Everyone who is managing his own business or aims to get started on the entrepreneurial journey, is always looking for ways and means to ease the process of setting up the business or the growth journey. While we all understand the need for experience we normally tend to get too bogged down with the day to day running of the business and overlook the need for the one secret of entrepreneurial success – mentoring. Mentoring pairs inexperienced entrepreneurs with more experienced individuals who have, in the course of their careers helped themselves or their organizations overcome difficult business situations. While there are a number of ways how mentoring can help you start, continue and expand your business, in this article we are going to focus on helping you improve your productivity and help you understand the need for a mentoring relationship at the beginning and during the course of your entrepreneurial journey. 

A mentor is a person who has knowledge, skills, and experience in a specific field or business domain and is prepared to share his knowledge by offering advice and assistance. Consider Mentoring as a relationship where you get guidance from an experienced professional who is the mentor, and aids you the mentee, in your overall growth both as an individual and a business person. 

How Mentoring Can Improve Productivity in an Organisation

Mentoring has several advantages for both the mentor and the mentee. It helps employees gain a better understanding of the company and strengthen relationships. Mentoring helps mentees succeed by enhancing their performance, developing their confidence, and improving upon their strengths and addressing their weaknesses. Also, it helps a mentee learn and develop more quickly by fostering an information flow that doesn’t always happen organically. Business Mentoring leads to better personal growth, resulting in higher productivity and better focus on the important aspects of business.

Mentoring can help ease the anxiousness and stress business owners typically go through when performing hard jobs or tasks not undertaken earlier. Honestly, it’s quite natural for startups or small SME owners to feel so. A mentor makes you feel comfortable and free to make errors and learn from them. As a mentee this allows you to become more relaxed and productive. With practice under the eye of an expert mentor, you will become better at managing your business and stress levels.

Mentoring draws the best out of people by focusing on individual needs. You become more productive as a result and this results in overall improvement in productivity for self and work too. 

Here are three ways that mentoring can help in boosting productivity:

• Increase in Knowledge Sharing 

Individuals communicate information, skills, and experience through knowledge sharing. It develops leadership, encourages innovation, and bridges knowledge gaps. Individuals become more resourceful in solving difficult problems as information exchange adds depth to your abilities. 

Because mentees have actual support and accountability, mentoring provides an avenue for individuals to effectively share information. Mentees can focus on actively using the newly acquired and processed knowledge to improve their business.

• Developing More Productive Teams

Every entrepreneur needs the support of people on their success journey. Whether these are employees or partners it still calls for need to manage people. A Mentor with experience in setting up a large business or managing human resources can help reduce gaps in getting the team together, setup and introduce a business culture and improve their role as valuable contributors to the business. 

By allowing your teams to leverage your mentor’s experience will ensure the team spends less time uncovering their roles and responsibilities and focuses more time honing critical skills. With a human resource mentor you will be able to take advantage of each individuals strengths and focus in the right direction. 

• Leadership Development 

A mentor will help you streamline you functional responsibilities from those of your team and this will improve your productivity and of your business overall. A mentoring relationship encourages you to become an effective and efficient leader of the business by inspiring you to explore possibilities, take advantage of opportunities and inspire others. 

How can Mentoring Improve Goal Setting in an Organisation

When an entrepreneur or a business leader has clear goals it helps the business reach its overall objectives faster. The future growth plan for the business and the business owners role in the larger scheme-of-growth becomes easier with an experienced business mentor available to foresee and avoid growth blocks. While improvement in productivity is one of the key results of a mentor-mentee relationship it is not possible without goal setting. Every business action and its resulting impact will needs to be measured and analysis of these decisions will help you better understand if you are moving in the direction of your goals.

Mentorships also focus on goal setting for entrepreneurs to assist the mentee in identifying professional and personal objectives as well as long-term plans. Discussing the mentee’s early ambitions and helping the mentee create a path to identifiable and measurable goals is an example of this type of mentoring.

Among the many methods Mentors use to assist with goal setting, some are mentioned below:

1. Make training and development opportunities available.
2. Offer constructive criticism and praise for good work.
3. Assist mentees in aligning their aspirations with the company’s business objectives.

When essential business activities are not properly specified, goal setting can appear incomplete. All defined tasks and activities must meet a minimum acceptable standard of performance in order to allow for control. When setting goals, all of these must be clearly stated. As a result, professional goal-setting widens the scope of mentees’ understanding of methodologies as well as identifying performance standards. Setting goals is vital to business success. As a mentee you must have extensive discussions with your mentor for goal setting and self-improvement.

You may rest assured that business growth mentoring will boost your and your business productivity, improve goal setting and help you get on the right growth path.

Are you seeking Business Coaching or Mentoring Services to improve your business?

As a small business owner or a new player in the market, figuring out everything on your own can be challenging. Working with a mentor to learn the most effective strategies to increase your productivity and setting measurable goals to success can be helpful. This is precisely where Jupiter Business Mentors can make a difference.

The platform connects mentors to the start-up community and small & medium business enterprises so that you can take advice from experienced business growth consultants. 

Avail of the special offer – 90 minutes of free mentoring sessions with any six mentors on the platform.