Business mentoring

Business mentoring is a relationship where an experienced person guides you, the entrepreneur, in running and improving your business. The business mentor offers advice, guidance and support to help you run and improve your business.

Mentoring can involve in-person meetings or online discussions. It can also involve a mix of both. The choice depends on what works best for both parties.

Formal or informal mentoring?

Your mentor will likely stay in touch with you through meetings, phone calls, and emails.
The mentoring relationship can vary from being casual, with monthly calls or informal visits, to being formal and structured, with set meeting agendas and business goals.

Some mentoring services are free, while others are paid for or require a subscription. Not all mentors have to be formally established as such. Friends, family and business contacts can all become involved in unofficial mentoring.