Benefits of business mentoring
Becoming a business mentor
If you already have plenty of business experience, you could consider offering your services as a mentor to other businesses. This can be a very rewarding way of passing on the benefits of your experience.
As a mentor, your role is to support, develop, stimulate and challenge your mentee, whether they're just starting up in business or are already established and seeking guidance.
You can mentor in a variety of ways - including online, face to face, by telephone, or as part of a discussion group. You can charge a fee for your services or offer free support.
What you'll need to become a business mentor
To mentor other business people effectively you need the right skills and experience. You should have:
- the ability to listen and empathise
- respect for other people's views
- experience of the problems faced by small businesses
- the ability to offer encouragement and sympathy
- a supportive, hands-off approach that allows others to make their own decisions
- a willingness to volunteer your time and skills
You should also have a good, broad understanding of business. Many small businesses look for mentors who have expertise in particular areas or functions, such as:
- sales and marketing
- public relations
- strategy and planning
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