Mentoring Program Criteria Yes or No!

Mentoring program

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Following is an article which you may be interested in if you are considering a mentoring program in the first place.

The recession has hit nearly every family throughout the world and in many cases people who have reached the peak in their business, have also suffered. They do, however, have the experience of running a successful business in the first place. With that in mind, my question is, should we be concerned that, although they had a thriving business and lost it, they then want to go on to mentor others in their own private and very likely expensive mentoring program on how to run a successful business?

I leave it to you to make up your own mind.

It’s a remarkable turnaround for Mr Ha, who featured on the 2007 National Business Review Rich List with an estimated fortune of $60m.

The property mogul and thoroughbred horse owner rose to wealth through his real estate business and investment coaching. His 12-month Elite Academy mentoring programme cost $25,000, with each class containing 40-50 clients, a staff member told APNZ.

Mr Ha rose to prominence in the racing industry in 2007 when he paid $2m for a yearling filly from star stallion Zabeel.

But in 2010 he lost a Court of Appeal bid to overturn a ruling that he had to pay New Zealand Bloodstock Finance $2.2m after a horse sale wrangle with two prominent trainers.

Mr Ha was bullish today (Monday), saying the setback was an opportunity to “restructure” his business plan and would make his advice more valuable.

Although his mentoring programme had ended and he was focused on buying and selling real estate he had plans to develop his coaching _ and his experience made his advice more valuable, he said.

“I have something big for mentoring in the new year but I can’t say what it is _ it will be worldwide. The experience is everything.”

But Property Investors’ Federation president Andrew King said the mortgagee sales served as a warning to potential investors seeking advice from people who advertised as mentors.

There are many mentoring programs available worldwide, particularly via the internet and anyone looking should ensure that the person they are buying such a program from is truly qualified.

I, for one, would love to see Mr. Ha become successful enough again, to show by example, in his new mentoring program.

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