Mentorship for entrepreneurs

Develop your full entrepreneurship potential

Are you facing a complex situation and questioning what choice to make? Would you like to take a step back to better plan the next stages in the growth of your business? Are you looking to break the isolation, find support and encouragement? The mentors of Sherbrooke Innopole will provide you with access to their varied experiences.

Double your chances of success through mentorship!

70% of mentored small business owners make it past the critical five-year mark
(twice as many as their non-mentored peers).

Source: Réseau M

Become a mentee

You are eligible for entrepreneur mentoring if your company is located in the City of Sherbrooke and you have been in business for at least one year and have employees.

Two complementary types of mentorship are offered to entrepreneurs:

Individual mentorship

Perhaps you are looking to benefit from a mentor’s experience to validate certain strategic choices, to step back and take stock of things, or simply to get a bit of a boost to go beyond your limitations? Individual mentorship will enable you to develop a trusting relationship over time, which will help you develop your full entrepreneurship potential.

During an assessment meeting, a mentor is selected by the mentee, after consideration of the coordinator’s recommendations. An initial exploratory meeting between the mentee and the mentor provides an opportunity to check the “chemistry” and confirm the mentorship agreement. The mentoring relationship then starts and lasts on average two years – but may last up to 5 or 6 years. Monthly meetings are recommended.

Cost: Preauthorized monthly payments of $50.

Group mentorship

Share your challenges, questions, and especially potential solutions and strategies with entrepreneurs experiencing challenges similar to your own is what the group mentorship program offers entrepreneurs.

  • Cohort of from 8 to 10 entrepreneurs
  • 10 monthly meetings led by mentors
  • Themes chosen by participants, focused on developing their entrepreneurship potential.

Cost: $200 for a full group mentorship cycle over about one year.

>> Introducing the program (French)

Next cohort of group mentorship: January 2020

Attend the information session to learn more: January 15, 2020, 1:30 to 4:30 pm at Sherbrooke Innopole. Please confirm your presence here

—-

Both mentorship programs also cover access to free, exclusive training sessions on various themes relevant to entrepreneurship:

  • Financial statements
  • Business budget
  • Financial analysis – cost price and ratios
  • Liquidity management
  • Funding
  • Human Resources
  • HR marketing
  • Managing priorities
  • Business and the Internet
  • Sales
  • Leadership

The role of a mentor

In concrete terms, a mentor:

  • Helps break the isolation often felt by entrepreneurs
  • Listens and questions
  • Re-frames the problems experienced
  • Helps identify potential solutions
  • Encourages and motivates
  • Shares its critical thinking skills
  • Provides feedback on the entrepreneur’s attitudes
  • Shares their experience in real-life situations
  • Respects the confidentiality of discussions

The mentor does not:

  • Help the mentored entrepreneur manage his company
  • Act as a consultant or expert in production, marketing, distribution, accounting, or any other area nor provide customized management solutions, advice, or recommendations
  • Dictate to the mentored entrepreneur the procedure to follow
  • Establish a business relationship (client, supplier, or partner) with their mentee
  • Refer their mentee to its network of contacts
  • Receive payment for his services

Réseau M

Member of Réseau M,
powered by the Fondation de l’entrepreneurship

GoMentor

Regional portal on entrepreneur mentorship

Contact your expert

Michelle Dallaire

Business Mentoring Coordinator

819 821-5577 ext. 205