There
are lots of organizations are available today that make business
management coach
available to businesses. Many of these organizations represent the
national business mentoring network which offers around 10,000
mentors. This organization provides both free and paid mentoring.
This is a government-backed service group which was funded by the
British Bankers' Association and supported by the Better Business
Finance Roundtable, which includes the major business groups in the
UK. However, there are various other sources which may help you to
find an experienced business mentor.
A
business
management coach
or business mentor is the person who provides suggestions, guidance
and support in order to successfully run and improve your business.
Professional
business mentors
are experienced enough to act as a guide of an industrialist. They do
their job either via face-to-face meetings or online discussions, or
sometimes a combination of both depending upon the situation. When
you hire a
business management coach,
he/ she stays in regular touch with you through telephone calls,
emails and meetings. His/ her nature of the relationship may either
be casual (for example, a monthly telephone call or an informal
visit) or formal (for example, setting meeting agendas and business
objectives). Not all mentors have to be formally established and
charge any fees. Your family members, friends, and business contacts
can get involved in unofficial mentoring.
Business
mentoring is very beneficial for the people who have a gap in their
knowledge or experience. For instance, a person may have a great
business plan but need little guidance to turn it into a successful
project. A mentor can provide lots of benefits, like:
- Guidance on increasing and improving your business
- New products or services ideas and methods of working
- Help to take tricky decisions
- Access to a network of contacts with other people
- Useful tips for your business that are achieved from practical experience
- Build up key business expertise
- Improve your confidence and problem solving abilities
- Influence your personal development
However,
a business mentor won't resolve all your problems be he/ she is able
to tell you what to do or suggest business advices. Your family
members, friends and even business contacts can provide you regular
flow of information regarding industry developments, news, and
opportunities. Your employees as well as good networking contacts can
share their expert knowledge with you regarding fussy situations. But
only a professional mentor can actually share knowledge with you on
an constant basis.
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