4 Best Practices for Getting the Most Out of a Virtual Mentoring Platform

8 min read
4 Ways to Get More Out of Your Virtual Mentoring Sessions

Mentoring is an invaluable tool for both personal and professional development — especially in the context of entrepreneurship. Unfortunately, the traditional mentorship model involving regular in-person sessions can be difficult to access in the age of COVID-19 and remote work environments. In addition, finding the right mentor to match your needs can be challenging, especially if you're limited to your immediate professional network. 

The good news is that virtual mentoring platforms are becoming increasingly popular, allowing users to connect with all kinds of mentors from all over the world. Let's take a more detailed look at a few of the benefits of virtual mentoring platforms and evaluate some best practices for ensuring successful virtual mentor meetings. 

Benefits of Virtual Mentoring Platforms

Entrepreneurs relying on mentors for guidance is not a new idea, but advancements in technology make it possible to get even more out of your relationship with a mentor now than ever before. Virtual, mentorship programs and other mentorship platforms use virtual communication technology to enable entrepreneurs to connect with mentors from practically anywhere in the world. Some of the most promising advantages of virtual mentoring platforms include their exceptional accessibility and versatility.

Accessibility

One of the most obvious advantages of virtual mentoring platforms is how much more accessible they are than traditional, in-person mentoring. A virtual platform allows entrepreneurs to access mentors from anywhere in the world at any time that it's convenient for both parties — often even on short notice. This flexibility allows busy entrepreneurs to fit mentoring into their schedules and get advice quickly whenever they need it. 

Virtual mentoring also eliminates geographical barriers, allowing entrepreneurs to connect with mentors who may be located on the other side of the country or even the other side of the world. Moreover, virtual mentoring is often more affordable than traditional in-person mentoring since the whole process is much more streamlined — for example, there are no travel costs associated with virtual mentoring. 

Overall, virtual, mentoring software offers an easier way for entrepreneurs to access knowledge and advice from industry professionals and seasoned experts without the hassle of having to orchestrate and attend physical meetings.

Versatility 

Virtual mentoring platforms are also more versatile than in-person mentoring. A virtual mentoring platform like Mentorcam provides the unique opportunity to connect with a wide variety of potential mentors from a range of different backgrounds. This increased versatility enables entrepreneurs to access advice from a much wider pool of expertise than would normally be available locally. 

Many of us rely on the same circle of trusted friends and colleagues for business and career advice, time and again. While it's certainly good to have a reliable circle of support, virtual mentoring presents a valuable opportunity to break out of your immediate network and find exposure to new perspectives that you wouldn't be able to access otherwise.

Accountability

Having a mentor can hold you accountable to your goals and help you stay on track. A mentoring platform can provide you with the structure and support you need to stay accountable and motivated.

Affordability

When business owners struggle to reach their objective they often turn to expensive agencies and consultants which charge a monthly retainer. With virtual mentoring platforms like Mentorcam you don't pay a retainer or any hidden fees. You get access to world class experts for 1:1 calls and you only pay for the time you spend on the call.

How to Have More Productive Virtual Mentoring Sessions

Without further ado, let's dive into the four best ways to get more out of your virtual meetings with mentors:

1. Make Sure Your Mentor Is a Good Match for You

Not every mentor will be the right fit for your needs. Every entrepreneur is different, so it's important to find a mentor who has the experience and expertise to help with your unique goals and the unique needs of your startup.

Additionally, make sure your mentor is someone you get along with and feel comfortable talking to. Creating a business can be a surprisingly personal undertaking, so it's essential your mentor is someone you trust and feel comfortable opening up around.

Start by researching potential mentor matching platform startup mentors, who have experience in your industry. Look for people who have been successful with their own ventures and have a track record of accomplishments. Then, reach out to these potential mentors and ask them if they would be willing to mentor you. Virtual mentoring platforms like Mentorcam make it easy to connect with potential mentors with just the click of a button.

Once you've found a mentor who seems like a potential match, explain your goals and objectives clearly so they can understand what you're looking for from a mentor-mentee relationship. Ask lots of questions about the potential mentor's experience, successes, and failures. This will help you gain insight into their track record and determine whether or not they would be a good fit for your needs. 

