Whether you are just starting out in business or you have been trading for years it is always important and beneficial to have someone in your corner who you can go to for support and advice.
Just as flowers need the right conditions to grow, business owners need the right environment to thrive.
Both need the best conditions to bloom.
The support of someone who knows what you are going through, understands your issues and concerns and can support you in finding a way forward. It doesn’t have to be just when you are struggling, it can be to help you go from good to great too.
That’s where a mentor can come in. Mentors are someone who has been on the same path as you and can provide you with valuable insights or maybe just a fresh pair of eyes or sounding board.
Here are some benefits of hiring a mentor;
1- Leading by example
One of the most important things a mentor can do is lead by example. When you hire a mentor, you’re not just hiring someone to offer advice – you’re hiring someone who can show you how it’s done. A good mentor will have a proven track record of success in their field, and they’ll be able to share their knowledge and experience with you to help you achieve similar results.
For example, if you’re hiring a business coach, they should be able to share stories and case studies of other businesses they’ve helped to grow. This will not only give you an idea of what’s possible, but it will also show you the strategies and tactics that can help you achieve success.
2- Fresh perspective
When you’re running a business, it’s easy to get caught up in the day-to-day tasks and lose sight of the bigger picture. A mentor can help you to take a step back and see the wood for the trees, so to speak. They can offer you an outsider’s perspective on your business, and help you to identify opportunities and threats that you may not have been able to see yourself.
For example, if you’re hiring an accountant who offers advisory services, they will be able to clue you in on the most tax-efficient way to run your business and identify industry-specific tax incentives and perks that you may not know about. This can save you a lot of money in the long run, and help your business to become more profitable.
Industry insight is one of the most valuable things a mentor can offer, so it’s well worth considering if you feel like you’re stuck in a rut and need some fresh ideas.
3- Accountability
Another benefit of hiring a mentor is that they can help to hold you accountable for your actions.
When you’re running a business, it’s easy to get sidetracked and lose focus on your goals. A mentor can help to keep you on track by holding you accountable for your actions and helping you to stay focused on what’s important.
For example, if you’re hiring a business coach, they will be able to help you set realistic goals and milestones, and then hold you accountable for achieving them. This can help to keep you motivated and ensure that you’re making progress towards your goals.
4- Confidence
Finally, hiring a mentor can help to give you the confidence to take your business to the next level.
When you’re starting out in business, it’s easy to feel like you’re in over your head and that you’re not good enough. You may feel as though there’s no way to overcome your problems, but mentors have the experience and insight to know that this isn’t the case.
For example, if you’re hiring an accountant, they will be able to share stories of other businesses they’ve helped to grow and the challenges they’ve overcome. This can help to give you the confidence to take risks and push yourself out of your comfort zone.
Hiring a mentor can help to give you the confidence to take risks and push yourself out of your comfort zone – knowing that someone who has been there and done that is supporting you every step of the way.
Mentors and coaches are a fabulous asset for a business owner. They can help you see the light, keep you accountable and build your confidence to help you achieve your goals and reach new levels of success in your business.
If you are stuck or just looking for more in your business then get in touch and we can discuss how we can provide mentoring and coaching sessions.
Get ahead, get it done.
Get in touch if you would like support with completing your tax return.
Ask me for my FREE 22/23 Tax Return Checklist
Thank you for reading this weeks blog – 6 Steps to Take If Your Small Business Is Running Out Of Money
Flo