#5 Power Plays for Women: 5 Mentors

Posted on December 11, 2010 by

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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.  In the next few posts, I share highlights of these tips with you.

 

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.  (1)  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 why I created the Hot Mommas Project, world’s largest library of virtual mentors and role models).(2)

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 #sisUdc this past fall. Here’s a preview:

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.

 

Please help us, and share here: Is mentorship on your radar screen?

The secrets for building your group of 5 (or more) are next! And, also stay tuned for this concept of “5” in depth in my upcoming book. Write here, I may interview you about your mentor experience!

 

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Want more?

  • This is part of the “Power Plays for Women” series delivering tested, high-value facts based on research. To learn more, sign up for our monthly newsletter by emailing us here.   (Other posts in this series)
  • Other ways to get involved: Know a dynamic woman over the age of 18? Nominate her to share her story and lessons,  and have a chance to get published in a major Prentice Hall Textbook. Nominate a dynamic woman HERE. Browse winning cases HERE.

ABOUT: The award-winning Hot Mommas Project is housed at the George Washington University School of Business, CFEE.  On January 31 of 2010, the project became the world’s largest women’s case study library providing free, online, global access to stories of female role models and mentors.  The result? Measurable increases in self-confidence and success among women age 18 and older. Get on our mailing list by emailing us (periodic updates, no digital harassment). We teach women all around the world both in and out of GW.


If this post made you think, or helped you, please do us a favor and leave a quick comment


 

(1) Blickle, Witzkia and Schneidera. Self-initiated mentoring and career success

(2) Cox, L., Mueller, S., & Moss, S. (2002). The impact of entrepreneurship education on entrepreneurial self-efficacy. International Journal of Entrepreneurship Education, 1, 2

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