Business Mentoring & Consulting
Business mentoring gives owners a sounding board by which they can confidentially discuss how their business is performing and discuss specific challenges which they face. Owners face many common problems such as reduced sales, lower margins, increased costs, changing consumer habits, declining customer loyalty, indebtedness, insufficient funding, staffing issues etc.
Having a person with an outside and independent perspective can be an invaluable help in identifying the key critical problems as well as coming up with a range of possible solutions. For many business owners this enables them gain the knowledge, skills and experience to deal with similar events in the future. The important issue is that you set the agenda. The mentoring process is dictated by what your business wants to achieve and what will enable you achieve your business goals.
Mentoring helps you to:
- Formulate and achieve your business goals.
- Work on, rather than in, your business.
- Create a Business Plan to achieve business success with an acceptable work-life balance.
- Take the worry and isolation out of decision-making – Validate decisions before action is taken.
- Grow in experience, knowledge and skills.
- Enables you to realise your full potential in business.
Sean has mentored businesses on behalf of Enterprise Ireland, Carlow Local Enterprise Board, Kilkenny Local Enterprise Board and Mentors.ie.
In a 2014 global survey undertaken by accounting software firm Sage surveyed over 11,000 small and medium sized businesses in 17 countries, including 423 in Ireland. Some key findings were:
- there is a significant gap between those businesses who see the value in mentoring and those who currently use mentors.
- 94pc of Irish SMEs acknowledge that mentoring can help them to succeed. However, less than a third (29pc) are currently making use of business mentors.
Sean can assist you in setting and achieving targets in the following key areas:
Avril McArdle, Head of Marketing, Sage Ireland said:
Businesses that do not have access to, or choose not to make use of business mentoring are at a disadvantage.”
Mentors can play a big role in helping young businesses to navigate the challenges new organizations can face as they have been through the process themselves, and especially entrepreneurs who are keen to share their experiences. There is a wide gap between those businesses who see the value of business mentoring and those who actually make use of it. We need to educate start-ups and small businesses about the benefits of mentoring and where to find them. The full report is available at: http://www.sage.com/businessnavigators