Business mentoring can be a powerful experience for both mentor and mentee and requires a real commitment from both parties to succeed.
What is Business Mentoring?
Mentoring is a One to One relationship between an experienced business professional (Mentor) who shares knowledge, skills and experience with a less experienced business owner to assist them to grow and develop both their personal and professional capacity to become a more successful business manager.
What are the benefits of Business Mentoring?
The benefits can be considerable across a wide range of business aspects and are as individual as the business owner undertaking mentoring. The knowledge and expertise the Mentor imparts to the Mentee will enable the Mentee to make better and more informed decisions and develop their business in a manner that would not be possible without the guidance and leadership of experienced Mentor. The benefits can be financial, they may be personal in nature through improved income and leave taken, and if may involve substantially better working relationships with colleagues and employees. Our experience is the benefits are cumulative over time and reward the business time many times over as their business experience progresses.
Mentoring Sessions are short, well structured and concise sessions which we have found to be most effective in terms of results, time and cost, all important considerations for SME owners.
Mentoring sessions typically will discuss and address your business issues, provide shared knowledge and experiences and hold you accountable for taking clear, decisive action and resolving issues. The focus of our mentoring is business development to ensure you have a sound model and strategy with a high probability of success.
The focus of mentoring is business development and personal development to ensure a sound model and strategy with a high probability of success.
Skilled mentoring includes conducting a ‘business health check’. This will assist in diagnosing how well your business is performing, and by gaining practical support on a wide range of issues, you will benefit greatly from an objective, outside perspective and be able to take your business to the next level.
Of paramount importance throughout the mentoring process is having direct access to current, reconciled financials and detailed management reports to provide insight into really happening inside your business.
Action steps to take today
Talk to a Business Advisor!