4/9/2014 Jason Nazar: The Secret to Finding (and Keeping) Mentors - The Accelerators - WSJ THE SHOPS The Accelerators Startup mentors discuss strategies and challenges of creating a new business. CULTURE 11:34 am ET May 24, 2013 VIDEO CHATS RAISING CAPITAL LEADERSHIP Jason Nazar: The Secret to Finding (and Keeping) Mentors ARTICLE Email COMMENTS (21) WSJ STARTUP BUSINESS MODEL PREVIOUS NEXT Ry an Smith: Who Y ou Gonna Call? May nard Webb: Mentoring Is No Longer the Company ’s Responsibility GO SEARCH THE ACCELERATORS Print Guest Mentor Jason Nazar, co-founder and CEO of Docstoc.com: There is one request almost nobody will ever refuse: Will you be my mentor? I was an infamously odd student in business school and law school. I never bought books, rarely went to class, and hardly studied for exams. But I did spent those four years starting businesses and courting many mentors to help me along the way. Instead of studying for my classes, I’d set up new meet & greet meetings with successful alums. At the end of every meeting, I’d ask, “Would you consider being my mentor?” — and every time, I got the same response. Ignorance is Blasphemy: Why You Need a See what Mentor in the First Place. It’s not about what you others have to say about know or don’t know; the biggest challenges you’ll face finding a startup in business are the things you don’t know that you mentor. don’t know. Mentors will help identify areas of opportunity or risk that weren’t even on your radar. Plus the quickest path to success is to simply model the person who has already achieved what you want to. Identify step by step how they achieved their goals, and you have a proven pathway to your own success. A valuable mentor will provide you this roadmap and a lot of sage wisdom along the way. Machiavelli vs. Mother Teresa: Choosing a Mentor. Who should you pick as your mentor? I’d personally recommend the smartest person who’s also going to answer your emails/calls and be the hardest on you. The value of a mentor is not to give you an ego boost or save your feelings from getting hurt. You want someone who’s going to push you to be the absolute best professional you can be, and call you out when you’re not living up to your potential. Consider whose advice will ring most true to you; it may be Shpigler the Shark or the ever-positive Matt Cutts, but pick the person whose points will pop with you personally. You’ll Have to Put Out: Getting the Most From Mentors. Mark Suster aptly puts it, you have better chance of getting struck by lightning than having an amazing mentor find you. You need to ask folks for help directly. To find them, start with personal relationships and identify people in your sphere of influence who have some sentimental or personal (and nonfinancial) incentive to help you. Once you find that mentor, it’s your responsibility to continuously seek out their advice and build that relationship. Their counsel is only as valuable as the time you put in to seek it out. (Here are some of my networking tips for entrepreneurs.) I Did It My Way: When to Follow/Ignore Mentor’s Counsel. There’s no 11th commandment, “Thou Shalt Always Follow Thy Mentors Advice.” It’s up to you to take the input and counsel from a lot of data points and make the best decisions you can. If you’re constantly going against the counsel of your mentors, you may want to question your stubbornness. However, if you blindly follow what you mentors tell you to do, you’ll have to question your backbone. Think of mentors’ advice as a set of ingredients you http://blogs.wsj.com/accelerators/2013/05/24/jason-nazar-the-secret-to-getting-and-keeping-mentors/ Don't Miss [?] How Flight 370 Flew Under the Radar Colleges Asked to Prove Post-Grad Career Success Five Surprising Places You Can Buy Alcohol About The Accelerators For aspiring or actual entrepreneurs, The Accelerators forum is a lively discussion among startup mentors– entrepreneurs, angel investors and venture capitalists. To reach us: @wsjstartup or [email protected]. Like The 9.2kAccelerators on Facebook The Accelerators Nora Abousteit Christina Bechhold Neil Blumenthal David Cohen 1/4 4/9/2014 Jason Nazar: The Secret to Finding (and Keeping) Mentors - The Accelerators - WSJ can pick and chose from — it’s up to you to make the main course. Lincoln may have built a Team of Rivals, but he was resolute in making the final decision he thought best. In those 