Out of curiosity...
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Free registration at the forum removes this block.There are people on this forum who do or have charged for mentoring. Would not label those that I know as "suspect".
Just a note on this. Nobody is under any obligation to teach people for free. But, many generous people still do.I would say combination of Both: Paid & FREE
I think I didn't charge for a certain amount of time for the simple reason, you should know what you're doing. Practice makes perfect. I believe after awhile those free people will actually be the ones be word of mouth who pass it along you're a good mentor. When you do start charging, it makes i5 easier.
For me at least, it's like telling a psychologist, "Oh, sorry. I want free service after all your years of studying, working with people, and I feel your advice is not valuable enough to me, to pay you."
Well someone like me would obviously tell you to get lost. My time is just as valuable as yours. Which I didn't work my butt off to sit around and give people free advice all my life.
Sure, you can go get free advice everywhere. Go get it. Whether it's valuable or not. I have no clue.
Mentorship is not about compensation in the material sense. Mentorship is being a confidant, counselor...a trusted adviser. A mentor doesn't clock in/out of a session, their time and counsel is given freely and with genuine concern for the growth and success of the mentee. That does not mean there's anything wrong with professional coaches, counselors, therapists, etc. Just that in my mind there is a difference.
I've heard most people in business make their mentees work for free(without getting any stipend). In return, they provide valuable advice and insight.
I think about the Karate Kid -- wax on, wax off. There's no free lunch!Out of curiosity...
I think of the moon is a harsh mistress, TANSTAFL their ain't no such thing as a free lunch.... otherwise these drinks would be half the price.I think about the Karate Kid -- wax on, wax off. There's no free lunch!
I always ask for a favor when I help someone -- and I help a lot of people. I Sometimes it's a promise of a future favor.
Why does it matter to you? I am curious to know what led you to question the ethics of paid vs free mentorship.
And you are also gaining experience working in their company. That also adds to your resume. I think it is a win-win for someone with zero backgrounds in business. But your point holds true. I better get results for the time I am investing in your business. Otherwise, I become free labour.That is far from free though, it is barter. You give me your time and I will give you mine. You could offer 8 hours working in their business for 1 hour mentorship and both be better off.
Remember time is money.
And you are also gaining experience working in their company. That also adds to your resume. I think it is a win-win for someone with zero backgrounds in business.
Yup, and determining that leads me to conclude all offers so far to me are the later, if you never even see the ceo/mentor and are just sweeping with slowlaners where is the value?But your point holds true. I better get results for the time I am investing in your business. Otherwise, I become free labour
I think Robbins does do personal coaching. But he charges insane amounts of money for it. He effectively only works with people like Bill Clinton. He name drops them constantly.That's why a lot of the great coaches and most successful people don't do one-on-one coaching. Tony Robbins is a good example on the coaching side -- he can make $1M per day giving a private group session and much more than that hosting his big events. There's not enough money in the world for him to dedicate a significant amount of time to a one person or one group to coach them. The opportunity cost would be huge.
I think life coaching is a big thing among Entrepreneurs. I'm thinking that OP means someone who is already successful teaching their success though. I mean in general, you're probably not going to get Carl Icahn to 'coach' you, but I'm sure you could get a life coach to teach you productivity hacks. Although Carl Icahn may mentor some shiny new prodigy in the industry if they show promise.I don't get it personally, but people way smarter and more successful than me seem to swear by paid coaching/ mentorship.View attachment 26496Maybe I should smarten up...
Yea exactly. I mean if Jeff Bezos (or whoever) is asking you for coaching.. you just do it. If nothing else it's an awesome thing to add to a resume.Absolutely, but I'm guessing (and it's really just a guess) that those 1:1 things are probably not for the money.
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