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Nothing helps businesses grow like high-quality mentorships programs. Mentors can boost your company’s overall performance. They can help your employees develop the right skills to be successful, assist you in hiring new talent, and open up potential partners or investors for future collaboration.

But forming a successful mentorships program is easier said than done. Sometimes executives are so busy running their own companies that they don’t have time to cultivate a mentorship program from the ground up.

Are you looking to implement mentoring for your teams? Here are three keys to success.

  1. Create a Mentorship Program That Works for Your Business

The first step of creating a successful mentorship program is to create one that works for your business. Consider creating a peer-to-peer mentorship program where two employees will help each other succeed by working together. This sort of teamwork allows businesses to understand what each team member brings to the table and can help your company grow as a whole.

  1. Use Many Mentors, Not Just One

One of the biggest mistakes that companies make when setting up a mentorship program is only choosing one mentor for each apprentice.

Instead of assigning one mentor for each mentee, assign an apprentice to multiple mentors simultaneously, still giving them just one primary mentor to learn from but letting them choose another coach they enjoy working with. This setup gives employees more opportunities to grow and learn from different mentors, creating a more comprehensive learning experience.

  1. Emphasize the Mentorship’s Importance

If you want your company’s mentorship program to be successful, ensure that everyone in your business emphasizes its importance and sees it as beneficial for them and their teammates. This means encouraging every employee to get involved, not just those who can be mentors, and helping them see how they can benefit from the program.

Companies that choose their mentors wisely and truly value their mentorship program will have a much higher chance of seeing it become fruitful, as well as seeing more employees take part in it.