What are the benefits of a mentor?
Are you new in business, or looking to take the next step and grow your business? Working with a mentor, who has extensive professional and business experience, can help to provide guidance and support for you and your business.
There are so many benefits of having a mentor. Not only can they provide you with the guidance and support you’re looking for, but they’ve
‘been there, done that’. They’ve had their fair share of success and failure, and they’ve made it out the other side. A mentor can help you
to avoid some of the common mistakes that many business owners fall into, and help you with experience that can’t be found in a textbook.
What is the difference between a business coach and a mentor?
Many people often get confused when they hear the term business coach, or business mentor. But they are in fact quite different. Let’s look at some of the main differences between a business coach and a mentor.
A business coach:
- • asks a lot of questions so that the people can identify their own solutions
- • doesn’t need to have specific experience in the field or industry
- • can identify a game plan and keep the business owner accountable and drive outcomes
- • many coaches only have theoretical experience and have not owned their own business
In comparison, a mentor:
- • has more hands-on business experience
- • can provide proactive guidance and solutions if you are falling behind, feeling stuck or like you are constantly hitting roadblocks
- • often acts like a sounding board for your ideas
Why is having a mentor in business important?
Being in business can be lonely, particularly if you are a sole trader or run a company on your own. Sometimes simply having someone who can act as a sounding board for your ideas, or to flesh out problems with, provides a huge benefit to your business.
Over the course of your business ownership or professional life, it is very common for you to have several mentors.
If the mentor relationship is effective, your personal and professional development should get to a point where you have evolved sufficiently that the intensive mentor connection is no longer required. A good mentor will understand this and identify that the person has grown beyond the skills and experience they can offer.
This will usually lead to a change in the relationship and in many occasions result in the creation of a lifelong friendship.
How to choose a mentor?
Choosing a mentor is usually based on the following criteria:
- • the stage of your business (are you are a start-up, or about to level up into a growth stage?)
- • specific industry or business experience that a mentor can provide?
- • a good connection - will your personalities work well together?
- • trust and respect - conversations can get quite personal, so it is vital that you have a high level of trust and respect for your mentor (and vice versa)
- • are they compassionate?
Finding a mentor that fits the above criteria, yet can still remain objective is essential. After considering the above criteria to help you
choose a mentor, the next step is to find a suitable business mentor.
Are you ready to change and evolve with the help of a business mentor?
Before you start looking for a mentor, it’s important to understand where you are in your business journey and what you need support with.
If you’re ready to take the next step, contact us today to explore how the right mentorship can help you navigate challenges, gain valuable insights, and accelerate your business growth.
Date Posted: Apr 25 2019
