Profitability & Cashflow- The Keys to a Successful Business

Mentoring

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

Testimonials

Sean has been very valuable to us in helping us to get to grips with the issues in our business. His direct and patient approach with us has helped to tease out these.   He does not shy away from tackling any difficult issues as they arise.    Sean manages to keep us on our toes by asking for the latest information before any visit, that way we know we need to get things done before he arrives or else we get a gentle telling off if we haven’t!       Eamonn Hayden – Director, Cedarwood Furniture Manufacturing Ltd.  March 2017.

Sean has worked with us an Enterprise Ireland Mentor over the past 18 months and continues to work with us as a Strategic Consultant. He is thought provoking, challenging, thorough in his detail and utterly committed to the task in hand. Our company has benefited enormously from exposure to his strategy and thinking in all aspects of our business from financials to marketing to strategic planning.
Myles Fenlon M.D. LMH Engineering Ltd. August 2015.

Sean has provided invaluable help to me in advising on all aspects (financial, marketing, business advice, dealing with suppliers & distributors) of getting my business up and running to the point where I am now selling to all the multiples in Ireland and a number of UK outlets.
Deirdre Collins. M.D. Dee’s Wholefoods Ltd.

I found Sean to be extremely adept at analyzing the state of the business and summarizing the key challenges and simple steps needed to progress. At all times Sean was open, honest and diligent and I would have no hesitation in utilizing Sean’s expertise in the future or recommending him as a business advisor.
Nick McGrath. M.D. Hybrid Energy Solutions.

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Contact Sean Donnelly