Most people think of mentoring as a way to share the expertise gained over a long professional life. That is a true statement, but not nearly comprehensive, since mentoring can expand your horizons in so many ways.
Fr those of us who may be semi retired, or flunking retirement in my case, being an active mentor keeps you engaged in an ongoing business, like being a board member without the fiduciary obligations. Moreover, it can keep you current in what is going on in the business segment today. That currency is so important and so seldom appropriately valued.
Back in the M Squared days, I had a framework for evaluating consulting expertise, the “4 Vs”. It frustrated me that so many people interviewed consultants as though they were hires, when by definition they are not. As such, it is important to screen for other factors, like the ability of the consultant to work in different environments, i.e., their Versatility.
The Vigor factor, was the idea that to be successful, you need to keep current with your craft. Various professional disciplines achieve this by having continuing education requirements, whether it be in medicine or the the law . But how does a marketing consultant keep current, or a CFO, a compensation consultant etc? There are ways, like attending conferences and doing research. When hiring a consultant, it is important to understand this dimension of their expertise.
Being a mentor can add vigor to your experience, because you are staying current with your mentee’s business. Slack wasn’t around when I stepped down ( the second time) from M Squared, but I understand its power because of my connection with other ongoing businesses. Similarly, I am getting new insights into how companies must recruit and manage millenials which differs from how I dealt with the gen-xers. Having those new perspectives arrayed against the depth of experience makes for some very powerful insight to share. It’s all good.
As for the other Vs, feel free to guess…