Business Mentoring is proven to be one of the most effective forms of support for new business leaders. It does not involve employing a consultant or even an employee to help run your business. Instead, it’s a relationship between you, (the Business Owner), and someone with business experience (like MGE Business Solutions) that can guide you through making the difficult decisions, point out ways of improving your business, ask you the tough questions and motivate you to want to achieve higher levels of performance.
What are the Benefits of using a Business Mentor?
*A business mentor can help you look at the “big picture”, and help you identify strengths, weaknesses, opportunities and threats that you may have overlooked.
*A successful, growing business brings new challenges such as hiring new staff, raising new capital and entering new markets. A business mentor can offer specific support, share best practice from other industries and sectors, caution against potential pitfalls and instil confidence in your plans.
*A key role of a business mentor is to listen, stimulate and challenge your thinking. This will help you develop your own ideas and arrive at your own solutions to your business challenges at a much faster rate than doing this by yourself. This alone should lead to better decision making.
*Having a business mentor won’t automatically fix all your business challenges. You will still have to do the work and invest the time and effort to implement changes. A mentor will help you set goals and milestones as well make you accountable for delivering on them.
*It is very easy to get side tracked when you run a business, your business mentor will make sure you do the high value work you should be doing and don’t get sidetracked!
*Sometimes when we run a business we can get a little stale and start settling for things. Your Business Mentor will challenge you to go that extra mile to improve standards and to go from good to outstanding! They will help you develop your skills, increase your motivation and be there to celebrate your successes.