salesperson all at once. If you are, then you probably belong to a very rare group of start-up owners.

The life of an entrepreneur is difficult. You are constantly juggling issues to keep the company afloat. The future of your company rests on your shoulders. Things can get lonely up there, which is why the role of a mentor is a crucial one. 

Deliverable Solutions at Your Fingertips

Who are Start-up Mentors? 

Consider them a bunch of cool heads who have been there and done that. They won’t necessarily hold your hand all the way to success, but they sure can take a few things off your to-do list.

From navigating uncertain waters to bringing in a sense of direction, mentors can help preserve some sanity in entrepreneurial judgments.

Good mentors can help find the right talent and get you in touch with credible investors through their own network and resources. Some of them can help you figure out your company valuation or determine the foundational work culture. They can also be tough taskmasters, ensuring that you stay focussed on your goals. Most importantly, they can bring you back to reality when you become too full of yourself!

Mentoring is not a new concept at all. Some of the biggest names in the corporate world have amazing mentors to thank for their success. For example, Bill Gates was mentored by the great Warren Buffett. Steve Jobs by Andy Grove and so many more. Check out a few we found below:

The Concept of Online Mentoring

Type in the phrase “online mentoring platforms” on Google, and you will come across loads of options. These platforms provide you a list of hand-picked and vetted mentors in your industry. With a small investment, you will be able to find potential mentors in the area of expertise you need, chat with them online or even meet them face-to-face to build a long-term relationship.

To tell you the truth, some of them are very good. The only problem is that such reliable platforms are rare. Scammers are aplenty out there. 

In August 2019, the US Department of Justice arrested Tanmaya Kabra, the 25-year-old founder and CEO of LaunchByte, who pitched himself as a start-up investor and mentor, whereas he was involved in unprofessional business activities. He used investor money to pay off existing debts to prior investors in his scheme and to fund his lavish lifestyle.

Finding the Right Online Mentors

Not everyone out there is a great mentor, and even if they are, they might not have time for what they might consider a “small project.” Don’t get swayed by years of experience, brand names and titles. Here are a few tips:

  1. Find someone you want to be like
  2. Research the person’s background
  3. Take the mentor’s time seriously and be professional
  4. Take notes and ask questions
  5. Ensure you connect well with your mentor
  6. Ask questions and listen to the answers
  7. Be prepared to work hard

This is where we come in. At PitchProper, you get a free 1-month trial to see if a package works for you. Plus, you get to choose a package that suits your budget and goals. Who, knows, we might just match you up with your own Mr. Miyagi (Karate Kid flashbacks).

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