Kathy Korman Frey

    Power Plays for Women: 5 Mentors

    Posted June 22nd, 2011 by

    Cross-posted from The Hot Mommas Project Blog

    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.

     

    Related Posts Plugin for WordPress, Blogger...
    * * * * *
    Posted Under: Uncategorized
    Permalink

    2 Comments

    June 23, 2011 at 12:57 pm by Annie

    Mentors help you expand your knowledge through their experience. I thing one can never have enough of them.

    [Reply]

    Kathy Korman Frey Reply:

    @Annie,

    So true. Mentors and role-models are truly key to a woman’s success—and there’s plenty of research to prove this. Mentored women are more confident and are therefore able to reach higher in their careers. So, really, the more the merrier here. (Well, within reason of course—ideally you want the quality mentor rather then a mass quantity of mediocre ones). That said, our research at The Hot Mommas Project does indicate that a woman can have too few mentors, and that it’s having at least five that will make the difference to carry her to the next level in her career.

    [Reply]

    Leave a Comment

    Your name is required
    An Email address is required

    Notify me of follow-up comments via e-mail