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Business Unplugged™
This blog features Carol Roth's tough love on business and entrepreneurship, as well as insights from Carol's community of contributors.

The 5 Minute Mentor

Written By: Carol Roth | Comments Off on The 5 Minute Mentor

The concept of mentorship is one that can be both powerful and elusive.  Mentors can help you elevate your game, point out shortcomings and make introductions to help further your career.  But many of us spent a good deal of time without ever finding that perfectly wise, helpful, been-there-done-that successful individual to take us under his or her wings.

In comes the five minute mentor, a concept contextualized by Gary W. Goldstein, the former Hollywood producer of little films like Pretty Woman and Under Siege, who now ‘produces’ businesses.  I met Gary when I had the pleasure to interview him at the SOBCon mastermind conference in Chicago.

As Gary pointed out, the traditional concept of a be-all-end-all Yoda type isn’t the only way to be mentored.  In fact, mentors are all around us and while we spend time looking for that one long-term relationship, you may be missing the five minute mentors who can teach you important lessons, help you elevate your game and more.

Here are some examples of five minute mentorship that I have noticed or participated in recently:

-I witnessed in the green room at one of the major networks a seasoned TV veteran giving honest and thoughtful feedback to another regular, but younger TV personality.

-I was giving an interview to a reporter in a taxi on the way to the airport regarding customer loyalty in business.  When we arrived at the airport, the taxi driver told me that he had been listening to the conversation and learned a lot, thanking me for sharing the knowledge (even though it wasn’t directed to him).

-I had a peer, who had more years of media experience than I do, share some insights on the challenges, frustrations and opportunities of punditry over coffee.

-I have studied the work of people that I have never met, to emulate and up my game.

All of these represent different mentorship opportunities and there are plenty more all around you.

I’ve been fortunate to find some more permanent mentors in my recent days, but it was an organic evolution from a relationship that started out in a five-minute mentor manner.

So, pay attention, because you never know who can become your mentor, even if it’s only for a few minutes, and help you take your career or business to the next level.

Article written by
Carol Roth is a national media personality, ‘recovering’ investment banker, investor, speaker and author of the New York Times bestselling book, The Entrepreneur Equation. She is a judge on the Mark Burnett (Shark Tank, The Voice, Survivor, The Apprentice) produced technology competition series, America's Greatest Makers, airing on TBS and Host of Microsoft's Office Small Business Academy show. Previously, Carol was the host and co-producer of The Noon Show, a current events talk show on WGN Radio, one of the top stations in the country, and a contributor to CNBC, as well as a frequent guest on Fox News, CNN, Fox Business and other stations. Carol's multimedia commentary covers business and the economy, current events, politics and pop culture topics. Carol has helped her clients complete more than $2 billion in capital raising and M&A transactions. She is a Top 100 Small Business Influencer (2011-2015) and has her own action figure. Twitter: @CarolJSRoth