Running a small business is challenging – so much to do, so little time, so many demands! With many owners being sole traders, it can be a lonely role, not just for routine day-day tasks but more importantly for seeing the bigger picture and making key decisions. In this blog we look at 6 reasons to invest in small business mentoring.
Working 1:1 with a Small Business Mentor can provide you with a vital collaboration and support opportunity to help propel your business forward. The benefits are usually measurable not just in terms of strategy, but also in “softer” skills such as critical thinking, resilience and confidence – all crucial to success.
If you are seriously thinking about working with a Mentor, something to consider is Free v Paid. There is no such thing as truly “free” when you’re in business – you will still have to invest time and effort into the mentoring relationship. It’s important to establish whether mentoring available with no upfront cost can address the specific issues you want to put on the table in a way that is tailored to your business. If not, there is no point in engaging with a process that may be too formulaic or homogenous for you to get any real, lasting benefit.
Second of all, participation in a free scheme could mean you have no say in who your Mentor is. If you would benefit more from a personal, customised approach, this could result in little real compatibility with you and your business. Nonetheless, if you are in the very early stages and very strapped for cash, it can be a good place to start.
Here are 6 reasons why you should invest in small business mentoring:
With so many demands and priorities to manage in a small business, a mentor will help you to identify and focus on what’s truly important
Working with a Mentor will give you an aerial view of what’s happening in your business and how it all fits together
With the support and encouragement of a Mentor, you will gain more belief in yourself and what is achievable
Mentoring can help you discover new ways of managing challenging situations to help see things through
GOALS AND OBJECTIVES
It’s easier to plan, set and monitor goals that are specific to your objectives when you have mentoring input to structure and keep you accountable
PRACTICAL SKILLS AND COACHING
As most Small Business Mentors will have been there, done it and worn the t-shirt, you will often benefit from “hands-on” experience and 1:1 skills coaching. This can often result in a leaner, more productive approach.
WHAT OTHERS ARE SAYING ABOUT OUR MENTORING PROGRAMMES:
“Mentoring has built up my self-confidence through praise and spotting my strengths and weaknesses. Inspiring me to go out there and tackle bigger businesses with bigger budgets”.
“Being my own boss, a mentor allows me to have somebody there to hold me accountable”
“Supportive, honest and encouraging mentoring. I trust Christine’s advice 100%. She has guided me through many tricky situations and helped me to see things clearly”
Looking for more information on Business Mentoring? CLICK HERE TO ARRANGE A CHAT