Get to know why a business mentor is an essential requirement for both startups and established companies
A mentor is a very important part of any organization. In sports, the coach acts as the mentor. He guides the player and hones his raw talent in a way that he becomes a much better player than he was in the beginning. During childhood, parents and teachers help individuals in becoming an honest and hardworking person. In the same way, every business needs a mentor. The most effective coaches and mentors are those who have already experienced what you are going through now. If a football coach has not played it at the highest level, he will never be able to connect with the players. Similarly, only those who have set up their own profitable companies in the past can be effective business mentors. Visit this website to read an interview with a mentor who talks about it.
The main objective of a business mentor is to give you the knowledge and point out your mistakes so that you can avoid the pitfalls that he had to endure during his time at the helm of a company. When you are associated with the day to day activity of a company, it is very hard to remain objective. Every decision looks like to be right since you and your employees had decided to do it. The mentor is not associated with the company in any manner. He can tell you how the company and its decisions looks to an outsider. He relies on his experience to point out the wrong turns that you and your employees had taken over the years. Read the full info here.
One of the major advantages of hiring a mentor is getting access to his contacts. Since these mentors have been leaders in their field, they know a lot of people and many people owe them a debt. If you are looking for a capital infusion or business collaboration or new clients, these contacts can come in handy. Business coaches can be used as sounding boards to test the different theories that are running amok in your mind. Because of the gloomy economic climate, companies are spending the bare minimum on advertisements and are focusing on their core strengths. The mentors can help avoid an expensive media campaign which will provide a negligible return on investment. He may be able to suggest some other form of promotion which is will be a value for money proposition for the company. You can find out more here.
Some people have quite an unrealistic expectation with regard to the role of their mentor. A mentor is not supposed to do your work for you; he is only supposed to guide you in the right direction. Make your goals and expectation clear to him before he takes up the job so that there are no misunderstandings later on. The best way to hire a business coach is by going for a guy who has been recommended by someone in your friend circle. That way you will be able to get an unbiased view of his effectiveness. There are many websites which specialize in business coaching. If you are looking for a business coach in Perth, Brisbane or Adelaide, you can take a look here - http://www.bizadvice.com.au/.