Business mentoring is when an individual with entrepreneurial business experience serves as a trusted, long-term confidante for someone who is starting, or even running, a business. Mentors can range in age, gender and background, but will always look to provide you with the right guidance to help you and your business succeed.

Now that you know what business mentoring is, let’s get into how it can help you when starting, running, or growing a business.

Learn from their successes…

Whether you’re starting, running, or growing a business, you are faced with multiple decisions each and every day. Mentors for business can increase the level of effectiveness in your decision-making. After all, they are professionals who have succeeded for a reason. They’ve often done things right, made correct decisions, and developed key insights based on their professional experiences, which you’ll have access to with business mentoring.

And learn from their failures!

There are very few mentors for business who can say they have never failed. Those undertaking mentoring for business have likely gone through their fair share of failures to arrive where they are, whether it is in their current business or a previous one. As we know, 80% of businesses fail in their first year. By taking advantage of their key insights, you can reduce the level of risk you undertake when making a business decision. This helps you learn faster and easier than if you were doing it alone.

Business mentoring can be service-specific

Often when we’re starting a business, running one, or trying to grow it, we find ourselves in a position where we’re stretched, physically and mentally. We take up roles that we might not be experts in, or familiar with, because hiring a specialist, or outsourcing, can be too expensive. Consider the option of finding a service-specific mentor, such as someone to help with marketing strategies, business planning, financial consulting, HR consulting, legal consulting, sales consulting, and so on.

Expand your network

An individual who is involved in business coaching or business mentoring is likely have a strong professional network on which they can call upon to help you start, stabilise, or grow your business. Remember that this is a relationship based on trust. Mentors for business put you in touch with people who respect them, and vice versa, and will therefore expect a level of commitment and professionalism that will sustain and enhance their reputation. If you can keep your end of the bargain, there will be people out there that can definitely help you take your business to the next level.

Business mentoring vs business and entrepreneurship courses

We’re going to let you in on a little secret. Business mentoring can be as good as a business development course. The best bsiness and entrepreneurship courses are often taught by experts who may have never really started or run their own businesses, with the curriculum put together by the course experts, or similar, experts. Unfortunately, they can be quite expensive, time-consuming, and, at times, not practical enough. Business mentoring can bypass these hurdles with the specific results as desired to your particular business. While Courses are very general – Mentoring are very specific and tailor made to address your specific need.

Sign up here https://jbm4u.com/#/registration/mentee to avail up to three FREE online, 1-2-1 mentoring sessions with any of our experienced mentors – and start, or grow, your business today!