Jerry Novack | Mentor & Educator

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Echoing the Importance of the Mentor/Mentee Relationship

The mentor/mentee (protégé) relationship, whether corporate or otherwise is a special and powerful bond, which centers on a person of greater experience and knowledge sharing valuable advice and insight with someone with less experience, in order to groom them to succeed in that area of expertise. The precise definition of mentorship is elusive, but what is  inarguable is the relationship structure, which boosts role modeling, communication, career guidance, and/or psychological support.

There are multiple ways to encourage the success of this invaluable relationship, and one way to do this is by respecting the dynamics and boundaries of this relationship, so that realistic goals are set, and the relationship is productive and effective for both parties involved. Understanding the value of others’ time is a large part of that, as well as readiness and being responsible.

Keep the channels of communication open

It’s necessary that those functioning on both sides of mentorship are honest and upfront with what’s expected and what can be accomplished. The mentee should verbalize goals and expected takeaways, while the mentor should help to manage expectations. Also, those in this relationship must make sure they’re demonstrating that they’re active listeners, which is not just critical, it’s rewarding.

Be supportive and dedicate yourself to support

The ability to take pride in the work of a partner is so important. Harvesting a relationship with someone who wants to see you grow, and cares passionately about your career trajectory, is an asset. Having someone aside from yourself dedicated to your growth is invaluable, there’s nothing  quite like having someone tucking you neatly beneath your wing and vice versa. A great mentor will teach “success” habits, such as being organized, which further cements the likelihood of success. A great mentee will accept support and education while remembering that investment into his/her life doesn’t mean that they’re more valuable than anyone else. They, too, must look to support the success others beyond their mentor, including their fellow employees or peers.

Be curious and seek answers

It’s the work of the mentor and mentee to be curious. They should always seek out questions and answers to those questions, the everyone will benefit. Only positive things happen when a person educates him/herself.

Step outside of your comfort zones

Rather than leaning too intently on this two person relationship, look to others who can share new thoughts and ideas. Stepping outside of the box promises personal and professional growth, equipping mentees and mentors with knowledge they otherwise may not have been privy to. This can also open their eyes to the things happening within the industry and other departments as to gain a “big picture view of the world.”

Remember, mentors are present for mentees, but they’re only a guide, mentees should be thirsty to engage in communication with others who can educate them and they should work with their mentor develop a plan of action. Both mentors and mentees should review goals, measure achievement, be responsive, be tactful, be honest, be innovative and creative, demonstrate realizability, and stay positive in the face of feedback.

Life Lessons to Unlearn

The internet loves lists. Lists filled with top tips to a better body!, and 5 unusual qualities that make you a better leader!; it’s a constant stream of information to take in, understand, and practice in your day-to-day life. Whether you’re reading these lists for a laugh, for guidance, or to truly learn something new, it’s almost hard to imagine life without them. 

This list, on the other hand, is a little different. Because there are some things hammered into your head that are actually inhibiting joy and preventing us from living our best lives possible. So here’s a list of 10 life lessons you should toss to the wind:

No problems? No problem! Problems seemingly, are the worst. They’re roadblocks, a wrench thrown into the wheel of a well-oiled machine. But in reality, the problems presented to you in the real world (not the tedious ones doled out to you by boring teachers in high school algebra) give you the chance to find the solution, which is what really gives life gusto. They often mark change and, when dealt with in the best way, can often become rewarding. Is your job just not doing it for you? Maybe it’s time to ask for a promotion! People without real problems are bored, go crazy, and do things like plan a wedding that isn’t theirs just for fun.

Happiness is everything! It seems ridiculous, but happiness isn’t everything, simple because we can’t always be happy. We just can’t. Life is constantly happening, and we need to deal with it as it comes. Forcing yourself to be happy in a miserable situation creates insurmountable stress. Instead, let your feelings be as they are. If you’re sad, allow yourself to acknowledge it, ride it out, and overcome it.

Own your baggage. The past can be painful and leave seemingly permanent scars. Instead of owning that baggage, letting it define you and create worries and stress, start thinking of it differently. Here’s an example: you were a really lazy student all throughout your education, and now in the workforce, you’re plagued with feelings of falling back into old habits. The worry engulfs you, and probably affects your performance negatively. Instead of focusing on the negative, combat it by coming up with reasons why you might be wrong, and your brain will begin to let go of the worry, which some have found to a euphoric feeling.

Hard work equals success. As a child, as you were learning about the world around you, how to speak, to use your body and fingers and all the like, were you working hard, or learning through play? Play, not work, is key to success. Childhood playing skills are key to learning and understanding complex ideas, because they are doing it with all-out absorption.


 

Stay tuned for Part 2 of this post, coming soon!

 

Lost? Find Yourself a Real Estate Mentor

Real estate is a relatively cutthroat business. If you don’t move fast enough, you’ll surely get left behind. The best real estate investors know how to manage their time effectively, have an arsenal of invaluable tools ready to use, are knowledgable on every aspect of their portfolios, have an understanding of the market and its fluctuations and exude an envious level of confidence.

Without those qualities, investors would never find success. But all these facets of a great, successful investor can’t always be taught in a classroom. They can’t always be learned from a book or blogpost.

Real estate mentor and investor

Photo courtesy of Getty Images.

And that’s precisely where Real Estate Mentor’s come in.

For those just starting to get their feet wet in the industry, utilizing a mentor would be an invaluable key to success and will also make your life so much easier. Before searching for the perfect mentor, it’s important for the investor to have clear goals.

  • What is your idea of success?
  • Is real estate investing your long-term investment platform?
  • What are your investments going towards? Flipping? Commercial spaces? Residential rentals? 

When you’ve got a clear vision of what you really want, take some time to explore your options. Sample different mentors philosophies before making a commitment. Because the commitment to implementing goals with your mentor and following through on them is key to success.

With their extensive experience, mentor’s will be able to help get businesses up and running faster and seamlessly. Obstacles that can usually overwhelm and impact a business in its early stages beginning of a business will be combated with sound advice and direction.

And once you’ve started seeing a profit, mentors can advise on how that profit should be properly managed for maximization. Mentors can grow with you and your portfolio and serve as an invaluable tool for your success. And in the fierce, fast-moving business of real estate, a tool like that will definitely give you a big edge.

How do you find a mentor?

  • Research online but with caution. If someones asking a lot of money* from you, make sure they’re the real deal and not a scam hoping to swindle you.
  • Read articles, books, biographies, etc. by experts in the industry, figure out whose practices you best relate to, and connect with their network of followers.
  • Utilize your own professional networks and organizations. Sometimes, word-of-mouth can prove to be the most useful.

*While some mentors require payment for their services, this will not always be the case depending on circumstance.

 

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