Business mentoring is seen by business owners as a vital and important resource. Mentoring support for businesses helps with their growth and development, their strategy and ultimately their financial results and profitability. Profitability helps build the future of a business, its growth and development.
A business mentor wants the business owner they work with and support to achieve success – it’s as simple as that!
One of the tools available to the mentor is to provide the business owner with accountability – the follow ups, the checks, the scrutiny, the questions. The accountability is constrictive and positive and used for a reason – the success of the business.
The owners of small businesses (SMEs) and family businesses are often in a lonely place – they are on their own. Who can they talk to about their business – the good, the bad and the ugly? They don’t have a business partner to talk through ideas and plans; they don’t have a second in command – and it’s best not to talk to the ‘better half’ and the next-door neighbour.
The importance and value of business mentoring is becoming clearer and louder – it works and here are some statistics.
- 76% of business owners who have worked with a mentor say it has been key to their success
- 66% of business owners agree that mentoring was crucial to helping their business survive in difficult times
- Businesses which work with a mentor have a 30% higher success rate
I work with many business owners to help them achieve success and growth – they value the support provided. At our meetings and in our conversations, the word that comes up frequently is ACCOUNTABILITY –
….’ I need accountability’….
….’I want someone to make me accountable’….
….’Accountability keeps me focused on my business’….
….’I know you are going to check with me on the progress of the business as I am accountable to you’….
Accountability is such an important and powerful tool in a mentoring relationship; it works and it helps with that key business objective – SUCCESS!!!
Get in touch today to talk about accountability and success!
