Acts as a sounding board or coach, rather than someone who knows the answers to all the questions. Participates in a formal training session offered by Youth Business in which mentor and young entrepreneur set expectations for establishing and maintaining a successful relationship. Maintains regular contact with the young entrepreneur to deal with issues which cannot be handled through telephone or electronic communication. Youth Business will provide guidelines for this review. Every young person granted a loan from the Canadian Youth Business Foundation is given, free of charge, M.Y.O.B accounting software to assist them with managing the finances of their venture and monitoring their performance.
Mentors have no financial obligation to the entrepreneur's business.
Qualities and Characteristics Experienced entrepreneur, professional, or business manager, who is well- regarded in the community. Willingness to share appropriate knowledge and experience with a young person. Accessible to young entrepreneur, especially in the event of a business crisis or emergency. For more information about mentoring, click here.