Starting Out

The old statistic about a high percentage of businesses failing soon after starting rings true for a great number of reasons. Whether it be a lack of a platform to promote and sell a product or service, lack of market research, lack of customer appetite or a flawed revenue generation policy, businesses fail generally due to a distinct lack of planning and business savvy. There are of course, ways around this. There are various online forums and books which can be used to get hints and tips to get your organisation moving forward. One less exploited resource is that of business mentors, who can prove to be an excellent consultation resource on a personal level.

Business mentors are actually widely available through a number of channels. A number of mentors will work on behalf of consulting agencies, although these can prove to be expensive, especially to business start ups. A number of mentors will advertise their services online, with a varying range of conditions with which they will work within. Many will work with you remotely and communicate via email or telephone, while liaising with a more local business mentor raises the potential of meeting in person and the likelihood of a more impactful relationship on your business.

What A Mentor Can Do

Business mentors are often consultants, or retired businesspersons themselves who have been in a situation similar to yours at various times in the past. You can learn a great deal from a business mentors previous experiences, both positive and negative, to have a sustained impact on your own business while also having a large part in developing your own skills as a business leader.

Business Continuity

One aspect which new business often lack is the presence of a business continuity management plan. These are recognised by a BS 25999 certification and can be a valuable tool for your business under many sets of circumstances. Whether you be looking for assistance when you are in financial trouble or if an earthquake hits your town, BS 25999 shows that you are able to cope with this. In terms of business continuity, a business mentor has probably been there themselves in the past, and will be able to give brilliant advice on how best to mould plans to best suit your business, remaining both logical and logistically possible.

Business mentors can improve your own personal skills as well as your business, look online for the best mentors to help you.

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