Sounder SIGN UP FOR FREE

How to Use a DEDICATED MENTOR to 10x Your Progress (Third Door Strategy)

ABOUT THIS EPISODE

The 10 Minute MBA, is a no-fluff weekly podcast that teaches you practical business lessons you can use to grow your business immediately.

For more business case studies, tactics and insights, make sure to subscribe to my youtube channel (youtube.com/c/scottdclary).

Tweet Me: https://twitter.com/scottdclary

Welcome to the ten minute MBA. I'm your host, Scott D clary. On the ten minute and BEA. I give you tools, tactic, strategies, insights and tips that you can use to start, scale, grow and en x Your Business. Let's get into it. They I want to talk to you about mentorship and walk you through a couple stories of how a mentor can really help take you to where you want to go and your career and your business. So I recently had the pleasure of sitting down with Alex Banyon on my podcast and this is where this topic came from. Key is Alex is one of the youngest best selling authors in the history of the US. He at eighteen years of age, he set out to interview some of the world's most successful people. His goal was to figure out exactly how they got to where they are. So he published a book about his findings, the third door, which is a best selling book, and part of that book was walking through what a concept called the third door, and the concept of...

...the third door is as follow so there's sort of three ways to get to where you want to go in life. You can take the front door, which is what everybody takes, usually you go to school, you put your time in at work and then eventually you'll get the promotion or to just grind it out long enough that hopefully you'll be successful, and that's very energy draining and time consuming. Then there's the back door, which is, for example, you have a father that works at the company and he gives you a job. But what Alex is speaking about in his book is there's actually another option. There is the third door. It's not the front door, the back door, the first or the second door, but the third door, the other way to be successful, that is out of the Bob outside the box way that somebody has never thought of before. That usually requires a little bit of creativity, hard work and just figuring shit out, and this is what the book is all about and this is where this story about mentorship comes from. One particular story in the book is how Steven Spielberg got to where...

...he is through using a third door strategy, and Steven Spielberg's particular third door strategy was mentorship. And I really do believe that almost anybody can leverage mentorship or connections or networking to expedite their success in life and ultimately have access to that third door in whatever they want to achieve or wherever they want to go. So let's go into this story about Spielberg and how we leveraged a mentor and, ultimately, a third door to become the Spielberg that we know today. So, as a child, Steven Spielberg was hell bent on becoming a director, but like many people who were eventually successful, he didn't get off to the best start. In fact, he was outright rejected from film school and after applying for a second time and being rejected for a second time, Spielberg was out of crossroads. He could either choose to continue down the path of becoming a film director and figuring out a way to get it done,...

...or he could give up. A lesser person, after being rejected from film school twice, probably would have looked at another career path. But instead of finding a different career or going a different direction, Spielberg decided to take his education into his own hands. So this is the story. And nineteen years of age, very young Spielberg traveled to Universal Studios in Los Angeles and he takes this tram ride tour where he hops on a trolley and they speak about different film sets and all the different studios in the history of Universal Studios and it's going through all the different stages and filming sets and instead of finishing the ride, he jumps off midway through the ride and begins to wander the film studio on his own. And this is when Spielberg meets the man who would later become his mentor, Chuck Silver's. Now, who was Chuck Silk? Chuck was it a head of universal television at the time when Spielberg was taking this tour. So Spielberg started speaking him and after speaking with Spielberg for a few hours, silver's wrote Spielberg a three day past come back and spend time...

...in universal studios offices, speaking to other prominent industry professionals and exploring the space. And although his three day pass expired after three days, Spielberg didn't stop coming to universal studio. So he kept sneaking in past security and they always tried to stop him and he always found a way in to wander universal studios, sometimes spend time with chucks silver's, sometimes just meet as many people as he possibly could. But he was determined to be in that particular studio and make his place there. And after several months of unofficial in turning at Universal Studios, silvers became somewhat of a mentor to Spielberg, and this is when he would receive his first hard piece of advice from silvers, and this particular comment was the catalyst that would kick start his rise to infamy. Silver's gave...

...him advice. Gave Spielberg advice something along the lines of there has to be a time in your life where you stopped smoothing and you create something of value in order to show people what you can do. So don't come back onto the lot until you have a short film of quality that you're proud of to show me. Spielberg took that advice to heart and then some, and he spent the following months filming and editing the short film Amblin, and he worked tirelessly on this, perfecting it as much as he could possibly perfect it before finally taking it back to chuck silvers. And when he showed it to chuck silvers and misses from Spielberg's own mouth, a single tear came down chuck silver's face, and that was the beginning of the rest of the story. And I'm sure you're aware, Spielberg became an astronomical success. His stint in the offices of universal studios was undoubtedly the spark that Cot. Now I want to...