Identifying a mentor who's the right fit to support your entrepreneurial journey is easy when you use a virtual online mentoring platform, like Mentorcam. Every mentor on the Mentorcam platform is guaranteed to have the necessary expertise to provide valuable guidance in business development, so all you have to do is locate the mentor who has the specific kind of expertise you need and set up your first meeting.

2. Come Prepared With Smart Questions

You'll generally get out of your relationship with your mentor what you put into it. With that in mind, it's very important to take an active role as a mentee and let your mentor know how they can help you best. Come up with a detailed list of questions you want to discuss with your mentor so you always have something concrete to work on. Additionally, write the list down in your phone or on a notecard and bring it to each meeting so you never have to waste any time getting started. 

If you truly have no idea where to begin, start by listing your goals for your business. Your online mentor will likely be able to help you determine where you should direct your focus to start making progress. A successful virtual mentoring session usually requires a greater degree of organization than a successful in-person meeting does. Any preparation you make time for will probably pay off in the form of a more productive virtual meeting with your mentor.

3. Stay Focused During Meetings

You'll likely only be able to meet with your mentor periodically, so you should make the most of your time together. Arriving with questions prepared will help you keep your mentoring sessions on track, but you should also take care to stay focused during the meetings themselves in order to maximize your productivity. Here are a few tips to help you remain fully focused during mentoring culture:

4. Clarify Benchmarks and Celebrate Wins

In any relationship with a mentor, you should have clear goals to work toward as well as benchmarks for measuring your progress. One of the most important ways mentors provide support is by helping you measure progress toward those benchmarks. 

A mentor can help you set realistic expectations for yourself and help you track your progress toward your benchmarks. Your mentor can also give you feedback to indicate which areas you still need to work harder at improving. At all times, it's crucial to be open and honest with your mentor about what you need from them and how you feel the mentorship is going, as doing so can help them serve as a better guide to your career growth and move you closer to your goals.

Working with a mentor isn't only about supporting you when you struggle or fail. Your mentor is also someone who can celebrate your wins with you. Acknowledging and celebrating the results of your hard work is one of the ways a mentor can help you manage your founder's journey in a healthy, balanced way

Celebrating your successes is also essential for maintaining your momentum. When you reach an important milestone in your business plan, take a moment with your mentor to appreciate the progress you've made — then you're ready to start striving for the next win.

Conclusion

To make the most of any kind of mentorship career coaching opportunity, you should first take the time to find the right mentor who can provide you with the specific kind of advice and the valuable insights you need for your startup or business. (Using a virtual platform or mentorship program like Mentorcam makes this step simple.)

You should also come to every mentoring session prepared with relevant questions in order to give your work with your mentor some structure. It's also vital to stay focused during meetings so you can make the most of your time with your mentor. 

Finally, it's of the utmost importance to clarify benchmarks so that both you and your mentor know how you'll be measuring success. With your benchmarks clearly in sight, your mentor can easily celebrate with you when you achieve them.

A relationship with a mentor can be a great avenue for entrepreneurs to gain new insights and receive valuable, experienced-based guidance. Virtual mentoring through platforms like Mentorcam represents an exciting evolution of the mentorship model that makes it more accessible and flexible for startup founders than ever before.

Get 1:1 advice from experienced founders

Daniel A. Chen

Daniel A. Chen

Head of BD - Brightside
Wharton MBA

Simple Things
Wharton

Daniel Chen is the Head of Business Development at Brightside, a financial care solution that helps working families improve their financial health. He started his career as a Senior Auditor at KPMG Canada, then moved on to work as an Assistant Controller at eBay before embarking on his entrepreneurial journey with Lightside Games and Levanto Financial. Prior to joining Brightside, Daniel served as Quicken's Head of Business Development, where he oversaw partnerships and launched new businesses. In addition to this, he has an MBA from Wharton Business School and is a certified public accountant.

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eBay
KPMG
Wharton MBA
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Michael Litt

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GTM & Generative AI Expert

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Michael Litt has established a notable presence in the business world as a Founder, CEO, and Investor. He successfully raised $85 million in funding for Vidyard while leading a team with over 300 members. His dedication to Go-to-Market (GTM) strategies and sales technology is reflected in the numerous Generative AI products developed at Vidyard. In addition to his role at Vidyard, Michael also serves as an investor at Garage Capital, a firm that has backed more than 150 companies, with 12 of them achieving valuations surpassing $1 billion.

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Robin Daniels

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