Finding The Right Mentor

Good morning! Nathan Sykes here, checking in from my office in Bangor.

Today’s podcast episode is all about finding the right mentor. Like a lot of you, I was at Grant Cardone‘s mentorship call on Saturday, and him and Jarrod Glandt shared a lot of valuable information that I wanted to relay to those who missed it.

This won’t be a logistics post – I won’t teach you how to physically go and find a mentor, but I will teach you exactly what you should be looking for in people who are open and willing to mentor you.

Multiple Disciplines

One of the points Grant and Jarrod hammered home was you should get a mentor that excels in multiple disciplines. In true Grant fashion, his example was himself – he owns four companies: A sales training company, a real estate investment company, an events & speaking company, and a marketing firm.

The reasoning behind this is because if you find a mentor that only excels in one specific discipline, like Facebook advertising, and that opportunity vanishes, then you’re super screwed. Imagine what would happen if Facebook changed their algorithms? Your mentor is now useless because even he doesn’t know how to sell his service, how the hell would he be able to teach you?

I would find someone that excels at 3 or more things, and is making money from all of those at the same time. Grant is a good example, but so are plenty of other people: Bill Gates, Jordan Belfort, Warren Buffet, Michael Dell, Larry Ellison, etc.

Economic Contraction

Unfortunately, if I was grateful enough to earn a spot on your list of potential mentors, this opportunity has now gone.

It’s important to have a mentor that’s been through an economic contraction like 2008, or better yet, an entire financial cycle.

If you find a mentor that started a successful drop-shipping business two years ago, but when the next recession hits, he’s woefully unprepared and loses all of his money, that’s not good for either of you.

Find someone who has been through 2008, and is better prepared to handle the upcoming economic recession – because it’s on its way!

Continued Growth

Your mentor should also be someone that thrives for continued growth.

Stay away from people who sold companies and are sitting around with nothing to do, just mentoring and advising startups. Their active mindset is now gone – they’re not worried about the day-to-day operation of their business. 

That kind of mindset is what fuels a good mentor, because they can use the examples and lessons they’ve learned in day-to-day life and apply them to the mentee’s situation.

People that don’t want to stop growing, no matter what, make the best mentors because they have high hopes for the future, and as they expand, they may consider hiring you and your business to solve whatever problem you solve. As they get bigger and bigger, the contracts and the advice get bigger and more valuable.

Don’t settle for a settler – find someone who will continue growing past the million dollar mark into the billion dollar mark.

Have a great day today! See you tomorrow.

– Nate Sykes

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