The promotion of business mentorships is widespread in the marketplace today. Progressive startup founders, executives and employees have recognized the upsides of mentorships and are looking to venture into some sort of mentorship constellation as, according to guider.com; 71 percent of Fortune 500 companies already have mentorship programmes as of 2020. This is all good and well, but the fact remains that only 37 percent of professionals actually have a mentor (Forbes.com)... Why is that? 

There seems to be a gap between harvesting the upsides of mentorships and actually structuring them in a way that works. Digital and structured mentorships may be a way to fill that gap between upsides and obstacles in order to make way for a much needed rise in business mentorships. 

Physical mentorship programs vs. digital mentorships

Many physical business mentorship programs evolve around several principles one could say is not aligned with how the economy is shaping needs in the marketplace today:

- The rise of home workplaces…

… stirred by the global pandemic and a general need for a decline in physical meetings and gatherings have put a strain on the traditional mentorship programmes. Moving away from the physical mentorship programmes onto digital platforms will serve the demand for social distancing and hence should be in the interest of employers, founders and professionals.

- On-demand accessibility…

… has shaped successful companies for years now. Uber, Spotify, Netflix and other major companies have evolved around making their services as accessible and as on-demand as possible. This is in direct opposition to time-costly  physical gatherings, which are both time consuming and often leaves you with more limited accessibility than a well structured digital platform would be able to provide.                 

- A scarcity of options…

… is a barrier for success and oftentimes physical mentorship programmes offer exactly that. As business professionals we have gotten used to research a vast number of opportunities before deciding on how we want to proceed. Pairing up with a mentor is a big deal in terms of time and effort spent and when options are scars the possibility of finding a perfect match rapidly declines. It goes without saying that vetting numerous mentors simultaneously through a structured digital platform, as opposed to meeting up for physical mentorships programmes is a sure upside.        

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The Heroic Rhino Team