MENTORS
  • News
  • Business
  • Self Growth
  • Mentors Collective Podcast
    • Apply As Guest
    • Listen on Spotify
    • Listen on Apple
No Result
View All Result
  • Login
  • Register
MENTORS
  • News
  • Business
  • Self Growth
  • Mentors Collective Podcast
    • Apply As Guest
    • Listen on Spotify
    • Listen on Apple
No Result
View All Result
MENTORS
No Result
View All Result

Mentoring 101: The Benefits of Creating Your Own Giving Circle— and How to Do It

Mentors Collective Staff by Mentors Collective Staff
March 2, 2023
in Business
Mentoring
Share on FacebookShare on TwitterShare on LinkedIn

It’s crucial to give back to people in your community without expecting or getting anything in return every day. And you have to constantly and consistently give back right from the start. 

Many, if not most, businesses and leaders do it the other way around. Giving and helping usually comes after success after the bills have been paid. Or it happens because there’s a marketing incentive to support others, personally or professionally. 

Helping doesn’t only mean giving time or money to charity. I love helping team members, entrepreneurs, friends, and family with a hand up for no other reason than that it feels good. It could be just being a friend to someone, helping them understand where they fit in their community or company or helping them find their unique space in the world. 

Instead of thinking about creating success and giving back, think about giving back to create success. 

For me, giving back is about mentorship, perhaps precisely because that’s the way I was supported. 

So what exactly is mentorship? 

It’s not one thing. Mentorship can be a lot of things.


Most of us think about a mentor as someone who takes us under their wing because they know things we don’t. That can still be the case. A classic mentoring relationship looks a little like that, where a more experienced person gives advice and imparts wisdom to a less experienced person, either formally or informally. 

In any form of mentoring, whether you’re the one with experience to share or the one looking for advice, it’s not a straight shot to getting where you want to go. 

See, a mentor can’t actually solve a mentee’s problems. 

What a mentor can do is help a mentee grow into the person they want to be. 

Think about the support you got early in life. Think about how you looked to your mother or your favorite uncle for advice. Your best teacher at school. If they were good at what they did in helping you become the person you are today, they didn’t make your problems go away. They asked you the right questions. They pitched in when things got really hard, and helped you figure out your next step. They worked hard to make your day a little closer to best-day-ever status so that you felt good about your choices. 

This is the goal of mentorship: helping people decide what journey they want to take. 

I think about it as a giving circle. 

Mentorship goes both ways. It gives back. Mentorship creates a relationship in which you learn from and teach each other. 

More than that, mentorship creates the impetus for change in the world, making people, businesses, and communities open to new ideas through the free flow of information. Embracing relationships with other people and the mutual learning that comes with that is the foundation for everything else you need to do to make your business work. 

It’s kind of the opposite of what we think of when we find a business. We’re used to hearing about competition, secret-keeping, patents, and lawsuits. We’re taught that strategy means we have to have a sustainable competitive advantage based on doing something we protect at all costs from other folks in the business world. 

But I’m here to tell you this: Creating a giving circle around your business, ideas, and team makes them stronger, not weaker. Giving to others, and giving back to your community, provides you with resources, support, and strength, both internally and with your future market. 

Where do you want your giving circle to start? There are three things you’ll want to do to get going. 

  1. Choose how you’re going to mentor others. What can you do right now that will change how you interact with the people around you? What can you give? Is there something you love doing that you can share with others, even if you’re not an expert? Remember that mentorship is a two-way street, and you must be prepared to give as much as you receive. 
  2. Choose your own mentor. How do you find a good mentor? Here are some suggestions based on my experience: Meet them on the field, as they are likely playing the same game. Attend trade shows and events, sign up for industry associations, angel networks, incubators, and accelerators. LinkedIn is also an awesome tool, but nothing beats meeting in person. Do you have a peer with whom you can partner to seek resources to help you both thrive? Is there an equivalent to a joy-filled sandwich you can offer to those around you?
  3. Volunteer. Make a difference outside of your success and business goals. Where can you use your skills? Where are they needed? What kind of organization or individual might benefit from your time? Or, even better, how can you determine who needs the most help? Start there. 

Giving circles are important not only because it will get us somewhere in life. They also offer a high level of meaning in our work and in our daily lives. Knowing that we can give our time and effort to help others allows us to build the kind of personal autonomy we need to make choices in a more fulfilling way. When we give to others, and they reward us with their trust, we begin to trust ourselves more: to connect, experiment, and trust in return. When we can build a sense of connection with others, it’s a universal gift to ourselves. We’re also learning, in turn, how to gain the support that each of us needs to succeed. 

A giving circle offers us the integration of work, support, and value creation. 

Excerpted from Grow: 12 Unconventional Lessons for Becoming an Unstoppable Entrepreneur by Mike Fata (Page Two Books). 

E-Commerce 3.0 to jumpstart your small business(Opens in a new browser tab)

About the Author

Mike Fata is the Chief Executive Officer of Fata & Associates and the author of Grow: 12 Unconventional Lessons for Becoming an Unstoppable Entrepreneur. He is the co-Founder of Manitoba Harvest Hemp Foods, the recipient of numerous awards, and hosts the Founder to Mentor podcast. As a 9-figure entrepreneur, certified holistic health coach, and growth coach, he motivates and inspires people to discover their authentic business passions and live their best daily.

By Mike Fata

Mentors Collective Staff

Mentors Collective Staff

Related Posts

edit post
Recession
Business

The Recession is Not Coming. It’s Here.

And anyone who hasn’t seen the writing on the wall hasn’t been paying attention. A global recession is not...

by Mentors Collective Staff
March 24, 2023
252
edit post
Tax Procrastinators
Business

Annual Report Reveals 2023’s Biggest Tax Procrastinators in America

IPX1031 has released its annual report showing which states and major cities are home to the largest number of...

by Mentors Collective Staff
March 23, 2023
260
edit post
DuJour Select
Marketing

DuJour Select: Luxury marketing for exceptional brands guided by Jason Binn

Jason Binn is a visionary entrepreneur who has revolutionized the industry with his innovative venture, DuJour Select.

by David Daxsen
March 21, 2023
251
edit post
Financial
Business

How To Effectively Grow Your Financial Services Firm

The biggest problem faced by financial firms is that many of their clients automatically assume that all services are...

by Dawn Wells
March 23, 2023
250
Next Post
edit post
The Expert’s Guide: How to do average in stocks?

The Expert's Guide: How to do average in stocks?

Popular posts

  • Music Listeners Respect Carter Davis ‘NORD’ and His Writing Skills
  • From Broadway to the West End Ticket Sales Are Changing
  • Create Your Glow: Women empowerment and transformation journey
  • 21-year-old Oliver Brocato turned Tabs Sex Chocolate into a $5M brand
  • Bianca Negron – How to Unlock the Power of Your Brand

Popular Tags

American Benefits brand Business business tips career coach covid-19 digital marketing economy employee Entrepreneur entrepreneurship featured finance Health inflation influencer investment Investor job leadership marketing Medical School mentor mentorship money News pandemic personal development plan recession Residency retirement small business social media sponsored startup strategy success tax technology tips work workplace
ADVERTISEMENT
  • About
  • Free Mentorship
  • Show Your Support
  • Become a Contributor
  • Apply As Guest
  • Listen on Apple
  • Listen on Spotify
Mentors Collective Success Magazine

Owned by Otter Love LLC

No Result
View All Result
  • News
  • Business
  • Self Growth
  • Mentors Collective Podcast
    • Apply As Guest
    • Listen on Spotify
    • Listen on Apple

Owned by Otter Love LLC

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version