Years ago, Chris Talarico vowed that if she ever owned a business, she would not treat her employees the way her former employers had treated her — often insensitively, authoritatively and without regard for her professional or personal development. Today, the 35–year–old entrepreneur owns two employment agencies in West Reading, Pennsylvania — Chris Talarico and Associates Inc. Employment Services and Reliable Personnel Resources — which she runs with the help of 13 staffers. Despite the passage of years and her busy schedule, Talarico still takes her old vow seriously. She emphasizes teamwork and having fun on the job: The boss has been known to reward hard work by sending her whole staff on an all–expenses–paid trip to a day spa or by whisking them off in a chauffeured limousine to Atlantic City, New Jersey, where each employee receives $100 to spend as he or she chooses.
One–on–one email counseling offered through SCORE, "Counselors to America's Small Business." Find a counselor now.
Talarico also believes in acting as a mentor to her staff, guiding their professional development and even taking a hands–on approach to personal problems. When an employee needed an apartment fast, Talarico was on the phone that same day, helping to find her a place to live. "We work like a family here," Talarico says. "I feel that if I work with each person, the team will benefit and, ultimately, the business will grow. Also, helping others can enhance my own skills."
For young entrepreneurs immersed in the daily frenzy of trying to build a business, mentoring others may seem like a frivolous use of time. Besides, aren't mentors supposed to have a few silver threads in their hair and plenty of experience under their belt? Not necessarily, says Chip Bell, senior partner with Performance Research Associates Inc., a Dallas international consulting firm that helps businesses create an environment of learning and loyalty. Entrepreneurs of any age can mentor — that is, help employees to learn. Far from being a time–waster, effective mentoring can give a growing business a competitive edge. Consider it an investment of time and a way to create a solid foundation for the business.
"We are in the middle of a major war for talent," says Bell, the author of Managers as Mentors: Building Partnerships for Learning (Berret–Koehler Publishers Inc., $16.95, www.bkpub.com) and co–author of Beep! Beep!: Competing in the Age of the Road Runner (Warner Books Inc., $24, www.twbookmark.com). "Mentoring is a critical ingredient in every manager's recipe for survival in a fast–changing world of enterprise. It is the most crucial managerial [skill] needed to corner the only market that matters: talent." "Research has shown that mentoring has a major impact on retaining talent," adds Bell. "It is also one of the key things employees are interested in having as part of their employment agreement."
Mentoring involves four key ingredients, according to Bell. They are:
"Mentoring my staff is the most fulfilling part of my job and gives me the greatest sense of happiness and achievement," Talarico says. "I've found that if young people have personality and drive, you can mentor them to out–perform people with 20 years of experience." That's the kind of investment that will soon pay off monetarily and personally.
Author information: Pamela Rohland is a freelance writer from Bernville, Pennsylvania.
Copyright © May 2000 by Entrepreneur.com, Inc. All rights reserved. Reprinted with permission of Entrepreneur.com.
LIMITATIONS. The information contained in this article is for general guidance. Such information is provided on a blind-basis, without any knowledge as to your industry, identity, or specific circumstances. The application and impact of relevant laws will vary from jurisdiction to jurisdiction. There may also be delays, omissions, or inaccuracies in information contained in this site. The information on this site is provided with the understanding that Staples.com and its affiliated entities, and various authors and publishers providing such information are not engaged in, and that providing such information does not constitute the rendering of, legal, accounting, tax, career, or other professional advice or services. As such, information on this site should not be relied upon or used as a substitute for direct consultation with professional advisors. Please refer to our Legal Terms and Conditions for further information.
This Web site is intended for use by US residents only.See International Sites.
See our delivery policy for full details.
Copyright 2011, Staples, Inc., All Rights Reserved.
Questions? Call 1-800-STAPLES (1-800-782-7537) or email us at http://www.staples.com/emailus.