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Formal Business Mentoring Programs

Mentoring Program

Description

Athena Foundation-Athena PowerLink

Athena PowerLink is a program that unites a woman-owned business with a group of local mentors who serve as a panel of advisors. Advisors work with the protégée on her business for one year at no charge. The protégée and her panel meet quarterly and run their meetings with the formality of a Board of Directors meeting. To qualify for participation, the protégée needs to have been in business for at least two years, as well as meet certain revenue thresholds. Each PowerLink program is governed locally by an interested community organization. These organizations make use of a panel coordinator with each match to ensure an effective and professional mentoring process.

Contact Information:

http://www.athenafoundation.org/

800-548-8247

Center for Women and Enterprise-Community Entrepreneurs Program

Community Entrepreneurs Program is an entrepreneurship training program. It is designed primarily for women who intend to start their own business to achieve economic self-sufficiency. The program offers a modular approach to training, which enables clients to start the program at any point and take different modules based on their needs and prior experience. Fees for the training are offered on a sliding scale. The majority of participants are women, although men are welcome.

Contact Information:

http://www.cweboston.org

617-536-0700

Committee of 200--Growing Entrepreneurs Mentoring Program

Growing Entrepreneurs Mentoring Program seeks to help women entrepreneurs take their businesses to the next level (represented by C200 membership). Six to seven entrepreneurs who gross between $3 million and $10 million on an annual basis are selected for the protégée class via an application process. Using a team approach to mentoring, each protégée receives two to three mentors who serve as her advisory board. Protégées meet with their mentors throughout the year individually and informally. Additionally, the protégée class meets together four times a year to network and attend a two-day Teaching Institute facilitated by an accomplished instructor and offering curriculum defined by the protégées themselves.

Contact Information:

http://www.c200.org

312-751-3477

Commonwealth Institute--The Commonwealth Forum for Women CEOs

The Commonwealth Forum for Women CEOs is a structured peer-to-peer networking program that brings 8-10 women CEOs together in a confidential environment on a monthly basis to discuss issues and develop growth strategies. Participants come from a variety of industries with no competitors in each group. Groups meet monthly for four hours and are scheduled one year in advance to incorporate the meetings into the participant's schedule. A professional facilitator with extensive business experience runs each Forum. Meetings often feature an expert resource with extensive knowledge in a particular business discipline.

Contact Information:

http://www.commonwealthinstitute.org

617-859-0080

Commonwealth Institute--The Commonwealth Forum for Emerging Technology Companies

The Commonwealth Forum for Emerging Technology Companies is a structured, peer-to-peer networking program that brings 8-10 emerging women CEOs together in a confidential environment on a monthly basis to discuss the high-growth potential technology companies they are launching. Participants are graduates of a "boot camp" at which top experts have worked through their business plan. As with the Commonwealth Forum for Women CEOs, participants come from a variety of industries with no competitors in each group. Groups meet monthly for four hours. A professional facilitator with extensive business experience runs each Forum. Meetings often feature an expert resource with extensive knowledge in a particular business discipline.

Contact Information:

http://www.commonwealthinstitute.org

617-859-0080

Dingman Center for Entrepreneurship ( University of Maryland )--Dingman Traditional Mentor Program

The Dingman Traditional Mentor Program is a local initiative that focuses on entrepreneurs with specific plans to build companies that produce significant revenues and jobs (an emerging growth company). Entrepreneurs are matched at a low cost with a mentor who averages twenty years of business experience. ( Mentor services cost $45/hour, which is paid to the Dingman Center , not to the mentor). Each match is tailored to the needs, business maturity and industry of each entrepreneur. Mentor and protégé meet for one or two face-to-face meetings per month for as long as the needs of the entrepreneur's business dictate. More than one mentor can be sought by a participating entrepreneur.

Contact Information:

http://www.smith.umd.edu/dingman/inside_mentor.html

301-405-9545

Dingman Center for Entrepreneurship ( University of Maryland )--Dingman Cohort Mentor Program

The Dingman Cohort Mentor Program is a local initiative that brings together three entrepreneurs and three mentors for a structured, eight-week period to focus on specific goals of the participating entrepreneurs. Each entrepreneur is matched with a mentor. The match is encouraged to have at least three face-to-face meetings during the eight weeks. Each entrepreneur is also given the opportunity to network with the other entrepreneurs and mentors in the cohort. Dingman staff contact each match at the mid-point of the program to monitor match effectiveness, as well as progress toward goal achievement. The cost of the program is $250. Entrepreneurs can participate in the program as many times as they like.

