What is Business Mentoring
Business mentoring is a relationship between you the entrepreneur, (the mentee) and someone with business experience who is willing to act as a guide (the mentor). The business mentor offers advice, guidance and support to help you run and improve your business.
It can involve face-to-face meetings or online discussions, or a combination of both, depending on which arrangement is best for both parties.
Formal and informal mentoring
As your mentor we will stay in regular contact with you through meetings, telephone calls and emails. The nature of the relationship may vary from being fairly casual – eg a monthly telephone call or informal visit – to being more formal and structured – eg setting meeting agendas and business objectives, dependent upon your requirements.
The Benefits of a Business Mentor
If you have limited experience or a gap in your knowledge, then mentoring could be very effective for you. For instance, you may have a great idea for a business but need a bit of guidance to turn it into a successful venture.
As your mentor we can provide you with a number of benefits, which include:
- guidance on developing and improving your business
- help with difficult decisions
- ideas for new products or services, or ways of working
- tips for your business that are gained from practical experience
- access to a network of contacts with other people
We will also help you to:
- develop key business skills
- improve your problem solving abilities
- build confidence
- work on your personal development
However, a business mentor won’t sort out all your problems for you, tell you what to do or offer business advice. They don’t act as consultants or take the place of any existing professional advisers. There are two types of options face to face and online mentor services, which we will look at in a little bit more detail.
Face-to-face business mentoring
If you choose to get involved in our face-to-face business mentoring, mentor and mentee need to agree on:
- the levelof involvement you want
- the degree of structure you want
We will need to agree on the level of involvement that suits us both. In most cases, a mentor will not have day-to-day involvement with the business. Instead, they’ll provide help every few weeks or months which could take the form of phone calls, emails, meetings, etc.
Degree of structure
We will also need to agree on a level of structure that suit us both. Mentoring can be a very formal and structured process with regular meetings which follow a specific agenda and set of goals. It can also be quite a casual arrangement, where the mentee calls on the mentor as and when problems or questions arise.
Online business mentoring
Online business mentoring or ‘e-mentoring’ is an interactive, remote relationship between a mentor and mentee. Some mentoring relationships can be exclusively online, while others can involve a mixture of face-to-face and online contact.
This type of mentoring is popular with people who prefer a more informal mentoring relationship. It also works well when it’s difficult for mentors and mentees to meet face to face, eg for geographical reasons.
It often involves programmes such as Skype which can allow interactions between people an pc’s to allow for a interactive experience.
All of our prices are bespoke and will be decided with you once we have made assessed your needs and requirements and which programme you are interested in. Below is what a full business mentoring cycle would include from enquiry to end of programme.
If you are interested in talking about how business mentoring could help you and getting a quote then fill in the contact form below with information about yourself, your business and what programme you think you’d be interested in.