Building a relationship with a mentor can have a positive effect on your business, whether you are just starting up or are already established. A mentor can help you develop important business skills, support you in making important decisions and put you in touch with useful business contacts
(I am a business mentor to several business ventures and I have seen this make a huge difference – Contact Saeed@accountancyplace.co.uk or tel 07904438688)
There are many benefits of having a business mentor both for your business and for you personally. Everyone gets something different from having a business mentor, so I have summarised below some of the many benefits so that you can see the ones that may be relevant to you:
A confidential sounding board. It can be very lonely running your own business, as you have very few people who you can turn to for general business and personal support. A business mentor will be your confidential sounding board, focusing totally on you, listening to you, discussing your business with you, sharing the successes and challenges with you and supporting you in achieving what you want to achieve.
Enable you to work 'on', not just 'in', your business. A business mentor will help you to step back from the day to day of running your business and take the time to look at your business overall and from a wider and different perspective. This will help you to consider your business strategy and how you want to move your business forward.
Maximise business and personal performance. Working with a business mentor will help you to maximise the performance of your business and your own personal performance in the business. A business mentor will help you to improve your business results, improve your efficiency and maximise your potential.
To bounce ideas off and to help you work out creative and innovative solutions. You may have lots of ideas about your business but you want to discuss these with someone with good business knowledge and experience. You may have a business challenge that you want to work out the best way of moving forward with. A business mentor will support you in looking at the different options and ideas, share their own ideas with you and help you in deciding what to do.
Become more focused and productive. Seeing a business mentor on a regular basis will help you focus on the most important issues and become more focused and productive, through regular reviews of what you want to achieve, where you are and agreeing the next steps and key priorities going forward.
Provide support and motivation. In the stressful and challenging times, when your business is going through major change and at many other times it can be very difficult to keep on top of the business and not to get stressed and de-motivated. A business mentor will provide the reassurance, support and motivation that you need.
Challenge you and expand your beliefs of what is possible. A business mentor will ask you lots of questions and challenge you. This will help you think more widely about your business, look at things from a different perspective and expand your beliefs of what is possible.
Increase your business knowledge and experience. Business mentors work with all sorts of different businesses on a wide range of issues and have accumulated lots of business knowledge and experience themselves. A business mentor will share this knowledge and experience with you, which will widen your own business knowledge and experience.
Support you to achieve your objectives. It is your business and you decide what you want to achieve and how you are going to get there. A business mentor will support you to identify what you want to achieve, in planning what you need to do, in achieving your goals and in making things happen in your business.
Understand yourself better and improve your relationships with others. Having a business mentor will increase your self awareness, your confidence and your self esteem and will also help you to improve your relationships with others.
Support you with a wide range of business challenges. A business mentor will support you with all areas of your business. These may include profitability, sales and marketing, operations, finance, strategy, planning, productivity, staffing, time management, handling stress better, management, leadership, decision making, communication, relationships, handling change positively, business growth, achieving work/life balance, establishing priorities, starting a new business, restructuring, implementing major changes and many other business challenges.
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