Contact Information:

http://www.smith.umd.edu/dingman/inside_mentor.html

301-405-9545

Entrepreneurs' Organization--WPO-EO Mentor Program

The WPO-EO Mentor Program is sponsored by EO in collaboration with the World Presidents' Organization (WPO). It matches EO entrepreneurs with experienced WPO mentors in a mentorship that seeks to develop the entrepreneur in business, personal growth and perspective. EO members must be the founder, co-founder, owner, or controlling shareholder of an operating business with a minimum of $1 million in annual gross sales and join before their 50th birthday.

Contact Information:

http://www.eonetwork.org
703-519-6700

Helzberg Entrepreneurial Mentoring Program--Helzberg Entrepreneurial Mentoring Program

The Helzberg Entrepreneurial Mentoring Program has a three-year program cycle that kicks off annually in the fall. Locally run, its recruitment targets protégés who, among other qualifications, are passionate about what they do, generate between $1 million and $75 million, and whose businesses are not in the midst of major change. Once recruited, protégés and mentors are selected through a rigorous screening process and then matched one-on-one. Mentors are viewed as coaches, rather than consultants who fix problems. Face-to-face meetings occur as determined by the match, and an additional fourteen group meetings are held each year (retreats, speakers, networking events, celebration dinners). The cost of the program to the protégé is $750 annually.

Contact Information:

http://helzbergmentoring.org

816-235-6125

Kauffman Foundation--Kauffman Fellows Program

The Kauffman Fellows Program is designed to educate and train future venture capitalists and future leaders of high-growth companies. Fellows develop learning plans with industry mentors and program faculty and then are placed on-site at a venture capital firm to gain first-hand experience of the venture capital process. Requirements to become a fellow include: U.S. citizenship, a graduate degree, and some professional experience. Beyond this, excellence is emphasized along with a desire to learn about the venture-building process. The program lasts for a year and a half.

Contact Information:

http://www.emkf.org

913-648-0002

MicroMentor (An Initiative of Mercy Corps)

MicroMentor is a nonprofit project linking small business owners to individuals who have successfully navigated business ownership or management in the same industry.  Collaborating with community-based microenterprise organizations, national trade associations and corporate partners, MicroMentor helps entrepreneurs gain access to markets and increase revenue and profitability by offering timely, relevant and trusted business mentoring services from a community of engaged volunteers.

Contact Information:

http://www.micromentor.org/

415-348-6271

National Association of Women Business Owners--NAWBO Mentor Program

The NAWBO Mentor Program is a new pilot program. Mentors are recruited by business issue and then matched with a NAWBO protégée(s) who is interested in being mentored on a specific business issue. Mentors will have been in business at least five years. Protégées need only to be NAWBO members to apply. A mentoring agreement will be used to launch each mentoring relationship. Matches are targeted to last for a year. The majority of participants will be women, although men are welcome.

Contact Information:

http://www.nawbo.org

800-55-NAWBO

SBA Office of Women's Business Ownership--WNET Roundtables

WNET Roundtables is an unstructured peer-to-peer networking program that offers access to public and private sector individuals who are available to provide contacts, services, and suggestions for women business owners. Peers are women business owners, and they receive practical support and guidance in an informal, ongoing relationship from a range of mentors with a wealth of experience. There are several hundred roundtables across the country. Each is structured according to the needs of the community it serves. If a roundtable does not exist in the community of an interested woman entrepreneur, she can start one with the help of the program's national coordinator. Men are welcome to attend a WNET roundtable.

Contact Information:

http://www.sba.gov/services/financialassistance/index.html

202-205-6673

SCORE Counseling

At SCORE, counseling is always free-of-charge. Our volunteers donate their time and talent. As a nonprofit association, we bring Fortune 500 executives and successful entrepreneurs to your team as mentors.  Business counseling relationships can last just a few sessions or a number of years, based on your needs as an entrepreneur. SCORE volunteers sometimes counsel in teams, bringing a specific strength to the table. Counselors may be available to visit you at your place of business to learn about your venture and concerns.

Contact Information:
http://www.score.org/counseling_training.html
1-800-634-0245

Springboard Enterprises-Springboard

Springboard is an entrepreneurial training program. It is designed to increase the participation and profile of women entrepreneurs in the equity markets. Participating entrepreneurs are focused in the area of technology or life sciences and represent a variety of business stages. Their recruitment occurs by market via networking events and information sessions sponsored by Springboard. Applications are put through a rigorous screening process to determine business readiness. Twenty applicants are selected and sent to a "boot camp" where they spend two months with coaches and peers reworking their business plans. The culminating event in the program is the Venture Forum at which participants pitch their businesses to equity investors. The program lasts for six months.

