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What Does A Business Mentor Do?

Businesses across the globe are seeking creative and proactive leaders to assist them in their quest to grow their businesses. If you have a business or organization that is looking for someone to provide these mentoring services, find the right person to match the qualities listed below. Be honest with yourself about whether or not this person can help you grow your business. This person will be trusted and will receive your full attention. Here are the traits of a great business mentor:

  • Proactive – Leaders take action to create change and grow their businesses. They do not wait for others to act. They have an overall goal for their company and are willing to go out of their way to make sure it stays competitive. A proactive business leader knows they must raise their productivity so productivity comes from being productive and using their time wisely. They know they must learn new skills as well so staying current on industry trends helps.
  • Inspirational – People always look to others to follow. A good business coach can inspire others to be more successful. An inspiring leader knows there is more to learn about a situation than just the result. They see that even an experienced business owner can make mistakes. They learn from those mistakes, continue to improve, and then never make those same mistakes again.
  • Motivational – People want to be around someone who is succeeding. If you can help them grow their business by developing and strengthening their leadership skills, they will be inspired to achieve more for themselves. You can also help them grow by providing them with additional training if needed. A person needs to know they can count on you when they need to be successful. The motivational leadership of a business owner is contagious!
  • Creative – When you help a business grow, you help it to be more creative and thrive. A creative business leader is one who sees the opportunity in every challenge. They can think outside the box and come up with creative solutions to any problem. Creativity is the backbone of any business that wants to grow and succeed. If you can provide that leadership, others will follow you and your business will grow as a result.
  • Controlling – You can help others grow their business by being in control of it. This includes knowing how to grow your business, what to do and when to do it. The more control you have over your business, the more you can grow it. Those without the ability to control their businesses usually depend on others for their success. Knowing how to grow your business and having the ability to control everything will motivate others to follow you because they see their success as their own.
  • Money – A mentor will never ask for money, but they will require time. It is important to grow your business with as much help as you can get. You will need to be able to grow your business and then be able to grow it even more so before you ask for some help. Without enough support from a mentor, you may not be able to grow your business at all.
  • Leadership – You have to lead yourself first before you can ask others to do it for you. When you have successfully grown your business, leadership will be needed by those around you. The best way to grow your business is to grow within yourself first. Only then can your business grow. A mentor will do this for you. They will show you how to grow your business effectively, and teach you how to inspire those around you to do the same.

A business mentor is someone that gives support, advice, and counsel to new business owners. They are often an informal or more formal relationship based upon your requirements as a business owner. Typically it can occur face-to-face, via the telephone, on the internet, or in a combination of the above formats. It is typically advised that you find a mentor that you are comfortable with, one that has your best interests at heart. Business mentoring comes in many different forms such as seminars, books, videos, mentoring programs, and services, etc.

There are some benefits to using a business mentor from within the industry. Most mentors are active within the same industry as you are and are aware of what is happening in your industry. They are also generally well versed in your niche and know how to reach out to others that may be looking for a similar opportunity. For example, if you are a young entrepreneur starting, they can give you helpful advice on business formation, business plans, marketing strategies, and so forth. If you are more senior in your business realm, a mentor may provide you tips on setting up your organization, providing training to staff, developing strategic planning, marketing your business, etc.

Additionally, most mentors are business owners themselves and are happy to share their experiences with newer entrepreneurs. They recognize that new entrepreneurs often lack the experience necessary to be successful. As they face challenges and difficulties, many have failed before. These experiences as business owners can provide valuable insight into the areas where they should focus their time and energy. Every entrepreneur should have at least one business mentor, as it can provide tremendous support as you embark on your entrepreneurial journey.

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