Mentoring - FAQ
How long will the mentoring relationship last?
For a Mentoring relationship to have a positive impact a commitment of at least 6 months is required. Once established, many relationships last for years.
Why? Because of the great return on your investment.
What if the relationship does not work out?
Great care is taken to ensure a good fit prior to establishing a mentoring relationship. However, if the relationship does not work out for either you, or GPS, there is a penalty free program cancellation, based on 30 day’s notice.
How much time can a Mentor give me?
The minimum requirement is for one meeting per month. Early in the relationship there may be more frequent meetings and discussions or as circumstance develop you may need to meet more frequently during a particular issue. The amount of time will be discussed and agreed as required.
Can I be assured that the exchange of information will remain confidential?
The exchange of information is protected by confidentiality agreements between GPS and you, o protect all parties involved and all information discussed.
What issues am I likely to cover in a Mentoring program?
During the initial alignment process goals will be set and strategies identified to achieve your goals.
Mentoring sessions follow an ordered structure, yet are flexible; taking you closer and closer to those goals, but addressing opportunities or concerns that impact significantly (after all, businesses operate in a dynamic, ever-changing environment).
You may cover strategy, customer and competitive issues, organisational and people issues, operational challenges and financial areas. You may work on a growth plan or a business plan or any specific areas of concern or opportunity. You may simply brain storm an issue.
At your sessions you should cover any current issues that you have and any issues arising from previous mentoring sessions.
Mentoring brings a wide variety of experience and techniques to assist in the process - to help you solve problems or accept challenges and opportunities.
What level of investment will I need to make for a mentoring service?
It is in two key parts:
- Your financial investment will vary, depending on the level of skills and experience required to support you to achieve your goals, and time required, which typically ranges from $1,500 to $15,000 per month. (on a per diem rate of $3,000)
- Your time investment – investing in learning new ways to do things means allocating time to work strategically on your business, in addition to working in it on the day-today things. This time will be on top of the time you spend in each mentoring session.