6 years since grad school, I’ve builtDocstoc into one of the most popular websites in the world to help grow startups and small businesses. And I’ve achieved this in large part not because I’m smarter or more talented than the average entrepreneur, but because I’ve made it habit of seeking out and relying on the counsel of mentors much smarter and more successful than myself. In fact, I have a secret to share: since those days at grad school I’ve probably asked over 50 people to be my mentor, and nobody has turned me down yet. Follow @WSJstartup Kevin Colleran John Greathouse Ryan Holmes Jennifer Hyman Jessica Jackley Brad Keywell Liz Lange Matt Maloney Kate Mitchell Naval Ravikant Brian Sharples Wayne Sutton David Tisch Vivek Wadhwa Maynard Webb Elaine Wherry Joanne Wilson Ed Zimmerman Follow @jasonnazar PREVIOUS Ry an Smith: Who Y ou Gonna Call? 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COMMENT CLEAR Comments (5 of 21) POST View all Comments » 10:25 am January 1, 2014 http://blogs.wsj.com/accelerators/2013/05/24/jason-nazar-the-secret-to-getting-and-keeping-mentors/ 2/4 4/9/2014 Jason Nazar: The Secret to Finding (and Keeping) Mentors - The Accelerators - WSJ Jermill Edwards wrote: The comments below show jealousy and are irrelevant. I completely grasp the concept of this article which is merely to guide and not babysit. Were people expecting a list of names and phone numbers? Then he might as well build your business for you and simply give you the profits. I mentor my personally sponsored affiliates and I am appalled at how many actually want me to do everything for them rather than guide them. I have remained genuinely caring but very strict with them now I have a superb team of network marketers. We are to help ourselves and look to others only to compliment our efforts or to acquire knowledge of the unknown. Please be respectful of this man’s effort and production as if it were that easy then you would’ve surpassed his success but clearly for the most part that isn’t the case. I do not know him but i am sure glad I found him. I am proud to say I have a 9th graders intellectual capacity (so forgive errors if found), I am now doing adult upgrade with the hope of college, I have a successful and lucrative ecommerce business that I maintain my entire living from. Not many people have that ability to be self-sufficient. Thank you for reading Jermill Edwards [email protected] Regards 11:38 pm November 29, 2013 dk wrote: The author keeps saying how important and popular docstoc.com is. I’ve never heard of it, have you? According to Alexa, the majority of the hits on docstoc come from India, Indonesia and Pakistan. It has an over 50% bounce rate and most people don’t stay on the site more than 2 minutes. Come on. 10:50 pm September 9, 2013 trenthefl3sh wrote: I find there are too many grammatical errors on this site, it’s not attractive at all. 11:01 pm August 18, 2013 Anonymous wrote: For what it’s worth: I’ve had two very successful runs at companies. Both of these jobs were rather technical in nature. For the first few months I generally kept quiet. I think it’s important to spend time observing how the organization works and who is accomplishing what. During those beginning months I asked questions, lots of questions. I asked about technical things as well as processes, learning the all the inputs and outputs to each system. While I was doing this, it became clear to me who knew what. The questions will inevitably come up, but the successful person will know the right person to ask. I made mental notes and said to myself “He’s the smartest guy here”. Once you learn who they are, you need to foster their advice. Some people in the comments think of mentors as babysitters, but the crux of the issue is that someone has already had your problem. Learn how they dealt with it and how they would advise you to do it now. Most importantly, remember that if your mouth is moving, you’re not listening. 2:14 pm August 8, 2013 Renee wrote: I felt very discouraged by this article until I read the comments. The comments were far more helpful to me. Wall Street Facebook Journal Twitter LinkedInFourSquare Google+Y ouTube Podcasts RSS Feed AppStore Subscribe / Login Back to Top Customer Service Policy Advertise Tools & Features More Customer Center Privacy Policy Advertise Apps Why Subscribe New! 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