Its natural for entrepreneurs to feel isolated and confused when first starting-up. Mentoring sessions are intended to assure entrepreneurs that they are not alone and to get the company into the best shape possible. These sessions are an essential part of the acceleration process. With early stage startups we tend to focus a lot on the big vision. We help entrepreneurs decide which direction they want the company to move in and set clear short-term objectives which are reviewed weekly. Mentoring sessions adapt to the needs of the startup in that moment.
It’s really important for a startup to get metrics as soon as possible. They help a startup measure and validate their idea. For this reason, when the project is a bit more advanced we focus on getting them to buckle down and to start doing. The sooner they start testing their product, even if it’s just an MVP (Minimal Viable Product), the sooner they get results and can start altering their idea to the needs of the market. The overall goal of a session is for the entrepreneur to leave the mentoring session with a clearer direction.
Startups must book mentoring sessions in advance. There’s no limit to the number of mentoring hours a startup can ask for. But make sure to book them with Alana beforehand.
The group activities help foster a strong sense of community and support between entrepreneurs, something extremely important to us at EIE.