For Subscribers

3 Steps for a Mentorship Program That Works Brad Bunt offers his tips for making your mentor program effective.

By Christopher Hann

This story appears in the June 2016 issue of Entrepreneur. Subscribe »

Caiaimage/Robert Daly | Getty Images

How can I start an effective mentorship program at my company?

As the longtime director of the Small Business Development Center at Kilgore College in Kilgore, Tex., Brad Bunt has watched plenty of entrepreneurs put mentorship programs to work -- with varying degrees of success. His three steps for getting it right:

1. Identify your goals.

What, exactly, do you aim to achieve through mentorship? "It generally comes down to retaining employees, improving employee satisfaction or increasing sales and productivity," Bunt says.

2. Be a careful matchmaker.

This might seem like a no-brainer, but it's not as simple as asking supervisors to mentor their subordinates. Figure out how prospective mentees learn, Bunt says, then find the right mentors for their learning styles.

3. Keep a close watch.

Set a timetable that allows things to really get going before you review the program. Bunt says six months is usually the sweet spot. "Once it's established," he says, "mentors get over some of the insecurities they had and see the benefits of the program."

Christopher Hann

Entrepreneur Contributor

Christopher Hann is a freelance writer in Lebanon Township, N.J., and an adjunct professor of journalism at Rutgers University.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Side Hustle

She Quit Her Job at Trader Joe's After Starting a Side Hustle With $800 — Then She and Her Brother Grew the Business to $20 Million

Jaime Holm and Matt Hannula teamed up to build a business in an industry that "didn't exist" yet.

Management

My Relentless Ambition Cost Me My Health. Here's How to Avoid Making My Mistakes.

There is no KPI in your startup worth sacrificing your health over. An important lesson for founders of how, when health fails, everything can come crashing like a house of cards.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

The U.S. Mint Announced It Will Stop Making Pennies. Here's How It Will Affect Businesses and Consumers.

Can you still pay with pennies? How will businesses make exact change? Here's what we know.