Contact Information:

http://www.springboardenterprises.org

202-242-6282

 

U.S. Women's Chamber of Commerce--USWCC CEO Forum

The USWCC CEO Forum is a structured, peer-to-peer, networking program designed to reduce the feelings of loneliness that many women leaders experience at the top. Specifically, each forum provides women CEOs with education, feedback and support in a confidential atmosphere on a monthly basis to enhance the success of their businesses. Forums are led by a seasoned CEO and have 12 members who are from non-competing businesses.

Contact Information:

http://www.uswomenschamber.com

888-861-9290

University of Houston Small Business Development Center -Women's Business Ownership Initiative


The Women's Business Ownership Initiative is a structured, peer-to-peer, networking program that hosts seven roundtables a year beginning each fall for local women business owners who have been in business between one and four years (no start-ups). Participation occurs via recruitment and word-of-mouth referrals. Each roundtable meets on a monthly basis and comprises an SBDC staffer, four to five "coaches" and one to two "coaches." Coaches are in charge of roundtable management. Members of a roundtable are at the same business stage and comprise non-competing businesses. The objective of the roundtables is to provide a forum for women business owners to tackle the issues that will help them develop their businesses. The cost of the roundtable to the coachee is $100.

Contact Information:

http://smbizsolutions.uh.edu/

713-752-8444

Vistage: The World’s Largest CEO Membership Organization

Vistage members engage in one-to-one business coaching with their Vistage Chair, an objective executive advisor offering advice, insights, accountability and support. Each month, for an intensive two hours, Vistage Chairs offer unrivaled professional development, challenging each member to improve their performance and holding them personally accountable for implementing business solutions.

Contact Information:
http://www.vistage.com/programs/products-services/coaching.html
1-800-274-2367

Women Presidents' Organization--WPO Chapter

WPO Chapter is a structured, peer-to-peer, networking program that brings 20 women presidents together in a confidential environment on a monthly basis to discuss their business challenges. Meetings are managed by a trained facilitator and the agenda often focuses on one member's business in a case-study fashion. This allows the member to have some of her current challenges rigorously analyzed and discussed from a number of different perspectives. Business revenue thresholds drive membership in a WPO chapter.

Contact Information:

http://www.womenpresidentsorg.com

212-688-4114

Women With 2020 Vision

The Women With 2020 Vision program is a low-cost, long-term, high-impact program to provide networking, education, scholarships, and hope for girls and young women in developing countries who aspire to be entrepreneurs in the year 2020. The program involves biannual virtual conferences, monthly online lectures, mentor-protégée matching, and scholarship awards to disadvantaged girls majoring in business. Girls and teens from around the world will be mentored by successful businessmen and businesswomen. They are electronically-linked to learn key business concepts, hear from world experts and thought leaders, and are given practical advice. Business plans are created and partnerships are developed, with a goal of helping girls and teens start new businesses.

Contact Information:

http://www.womenwith2020vision.org/

mccue@womenwith2020vision.org (email)

Young Presidents' Organization--YPO Forum

 

The YPO Forum is hosted at the local level internationally by YPO chapters. Within each chapter, small groups of twelve, young business leaders meet on a consistent basis annually to share and consult with their peers on personal and professional issues in a safe environment for the purpose of learning and growing. Work-life balance is explored and supported through targeted educational programming. To make the most of its international membership, YPO uses its Web site to facilitate the networking of members in different geographic locales and time zones. Membership in the organization is sponsored by another member. Applicants must be under 44 and have full responsibility for business operations. Other qualifications related to employees and valuations apply.

Contact Information:

http://www.ypo.org

800-773-7976

 

We encourage you to visit the following Web sites for more information about business mentoring in the United States:.

Organization

Description

Edward Lowe Foundation

http://edwardlowe.org/index.peer?page=ENTmentoring

"How Mentoring Builds Companies and Communities."

FIELD (Microenterprise Fund for Innovation, Effectiveness, Learning and Dissemination)--The Aspen Institute

http://fieldus.org/publications/PrimeVol4.pdf

 

"Best Practice Guide: Vol. 4: Keeping It Personalized: Consulting, Coaching & Mentoring for Microentrepreneurs," pages 43-53

SBA Online Women's Business Center

www.onlinewbc.gov/docs/manage/mentoring.html

"Mentoring--What Goes Around, Comes Around."