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In a recent post we talked about why having a mentor isn’t necessary for your professional growth. We also mentioned that one of the ways to continue making progress in your career is to actually be a mentor to someone else. Why, you might ask? Great question. Here are three reasons why all leaders should be mentors to others.

You Have the Knowledge and Experience

This is true no matter your career level. Whether you’re just starting out or have been leading teams and departments for years, you know many things that others don’t yet. As a business owner, however, you have an additional responsibility to mentor your team. Ultimately, the only way to make a team better is to make the people on it better. When you mentor your team, you’re investing in their individual careers as well as their collective power to move your business forward. This is also a great way to improve your own leadership skills.

You Can Set the Example

If you want your middle management to take more ownership of developing their teams, you have to model that behavior. Make training and mentorship a priority for your leaders, and they will in turn make it a priority for their teams. It’s worth mentioning here that mentorship is important for all members of your team, not just your high-performers or the ones you get along with well on a personal level. This isn’t easy – it takes courage and hard work – but it will set the example for the rest of the organization as your managers start to apply the lessons they’ve learned from you with their own teams. Think of yourself as a role model for mentorship.

You Will Grow as a Leader

Mentoring forces you to think about your own leadership philosophy through self-examination. You might think you have it all figured out, but when it comes time to impart that knowledge to others you may notice holes in your logic. You may also uncover weaknesses in how you relate to certain personality types or how you communicate with them. On the positive side, you’ll likely discover you know and can teach more than you thought you could. Many leaders who got where they are through trial and error and lots of mistakes think they don’t have much to teach. That’s wrong! Just tell your story. Your experiences will help your team keep from making the same mistakes. Plus, mentorship puts you in the spotlight – you’ll be motivated to do the right thing more consistently because you know other people are looking up to you and counting on you to model correct behavior. Mentorship is a skill that takes practice. Commit to yourself and to your team by working on it.

Who Are Your Mentors?

Even if you don’t have any mentors in the literal sense, chances are there are people around you who lift you up and provide you with counsel when you’re facing tough questions. These could be friends, family members, colleagues, or even your partners. At 360 Payments, we pride ourselves on being a true partner to business owners. We take a consultative approach to credit card processing because we want you to learn and feel empowered to take control of this important aspect of your business. If this sounds too good to be true, let us prove to you that it isn’t. Give us a call at 1-855-360-0360 or drop us a line on our website. We’re ready to help you have a different kind of credit card processing experience.

PS – Looking to be more productive in 2020? These tips can help.    

PPS – These business growth strategies are ready to be put into practice today.