The role of a mentor is to encourage the personal and professional development of their business. Here is my personal take on the benefits of business mentoring.
Being mentored is one of the most valuable and effective development opportunities you can offer employees. The relationship offers reciprocal benefits for mentors willing to invest time helping less experienced employees develop new skills and experience.
We should all strive to improve our skills, learn new things, and challenge ourselves on a regular basis, both in business and in our personal lives. This naturally necessitates a level of dedication, and life can frequently get in the way of our efforts to improve ourselves. Having the guidance, encouragement and support of a trusted and experienced mentor can provide their business.
Mentoring vs Coaching
A coach is someone who has the roll of keeping you on track. Their role is to ensure you implement and hold you accountable as the business owner. Mentoring is more strategic, a mentor has often got the results you are looking to attain. They will give you the strategy you need to grow your business. This will be from experience they already have.
What is a business mentor?
Your Business Mentor already possesses the experience you lack. They bridge the gap between the problems you are currently experiencing and the desired outcome.
A Business Mentor is usually a longer-term relationship because they need to really get to know your company. As your business grows, your Mentor will assist you in adapting and pivoting. Every business owner faces challenges; things will always come up, and your mentor will help guide you through difficult times more quickly.
Benefits of mentoring
Successful businesses do not happen by accident! It takes time, effort, and failure to get there. A business coach can assist you in navigating your way to business success.
The benefits of mentoring extend far beyond the mentee’s personal development, benefiting both the mentors and the organizations for which they work. The benefits range from promoting inclusion through exposure to new perspectives to increased chances of promotion for both parties.
Some of the areas a business coach can help you with is:
1. Marketing Advice – good business coaches are there to help you see the blind spots
2. Guide the business – a business coach can serve as your compass to make sure you are heading in the right direction.
3. Strategy and planning – sometimes, the biggest challenge to success is that you don’t know what you don’t know.
Should You Pay For A Business Mentor?
Paying for a mentor is the quickest way to get one and keep one. If you find someone willing to mentor you for free, the problem is that you are then dependent on their availability. When you pay with them, it is much easier to contact them when you require assistance or support.
Joining a business mastermind is another way to get access to a mentor at a lower cost. A mastermind group consists of 8 to 10 business owners who sit around a table solving problems in their businesses. 
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