Select Page

Smart entrepreneurs aren’t just aware of market trends and their own skill sets. They also know that no matter how knowledgeable they are, they still have an awful lot to learn. That’s why the smart people entering a new line of business are always looking for a mentor. Of course, it’s not always easy to find a mentor, especially in a competitive industry like real estate. The good news is that the best mentors understand that the relationship is a two-way street. They know benefit from the fresh eyes and enthusiasm of their mentees, too.

Before even looking for a mentor, smart professionals will ensure that their own objectives are clearly defined. Approaching even the best mentors with vague questions or with no sense of purpose is not a recipe for success. Consider what questions are easy to answer. It’s the direct ones, not the fuzzy ones. Asking a mentor to provide a road map to success without even having a destination in mind is simply not going to be productive. The real estate world is a complex place. Before becoming successful, people have to make a number of choices. Will they work in residential or commercial? Are they going to flip properties or develop new ones? Have an idea of the answers to some of these questions before seeking help to level up.

Finding a good mentor is also a matter of looking honestly at connections one already has. It’s unlikely that a celebrity billionaire has the time or inclination to mentor someone they don’t know. However, a connection like a friend of a friend may be willing to. A good mentor will have a personality type that enjoys helping people. They will want to share in successes. They won’t be so competitive that it’s difficult for them to form friendships or other bonds. Keep all of these characteristics in mind when seeking a mentor.

Finally, a great way to understand mentoring is to try it out. This is the best way to gain insight into the challenges of mentoring and to understand how it works best. To be a mentor, the only necessity is to be one step farther down the road of success than a mentee. Everyone has something to give.