MENTORING
The difficulties of being a small business owner
Most business owners find running a business stimulating and challenging: but many find the decision-making process a lonely and difficult one. Some owners realise that their skills are technical rather than administrative, strategic or financial; whilst others might just need someone to act as a sounding board for their ideas.
The mentor solution
In all these circumstances, an experienced mentor could be a sensible solution to the small business owner's dilemma, which is how to get senior management advice and assistance without having to bear the cost of full-time managers, or without taking on equity partners?
What a mentor does
The right mentor brings business experience and objectivity to your business. He can provide two distinct levels of guidance:
- Help based on his personal knowledge and business experience.
- Access to other sources of advice, guidance and assistance that the entrepreneur would not have known about.
Importantly, business owners can choose the mentor that best complements their skills, or fills in the management and professional gaps within their business.
The advantages of a mentor
- With a mentor, owners have complete management flexibility without the disadvantages of having another director, partner or shareholder in the business.
- The business owner has an experienced person on call to guide him, or her, along the road of what is needed as the business develops.
- A mentor can bring formality and structure to meetings and decision-making that are often lacking in business partnerships based on family ties or friendships.
- A mentor can bring fresh, objective thinking into the business, helping to expand the knowledge and experience base of the full-time executives.
How we can help
We can provide you with expert mentoring on all aspects of your business's growth and profitability, either on an ad hoc basis, or on a longer-term contract basis, whichever best suits your needs.
Our specific areas of expertise include:
- Operational management
- Financial management
- Risk management
- Strategic planning and decision making
- Company/director legislation
- Marketing
- Exit strategy planning
- Dispute resolution
- Corporate rescue
- Insolvency and reconstruction
Contact Us
As a senior government advisor recently put it: “Entrepreneurs tend to be brilliant at production, okay at administration, woolly at marketing and hopeless at finance.” This might be you, or you might feel you are not too strong and need help in some other areas. Just click on, complete and send us the enquiry form below and we will contact you for a free, no obligation discussion to explore how we might help you grow (or save!) your business.
