Experienced mentors can help innovators and entrepreneurs effectively and efficiently move their venture concept through the research, ideation, test, and planning stages to resourcing, launch, stability, sustainability, and growth. The role of a new business venture development team mentor is wide-ranging:
- Mentor: experienced and trusted adviser (typically an unpaid, voluntary, part-time role)
- Adviser: an expert willing to share their knowledge and opinions
- Business Plan Editor: a mentor is best used in an editor role, rather than a writer
- Voice of the Customer: keeps a light on the customer pain-pleasure spectrum
- Voice of the Competition: ignoring the competition is never a good strategy, and there is always competition (alternatives, substitutes, replacements)
- Voice of the Stakeholders: everyone involved with the venture must win
- Voice of the Team Members: a balanced team is a productive team
- Domain Expert: teaching from education and experience
- Soothsayer: foresees the future based on experiences from the past
- Angel Advocate: supports the team and venture, internally and externally
- Consultant: professional expert advice (usually compensated to perform specific tasks)
- Moderator: arbitrator, mediator
- Coach: helps the team iterate and pivot as needed
- Board Member, Director (not an ordinary role): helps govern the affairs of an organization
- Teacher: instructor, guide
- Innovation Stimulator: innovation is a continuing journey, not a destination
- Collaborator: partner with the venture team
- Friend: personal confidante and sounding board
- Tool Technician: helping the team use the right tool at the right time for the right purpose
- DXpedition Tour Guide: Discover, Define, Design, Develop, Deploy