Running a small business can be lonely, but a business mentor is there to help and support both you and your business.
What will your Business Mentor do?
We will be there for you, keeping you on track – the challenges, developing your business, making the big decisions easier, the ‘yes or no’ moments and finding the solution to that really tricky problem. Having ‘been there and done it’, their experience will help you make the right decision.
The chief executive of Sage UK & Ireland, Brendan Flattery has spoken about the value of mentoring –
‘We all get pretty stuck in what I call the inside out mentality. We can be quite buried in the details of running our business – this is where mentors come in’.
‘A mentor is someone who can view your business from the perspective of the market or the customer, from the outside, and give you a more objective opinion and see the things you can’t’.
Benefits and Facts about mentoring:
- 70% of small businesses that use a mentor survive for five years or more – which is double the rate of non-mentored entrepreneurs
- 94% of small businesses that use external support have seen the benefits; they are more ambitious and have higher sales.
- 97% of SMEs believe a mentor is valuable, but only 15% currently use a mentor.
If you are a sole trader, it’s really helpful to re-visit your business plan regularly (perhaps once a month), to see if you are keeping on track. If you have a small team, you can hold regular meetings together too.
What we will do
As independent business mentors, we will help keep you focused and ensure that you achieve your goals. We will also be a supportive sounding board for your ideas for the growth of your business and we will give you the opportunity to raise any concerns or queries.
You may think that some of your ideas are not achievable, but talking them through with a mentor will establish whether they are realistic and deliverable and fit with your timescales. Having someone to talk through your ideas with or to create new ideas you may not have thought of is invaluable. If we think an idea won’t work, there will be no point spending too much time discussing it – it’s time to move on!
Being realistic about the future of your business will help keep you one step ahead of your competition, enabling you to grow and succeed. We draw on our own experiences and share our knowledge and expertise with you, ensuring you take advantage of every opportunity but also avoid the potential pitfalls.