Sometimes you have a business and you know there’s something wrong, but just can’t place your finger on it. Then, you look around and notice that every time a particular person walks in the room your stomach gets a little tight and you just don’t feel as well as you did before they walked into the room.
I didn’t, and when I learned I said to myself, “this just makes so much sense…why didn’t I think of it?”
A mentor board is an organized group of people that helps younger generation members in a business learn necessary skills to run the business. This board is different from a family council, business board of directors, or board of advisors. Their only purpose is to get the next generation ready to take over the business.
The past several weeks I’ve posted lessons I’ve learned from my father, my children and my wife. This week it’s my mother’s turn.
I’ve been a big fan of mentors, coaches and elders for a long time. I recently started thinking about the lessons I learned from one of my first mentors, Shields Harvey back when I first got into the vending business in 1977.
I was at an early financial controls seminar put together by Shields and sponsored by the National Vending Association. At that time I was 25 years old and thought I knew everything there was to know about anything. The real problem was I knew nothing about everything, and was really arrogant about my lack of knowledge.