3 Must-Haves in a Great Mentor

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Originally published in Inc.

By Joel Peterson

Over the years, I’ve seen thousands of Millennials in the classroom and in various business roles, and, not surprisingly, I disagree with those who stereotype the generation as lazy, entitled job hoppers.

Instead, I find they possess many highly desirable workplace traits. They’re technologically adept, idealistic, mission-driven, caring and inclusive — just to name a few.

That said, even the best of them could get even better if they had a good mentor. The truth is everyone needs someone to show them the ropes, to help them understand what organizations value and the best ways to get ahead in a job, corporation or even life.

But mentors don’t come easy. Many of the good ones have already been snapped up. The ones still available and willing to share their wisdom don’t have signs around their necks. You do not just walk up to someone and ask them, “May I be your protege?”

Quite frankly, finding that special teacher will come down to luck and resolve. Be patient and let the relationship develop.

A reasonable approach is simply to observe a person whose career and standing you admire. Take notes, do what they do, read what they read. In short, make them a role model without them even knowing it.

If by chance you attract the attention of him or her, and mentorship is a result, consider it a gift from the career gods.

Understand that not every leader is a good mentor. To be fair, successful leaders are very busy people and some are just not good at translating their success to others.

But, still, you can improve your odds of finding a great career guide and life coach by focusing on a few key qualities:

1. Someone who is respected.

Choose someone who you believe does things the right way for the right reasons; someone who is widely admired for being honest and fair. Then study how they handle difficult situations, tough conversations and setbacks.

If you can get with this person and have them de-construct their thinking, it will be the equivalent of getting a graduate degree in leadership. You also want to align yourself with people who have great values, who reinforce the good things you are doing and can help you develop even better habits around how you spend your time, your money and your mental energy.

2. Someone who is generous.

Look for someone who enjoys imparting knowledge and is delighted to teach you some skills. You want a person willing to share their contacts and expertise.

And it is even better if, from time to time, the person is agreeable to critique your handling of a problem or assignment. You have to be able to accept some straight talk, obviously, but those brutally honest conversations can lead to tremendous growth.

The great mentors also tend show patience and be good listeners. They ask follow-up questions and they make sure they’ve understood your dilemma before they react. Sometimes a mentor is just a good sounding board for what you are thinking.

3. Someone who is positive.

These type of people tend to see opportunity everywhere, they attract other positive people, are pretty good problem solvers and get a lot done. When things get tough for you they will have your back and help you find answers — crucial traits for the perfect mentor. That type of cheerleader who will be there for you through thick and thin is hard to find, but when you do you have a real asset.

I was blessed. Trammell Crow, the real estate magnate, was my first mentor in business.

Most young professionals, however, won’t be as fortunate. But keep in mind that every mentor is not always in the flesh. There are historical figures from whom you can learn a great deal. Read about leaders and thinkers and draw wisdom from them. There are a lot of them out there. Winston Churchill, Peter Drucker, and Marvin Bower are three of mine.

Soon, today’s 83 million Millennials — those just entering the workforce and those now gliding into mid-career — will be in charge, taking over the business world from Baby Boomers like me.

If they are well mentored now — if they pattern themselves after trusted and successful leaders — they increase the chances of becoming terrific mentors themselves. And with that, a virtuous circle can keep giving and giving.

Joel Peterson is on the faculty at the Graduate School of Business at Stanford University where he teaches courses in real estate investment, entrepreneurship and leadership. He is the chairman of the board of overseers at the Hoover Institution at Stanford, as well as the chairman of the board at JetBlue Airways. He also is the founding partner of Peterson Partners, an investment management firm with $1 billion under management.

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