business mentor

What Is A Business Mentor? How To Find The Right Mentor For Your Business?

Kurt GraverBusiness Development, Business Start-up Advice

Business mentoring can provide invaluable support and guidance for business owners and entrepreneurs. A mentor can help you to develop and grow your business and to overcome any challenges you may face.

If you are thinking of starting a business, or are already running a business, then business mentoring could be for you. 

A mentor can help you to clarify your business goals and to develop a plan to achieve them. They can also provide advice and support on a range of business topics, from marketing and sales to finance and management.

Business mentoring can provide guidance, support, and advice you need to take your business to the next level. A mentor can help you identify your goals and create a plan to achieve them. They can also provide advice on topics such as marketing, finance, and operations.

What is business mentoring?

Business mentoring is a process whereby an experienced business person provides guidance and support to a less experienced individual, usually to help them to develop their skills and knowledge. The relationship is usually informal and based on trust and mutual respect.

Business mentoring has many benefits, both for the mentor and the mentee. The mentor can gain a sense of satisfaction from helping someone to develop their career, while the mentee can benefit from the mentor’s experience and expertise. Mentoring can also help to build relationships and networks and can be a great way to learn new skills.

If you are thinking of starting a business, or are already running one, then business mentoring could be a great way to help.

What are the benefits of business mentoring?

Business mentoring has many benefits, but three of the most important are gaining valuable experience, building your network, and improving your business skills.

Gaining valuable experience is one of the most important benefits of business mentoring. You can learn from their mistakes and successes by working with a mentor. This can save you time and money in the long run.

Building your network is another significant benefit of business mentoring. Mentors can introduce you to other successful business people who can help your career. A strong network can open doors to new opportunities and help you get ahead.

Improving your business skills is the third benefit of business mentoring. Mentors can help you hone your

How To Identify If You Need A Business Mentor

You must first understand what type of mentor you need. Do you need a coach, a teacher, a friend, or an advisor?  

Next, you need to understand what qualities in a mentor are important to you.

  • Do you want someone successful in your industry? 
  • Are you looking for someone who has more experience than you do? 
  • Or perhaps you just want someone who shares similar values as you.

If you are looking for a mentor with similar strengths, you should consider finding a peer mentor. Peer mentors tend to be more objective than friends because they aren’t invested in your success. They also tend to be less biased than friends because they haven’t been through the same experiences as you.

How to find a mentor

Several organisations can help you connect with a mentor.

In the UK, the leading mentor platforms are:

You can also start by asking your network of contacts if they know anyone who might be a good fit or reach out to local business experts or associations.

Look into your personal network (phone, address book, Facebook, LinkedIn, etc.)

Ask everyone you meet if they know someone with this characteristic (friends, family, colleagues, acquaintances, etc.)

Research the internet for influencers in that field (practitioners, experts, bloggers, journalists, speakers, writers, researchers, business owners, etc.)

Contact your networks to ask for people with characteristics from their current/alumni networks (schools, universities, former bosses, trade associations, student societies, etc.)

As a rule of thumb, starting with a minimum of 10 names is good. If you can collect over 100 names, it will make the rest of your work easier and more comfortable.

Once you’ve found a few potential mentors, reach out and set up a meeting. During this meeting, you’ll want to know the mentor’s style and whether they’re a good fit for your needs. 

Our Mentoring Solution – SGI Lab

To help you get started, we have launched a new way for entrepreneurs to access advice, tools and support.   SGI Lab combines business mentoring, coaching and consulting uniquely.

Members will get access to premium tools and content, 1 to 1 mentoring, access weekly business support office hours.

Instead of you having to solve all of your business problems by yourself, you will be able to seek advice and support from us.

As soon as you join   SGI Lab, you will start getting actionable advice and tools that you can use to develop and grow your business.

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