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7 Business Mentorship Best Practices

Matt Logan · June 11, 2025 · Leave a Comment

Mentorship isn’t just about offering advice. It’s about creating space for someone else to grow, learn, and lead.

As a business owner, your experience is valuable. But turning that experience into impact takes intention and structure. The best mentors do more than share stories—they provide guidance, accountability, and real-world insight.

If you’re ready to mentor the next generation of leaders, here are the best practices to follow.

1. Define the Purpose of the Mentorship

Start with a clear goal. What does your mentee want to achieve, and what are you hoping to provide?

Are they looking to grow their business, become a better leader, or navigate an industry shift? Is this a short-term arrangement or a long-term relationship?

Set expectations on both sides. Define how often you’ll meet, what you’ll focus on, and how progress will be measured. This structure builds trust and avoids wasted time

2. Be Consistent With Time and Commitment

Great mentorship doesn’t happen randomly. It happens regularly.

  • Set up recurring meetings and stick to them.
  • Avoid rescheduling unless absolutely necessary.
  • Show up prepared and on time, and expect the same in return.

Consistency builds momentum. It also shows your mentee that you take their growth seriously.

3. Build Trust Through Transparency

Mentorship only works when there’s honesty.

Share your own mistakes as well as your successes. Let your mentee ask questions, even hard ones. You don’t need to have all the answers, but you do need to be real.

Trust grows when both parties feel safe to speak openly.

4. Focus on Development, Not Dependency

Your goal isn’t to create someone who copies you—it’s to help someone become their own best leader.

  • Ask guiding questions instead of giving direct answers
  • Let your mentee solve problems rather than solving them for them
  • Celebrate independence, not reliance

The best mentors guide without controlling.

5. Give Actionable, Honest Feedback

Encouragement matters. So does clarity.

Be specific when you give feedback. Tie it to real situations, business goals, or leadership behaviors. Follow up on past conversations to track growth.

Don’t sugarcoat. Be honest in a way that helps, not hurts.

6. Share Strategic Resources

Mentorship isn’t limited to conversation.

Recommend tools, books, people, or podcasts that shaped your journey. Send over frameworks or case studies that helped you make decisions. You don’t have to overwhelm them—just offer value where it fits.

Looking for a deeper dive on what mentorship looks like in practice? Read Matt Logan’s guide to mentor-mentee relationships.

7. Encourage Two-Way Growth

The best mentorship relationships are mutual.

You may be the mentor, but you can still learn from your mentee—whether it’s through new technology, different perspectives, or fresh energy. Stay open.

To see how mentorship can help both parties evolve, watch Matt Logan’s video on mentorship.

Final Thoughts: Lead With Intention

Mentoring others isn’t just a way to give back—it’s a way to refine your own leadership and shape the future of business.

Lead with intention. Be present, be honest, and be committed.

Want support creating your own mentorship approach?

Explore Matt Logan’s mentorship and coaching services to learn how you can lead with purpose and empower others to do the same.

Business Mentor Business Coach, Business Coaching, Business Mentor, Business Mentor Questions, Matt Logan, Rise North Capital

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