...touch on part of the story that was highlighted to me by Alex during the podcast interview, the role of a mentor in Spielberg's success. Alex put it very succinctly. Yes, he had the courage to jump off that bus, yes, he had the honesty to tell the truth when he met Chuck Silver's and yes, he had all these different things, but to me it was his ability to make that relationship with Chuck Silver's that inside man, because without Chuck Silver Spielberg would have never had that three day pass, he never would have gotten the good advice that he needed to hear and he never would have had somebody at the level that Chuck Silver's with at Actually Watch his film, give him feedback and essentially start his career. But as it turns out, Steve Spielberg's story was not an isolated case. While Alex would interviewing all of these incredible successes for his book, he found other very similar stories. Steve Jobs was a mentor to mark Zuckerberg, advising him on how to continue pursuing his vision when faced with difficulty. Richard Branson found a mentor in Sir Freddy...

Laker when he was struggling to launch Virgin Atlantic, and my Angelou advised Oprah Winfrey on relationships, trust and the significance of how people act towards you. Open attributes her success to Maya. So what exactly is the common theme? What makes mentorship the hallmark of a good celebrity success story? Well, mentorship is that third door. Mentorship is the way in which you expedite your learning. As a definition of Mentorship, a relationship with a more experienced or senior professional and when that more experienced person helps junior professional or less experienced individual, will develop their skills and their knowledge. That is the pure definition of mentorship. But what is it really mentorship isn't a sign of weakness or an adequacy because you don't know everything. It's a sign of strength and entrepreneurship. It shows that you're not only willing to learn and grow, but they you're also open to accepting the help of others who have been where you want to go.

Being mentored by somebody who is more experienced than you is one of the most important keys to success in any field. A Good Mentor can help you navigate the waters of your industry, give you access to insider information and help you build a relationship with the right people. Mentorship is one of the oldest forms of learning there is. Spielberg is thriving because of it, and if you want to see your potential come to fruition, it's time to hop on this mentorship bandwagon. It's time to go through that third door. Here's a couple stats if you don't believe me. Only thirty seven percent of people actually have a mentor, despite the seventy six percent that believe that having a mentor is important. People who are mentored in there's careers will be promoted five times more often than those without a mentorship. Of The fortune five hundred companies, seventy one percent and incorporate mentorship programs into their business strategy. And, most importantly, ninety percent of people who are mentored will go on to mentor others...

...in the future. The facts are there. All you need to do is find yourself a chuck silver's. But the most important thing is where to find a mentor. Believe it or not, you don't have to sneak in the Universal Studios to find your mentor and, if you're lucky, it may turn out that your mentor somebody that you already know. The most important thing when you try and find a mentor and you try and accelerate your growth is, number one, that they've already done the thing that you're trying to do, and number two is that you are aware that you don't need one mentor for every single thing in your life. You can have multiple mentors. You can have somebody that helps in one particular area of Your Business, you can have somebody that helps in your faith, in your health and wellness and wellbeing, your relationships. There isn't one person who you should listen to for everything. Find the people that have been where you want to go, that have done it, not just people that preach about it, but people who've actually done the thing, and then be aware that they can be multiple mentors in your...

...life. They could be multiple people that are helping you reach that desired outcome, because who you are as a person is not a single is not a single identifier or feature. Who you are as a person is multifaceted and the people that you listen to also have to emulate that. They have to be a grouping of people, not just a singular so as you go out into the world, as you have conversations, as you network, as you build your as you build your community a look for these people, look for people and then build relationships with them. You don't have to go into every conversation with a mentor in a transactional way. Not every single thing has to be, oh, I need you to formally mentor me, but always be aware and always be looking so that when these people do appear in your life, you will listen to them and you'll look for their guidance and, of course, if you have trust with them and you both a great relationship with them, you can ask them to become maybe more of a formal mentor. But you don't always go into a conversation or mentorship relationship. So transactionally, it's...

...something that starts to form over time. Remember, a mentorship at the end of the day, is really just a friendship with somebody who knows something that you don't and you want to learn from that person. These are the best kinds of mentorships. And then, of course, if that person is a friend, somebody you can trust, then you can take it to the next level and you can formalize it a little bit more. And, in closing, mentorship will not get you everywhere that you want to go on its own, but it will give you one hell of a head start and if it's paired with a little bit of passion and determination to succeed, like Spielberg, like Zuckerberg, Oprah and the rest. Mentorship is just one piece of the proverbial puzzle, but it is an integral part of your eventual success, as it was for all these incredible individuals. And always be aware that you do not have to figure out everything for yourself. People have done it before. So your action items be aware of what a good mentor is and what a...

...bad mentor is, be aware of where you lack or where you're looking to level up or upskill, and then start to have conversations with people and pay attention to the bonds that you form with these people, the relationships that you build with these people, and see if they're right for that mentorship role in your life in that particular field. Anyways, I hope you enjoyed my little chat about mentors, the third door, Steven Spielberg. It was an incredibly inspiring story. I love learning how people have done these things before. I hope that benefits you as well. If you like this video, hit that like button, hit subscribe and please leave a comment. What else do you want to learn? I'll definitely get to it. I'll do a video. Have a great day. We'll talk to you.

In-Stream Audio Search

NEW

Search across all episodes within this podcast

Episodes (50)