What is a business incubator?
An organization which provides a conducive environment for successful development of start-up ventures by providing the entrepreneurs with proper guidance and specialized services
An organization which provides a conducive environment for successful development of start-up ventures by providing the entrepreneurs with proper guidance and specialized services
What is Business Incubation?
Business incubation is a dynamic process of business enterprise development. Incubators nurture young firms, helping them to survive and grow during the startup period when they are most vulnerable. The goal of business incubators is to produce healthy firms that create jobs and wealth, strengthen the economy, commercialize new technologies and revitalize communities.
Business incubation is a dynamic process of business enterprise development. Incubators nurture young firms, helping them to survive and grow during the startup period when they are most vulnerable. The goal of business incubators is to produce healthy firms that create jobs and wealth, strengthen the economy, commercialize new technologies and revitalize communities.
Business incubators provide:
- hands-on management assistance
- access to financing
- business and technical support services
- shared office space, access to equipment.
What is Mentoring?
"Mentoring is to support and encourage people to manage their own learning in order that they may maximise their potential, develop their skills, improve their performance and become the person they want to be." Eric Parsloe, The Oxford School of Coaching & Mentoring
"Mentoring is to support and encourage people to manage their own learning in order that they may maximise their potential, develop their skills, improve their performance and become the person they want to be." Eric Parsloe, The Oxford School of Coaching & Mentoring
Mentoring is a powerful personal development and empowerment tool. It is an effective way of helping people to progress in their careers and is becoming increasing popular as its potential is realised. It is a partnership between two people (mentor and mentee) normally working in a similar field or sharing similar experiences. It is a helpful relationship based upon mutual trust and respect.
What is Mentor?
A mentor is a guide who can help the mentee to find the right direction and who can help them to develop solutions to career issues. Mentors rely upon having had similar experiences to gain an empathy with the mentee and an understanding of their issues. Mentoring provides the mentee with an opportunity to think about career options and progress.
A mentor is a guide who can help the mentee to find the right direction and who can help them to develop solutions to career issues. Mentors rely upon having had similar experiences to gain an empathy with the mentee and an understanding of their issues. Mentoring provides the mentee with an opportunity to think about career options and progress.
A mentor should help the mentee to believe in his/herself and boost his/her confidence. A mentor should ask questions and challenge, while providing guidance and encouragement. Mentoring allows the mentee to explore new ideas in confidence. It is a chance to look more closely at yourself, your issues, opportunities and what you want in life. Mentoring is about becoming more self aware, taking responsibility for your life and directing your life in the direction you decide, rather than leaving it to chance.
MORE SIMPLIFICATION:
In many professions, it is not uncommon for a newcomer to the field to be placed under the care of an established and seasoned professional. This professional is often charged with the task of helping to train, advise, and share practical experience with the new person in the organization. This process is commonly known as mentoring, and the professional who is responsible for the care and nurture of the newcomer is referred to as a mentor. Here are some examples of how a mentor goes about providing support.
One of the most important roles of a mentor is serving as a teacher to the novice. Mentors share their body of experience, relating what they have learned in ways that will connect with the newcomer. The range of experience often includes such valuable information as industry basics, some solid facts about how the corporation works, applications of the goods and services produced by the company, and tips on how to perform individual job responsibilities. Along with this official type of mentorship, the mentor may also serve as an unofficial advisor on such matters as which employees in the company should be watched with a close eye, and who tends to be trustworthy.
Mentors do not take the new employee through a basic orientation and then leave them on their own. The work of the mentor will continue well after the employee is past the usual ninety-day probation period for employment. That is because the mentor also functions as a counselor for the new employee. When there is frustration with an incident in the workplace, or a matter comes up that requires a different approach, the employee may wish to sit down with the mentor and talk through the situation. As counselors to new employees, mentors help the novice to draw not only draw on past experience for answers, but also help the novice to discover a new way to apply older principles.
Finally, mentors function as advisors. While counseling involves helping the novice discover answers, advising places the mentor in a position to provide a feasible course of action that is relevant to the situation. For example, if the novice is completely stumped as to handle a collections issue with a client that is about to go bankrupt, the mentor can probably provide the new employee with a step by step process of what needs to be done. Offering advice when unusual situations occur is a common part of the work of the mentor.
Being a mentor is not for the faint of heart. The responsibility requires knowledge, solid communication skills, and a great deal of patience. At the same time, being a mentor can be extremely rewarding, as there is a great deal of satisfaction in watching your former charges grow in prestige and competence over the years.
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