Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

Role and Importance:
Mentors are there to provide support, identify strengths and weaknesses and help mentee to deal with them effectively.
For giving a strong foothold to the venture and ensuring its growth, the role of the mentor is very wide, crucial and significant. This long-term guidance support, enabling someone who is less experienced to develop and grow in their chosen role can be summarized as follows:

1. Help in diagnosing in order, to define and understand the current situations in the enterprise.
2. Help a mentee to assess his/ her areas of shortcomings and strengths, giving critical feedback to him in key areas.
3. Provide assistance in finding the necessary information.
4. Provide assistance in preparation of documentation for the enterprise and enterprise support programmes.
5. Provides guidance and support in preparation and implementation of development activities/ plans/ projects, in order to achieve the best possible business results.
6. Helps in identification, procurement and utilization of resources required for the proposed venture.
7. Provides assistance in finding business partners.
8. Provides consultation, and help in coordinating activities aimed at accessing funds, new technologies etc.
9. Introduce the mentee to relevant consultants, trainers, suppliers, lawyers, accountants etc. for that will help him boost confidence.
10. As the mentor has the experience of witnessing 'highs' and 'lows' during his venture starting, he/ she can be a great source of introducing mentee to threats, can risks of market.
11. Helps mentee in learning, specific skills, knowledge, unspoken rules critical for success of Business.