In this episode, Donna Rosa shares a success story of an entrepreneur she mentored on a dairy farm. She helped him set up tracking systems and financial record-keeping systems using Excel, which significantly reduced his administrative work. She also helped him identify profitability issues and guided him towards focusing on value-added dairy products. Donna emphasizes the importance of asking questions and gathering information from the mentee before providing advice. She also highlights the need for flexibility in mentorship and the misconception that mentors automatically know how to mentor.

Take aways

• Mentorship can have a significant impact on small businesses by providing guidance and support.
• Setting up tracking systems and financial record-keeping systems can help reduce administrative work and improve efficiency.
• Identifying profitability issues and focusing on value-added products can help businesses grow and increase their margins.
• Asking questions and gathering information from the mentee is crucial before providing advice.
• Mentorship requires flexibility and open-mindedness, and mentors should listen and learn from the mentees.

About the guest:

Donna Rosa
Chief Entrepreneurship Officer, EFour Enterprises LLC
www.efourenterprises.com
linkedin.com/in/donnarosa
www.donnamrosa.com