Power Plays for Women: 5 MentorsPosted June 22nd, 2011 by Kathy Korman Frey
Today I’m sharing some of my research for the first time. I have proof that women not only need mentors, but also HOW MANY they need. The short answer: The number is 5. How to think about this, organize yourself, and find these mentors is a huge part of what is discussed in my Sis U seminars for women, and that I teach to my students at the George Washington University School of Business.
Not 2, not 3, not 4, but 5
First of all, Samantha and her buds had it all wrong. There are MARKED differences in women who have between zero and four mentors, and those that have five or more mentors. Four for cosmos….great, for career achievement…not so much.
People with mentors are more successful
First things first. Mentors ARE very important. From the halls of academia we know that individuals who seek out mentors go higher up the ladder and are paid more. In the mainstream, we heart Keith Ferazzi for emphasizing the importance of close, lasting relationships in Who’s Got Your Back.
But how does this apply to women? Is it different for us? YES.
From the halls of academia, Cox, Mueller, & Moss tell us that women and girls are more likely than men to limit their career choices due to lack of confidence or, more specifically, self-efficacy. Guess what RAISES self-efficacy? Exposure to mentors and role models. (P.S. This is the reason for the creation of the Hot Mommas Project: The world’s largest women’s case library – aka – teachable virtual mentors and role models).
How MANY mentors do women need? 5 is the magic number
A study from the Hot Mommas Project (with support from GWSB’s Center for Entrepreneurial Excellence) shows us, without question, that five is the magic number. Working women with five or more professional mentors:
- Shoot higher: Women with five or more mentors are SIGNIFICANTLY more driven than their peers with 0 to 4 mentors.
- Think bigger: Women with five or more mentors are more confident about their abilities to achieve a big dream or goal.
If self-confidence and self-efficacy are problems for women and girls, then mentoring is one clear solution. So how do we get some of that confidence and drive which make us more successful? Stay tuned for upcoming posts where you’ll learn some special tips shared at our Sisterhood of Success® Academy this past fall.
Millionaires have 5 or more mentors
Did you know some of the world’s most elite entrepreneur organizations are anchored in peer mentor groups containing - you guessed it – five or more members. These folks are all millionaires and, clearly, they have some things figured out.
Is mentorship on your radar screen
The secrets for building your group of 5 (or more) are next.
Hot Mommas® = Dynamic Women
We are the world’s LARGEST, award winning, women’s case study library. Your stories + our teaching tools increase confidence up to 200%.
- List: Join the Sisterhood of Success (dude? Check the Men’s Aux box) here.
- Nominate: An inspirational woman in your life to share her story here.
Our venture is led by the instructor of Women’s Entrepreneurial Leadership the George Washington University School of Business, CFEE. For bite-sized versions, see our “PowerPlays” series on this blog.