Women are a vital force in Charlotte’s entrepreneurial ecosystem.
They are starting companies and building businesses and growing successful careers. And now, thanks to the Innovate Charlotte’s Venture Mentoring Service, they are also becoming mentors to other entrepreneurs in the Queen City.
In honor of Women’s History Month, seven accomplished women mentors in the INCLT program share why they give their time and expertise to help others. Each bring a unique perspective and background, with a few common threads running between them.
They are current and former entrepreneurs. They are corporate veterans and industry innovators. And they all understand the true value of the mentorship relationship. It cuts both ways, providing as much wisdom, insight and perspective to the mentor as it does to the mentee.
They’ve Been There, Done That
Julie Bouhuys is a relatively new addition to the INCLT mentorship program, but she has deep experience as an entrepreneur. For 10 years, Bouhuys ran her own investment management company for institutional investors.
“I founded my own company, and I did it around my kitchen table. I had to figure it out as I went along, and it took longer than it would have if we’d known what we were doing,” she recalled.
That’s where a mentor could have filled a void in her business, she said.
“I could see how people would get discouraged. Let’s say someone has a great idea: They’re not in the business of launching a business, and so there’s a great possibility for those ideas to die on the vine or for those founders to run out of money, without help,” Bouhuys said.
Cindy Calhoun was that kind of entrepreneur: a food scientist by trade who decided to open a bakery and deli, with no background in business.
She became involved in the INCLT program because she knows the value of mentorship in pulling you through those challenges. She’s had many mentors throughout her career, but one in particular who was “invaluable” during her stint as an entrepreneur.
“The most important qualities of a mentor are to listen, to lead and to give someone the feeling that they can go to you for guidance,” Calhoun said. “Really, I think it’s an invaluable experience for both parties. It helps me learn and be a better person, to be a better listener and to lead by example. And I always learn something from it myself.”
They’re Down in the Trenches, Too
For the most part, Knowmad has grown and adapted by learning from experience, she explained. In fact, every clause in the company’s contract has a story behind it except one — the one added in on the advice of a particularly powerful mentor.
It was advice that stuck and saved her the heartache of having to learn yet another business lesson the hard way, she said.
“It’s like that old saying: Smart people learn from experience. Wise people learn from the experience of others,” she said.
A lot of times, entrepreneurs struggle to find those people to learn from, that’s why the INCLT program is so valuable, Kidd said.
“It really creates a pathway for entrepreneurs to not have to do that extra work. Instead, they can create space for growth,” she said. “I like to see people grow. It’s what drives me.”
They Know the Value of Mentors
Mic Alexander, founder of Image Wealth Management and business advisor for Mecklenburg County through the Carolina Small Business Development Fund, agreed. Had the INCLT program existed when she first started her family business 35 years ago, it could have been a game-changer. And she believes a core element of the program is ensuring that the mentors include entrepreneurs — those who have been there, done that.
“I really think it’s important to have more than just representation from corporate America. Those professionals are important, too, but you have to have someone in there who has been through the journey of entrepreneurism,” Alexander said. “Mentoring is hard. It’s time, and that’s the most valuable commodity. But I enjoy it. And there’s nothing better than when they show true, genuine appreciation for what you’ve helped them with.”
There’s also a lot to be learned on the mentor side, particularly as part of the INCLT Venture Mentoring Service, said Joanna Beck, founder and CEO of Beck Insights. Mentors are pulled together into teams to offer advice and information. Beck said the insight she’s gained has been vital to her and her business.
“Anyone who has mentored understands that you’re bringing a lot of value, but you’re getting so much more out of it personally,” Beck said.
It’s also opening up opportunities throughout the Charlotte business community, she said.
“There so much here in Charlotte. I liken it to a rainforest. We have the tall trees that provide a huge canopy — Duke, Wells Fargo, Avid Xchange — but there’s a whole ecosystem underneath, at the ground level, that doesn’t have a lot of support. And there isn’t a lot of connection between the two.”
They’re Good at Navigating Traditional Systems — and Disrupting Them
Judith Jeffries spent her career at Carolinas HealthCare System, a huge company where she held a number of different roles — the most important of which being “mentor.”
“Not only am I happy to do that, but I’m always happy to ask and find out where the resources are, where you can get help,” Jeffries said. “I learn. They learn. It’s a great experience.”
That particular skill set has proven valuable as Jeffries has taken on a mentorship role through INCLT. She can provide insight into how entrepreneurs can tap into larger corporate relationships and grow their businesses within the framework of Charlotte’s heavy hitters.
“The politics can be almost heartbreaking, and trying to wade through who you need to talk with and how you need to talk with them can push you to your breaking point,” Jeffries said. “Somehow we have to help them navigate those roadblocks, and I’m happy to do that — because the roadblocks can be ridiculous.”
Lisa Tweardy is familiar with roadblocks. She’s the principal of Kemo Sabe, a consulting firm that helps health care companies embrace innovation and transformation, faster. Tweardy is also the VP of orthopedics for UNYQ, a company using emerging technologies to reimagine orthopedics.
She’s seen firsthand that the key to accomplishing big goals is having the right people in your corner. That’s part of why she was drawn to the INCLT mentorship program. It’s not about working on your business in isolation.
“The team mentoring and the structured approach to both the mentor role as well as the company role is helpful and connecting the right prospects with the right support — and also bringing people together. It’s always better than when you have one individual voice working on it,” she said.
Connecting is What It’s All About
Tweardy has seen a lot of disconnects in the entrepreneurial ecosystem in Charlotte. She joined the program to do her part in bringing people together to solve our common problems.
Olga Ryzhikova, a professional services consultant at RMCSoft, feels that her company also helps to bring people together by supporting Innovate Charlotte’s monthly publications.
“I am proud that we helped create an additional spotlight for these amazing women mentors,” Ryzhikova said.
INCLT is currently accepting applications for companies and mentors looking to take part in the Venture Mentoring Service.
Want to learn more about how to support INCLT? Contact Igor Gorlatov at firstname.lastname@example.org.
Source: Innovate Charlotte