Now some of you reading this may wonder what I'm on about. After all isn't a mentor simply someone who teaches? That's a common answer but it is only partially right. We all had teachers in school but a mentor is a much more personal relationship.
Instead of just passively teaching and the student passively receiving, both must make a concerted effort. It is the student's job to take what he learns and truly apply it. It is the mentor's job to ensure that the student truly understands the material presented to him and is not just going by rote memory. It is the mentor's job to continually test the student's understanding and commitment by challenging both his work ethic (after all if you're not going to use what you learn and stick to your goals, why bother) and the way the student markets.
It is also the responsibility of BOTH the participants to get to know one another. In the case of the student, he or she should get a sense of how the mentor teaches. Relaxed as if you were old friends? Distant? Or some other way? It is also the job of the student to have clearly defined his or her goals and aspirations as this will help the mentor accurately put together a plan of action and teaching.
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It is the job of the mentor to be available to his students. Period. Now, this does not mean 24/7 availability, but during normal working hours should be expected. If the mentor and student are on different continents, then some arrangement must be worked out and adhered to as well.