Mentorship is essential for entrepreneurs and a successful mentorship goal setting is the primary step before you work on anything else. Why? Because without GOALS you will just move around in circles just like a driver who doesn't have a set route for arriving at a destination.
So mentors, today we will understand the 6 steps to systematic goal setting.
1. Work Together to Define Your Mentoring Objectives
Obstacles are bound to come when someone has started a business, so ask your mentee “what is that one constant challenge that is stopping them from achieving their business goals?” You see once you get the answer to this question you can easily help your mentee to align with the core business problem.
For getting further clarity, ask your mentee questions that will help them arrive at a specific problem like, “I am not attracting the right target audience.”
Once you have narrowed down the problem, pick up where you left off, dig deeper to ask them about specific areas -
- The exact benefits of the product/services
- Is the product right or does it needs to revamp
- Are the consumers facing that problem, which you claim to solve
A successful mentorship goal setting is helping your mentee to arrive at the core problem and eventually the solution.
2. Determine How Realistic Your Objectives Are
Goals aren’t always aligned with the business growth, which can be frustrating. So you can assess your mentee and help them determine if the goals are achievable or not, how?
Begin with these questions -
- What is the purpose of this goal?
- Do you have the timeline planned and resources to achieve this?
- Are you willing to prioritize this goal over other things?
After listening to your mentee’s answers, if you think that the goal needs to be a bit more realistic, then be honest with them and redirect their focus on smaller goals that can be achieved in the set time frame.
3. Set Goals For Success and Stick to them
Goal setting through mentorship is beneficial not only from the business point of view but also provides a broader perspective of what challenges lie ahead.
So after your mentee has worked on their goals, you need to work with them to help them define their success.
How would you exactly reach here? You can initiate by helping them identify specific indicators of success - e.g., the profit margin monthly, and new customers in a month.
After that, take a look at how those measures have been in the past and help the mentee create a numerical target for each indicator that will tell them exactly how they're doing at a glance.
For e.g -
- Increase weekly sales by 45%
- Gain 20 new customers in 5 days
Establishing a benchmark will help your mentees to stay determined and sustain any crisis in this situation.
4. Make a Reasonable Schedule
After the benchmark has been set, move along to set a deadline for achieving the goal. Even if your mentee has a deadline in mind, it is still important to check on that and redirect them to the right timeframe.
Now, make sure that you take care of your mentee’s situation in mind while asking these questions -
- When you will be prepared to start this project?
- How much time can you dedicate to your goal each day, or week?
- Is there any crisis or obstacle that might prevent you from achieving your goal?
After the mentee has answered your questions, set a numerical target for a time long enough that can be achieved but short enough so that your mentee stays motivated.
5. Create Tactics and A Road Map to Success
Now you have a deadline and a target as well. It’s time for the real work.
Start with working on your overall strategy. For e.g, if your mentee's goal is to attract new customers then -
- Introduce a fun activity on your social media handles and encourage them to participate, the winner will get a reward.
- Provide free sessions and add value to attract new customers.
Discuss and set daily/weekly/monthly mini-goals so that your mentee stays on track.
6. Encourage Your Mentee to Keep Track of Their Development Regularly
The last and most important aspect of successful mentorship goal setting is to ensure that your mentee is systematically tracking the progress according to the benchmark you both developed together. After all these steps you must have realized how setting goals makes a huge difference in your mentee’s life.
By following these steps you can for sure have a productive and rewarding experience for both.
Finally, it's all about finding a system that works best for your particular mentoring relationship, so feel free to use the above suggestions as a jumping-off point for creating a goal-setting system that works best for you.
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