The Real Value of Business Management Mentoring

Getting a business up and running isn’t easy – especially if it’s one of your very first ventures. Whether you’re an entrepreneur who’s pulling together your first startup or a team leader looking to bring a little more order to the chaos, the challenges can quickly mount up and before too long it’s easy to feel overwhelmed.

That being said, there is a solution to this problem and it’s one that many successful startups opt for. Today we’ll be exploring why business management mentoring is so important as well as sharing some excellent business management mentoring tips!

What is Business Management Mentoring?

Business management mentoring might sound like a mouthful, but in practice it’s the most effective possible tool for helping startups to hit the ground running.

The first thing you have to understand is that there’s no rulebook for effective business management. While there are some great principles that you can follow, they’re just that – principles. They aren’t always true and if you want to run your company well then you have to understand when and why you should make exceptions to the standard practice.

For many companies, the solution to this problem is easy – just hire those with experience. The problem is that experience is expensive and if you want to get the best value for money, you’ll need someone who’s dedicated to your company and your aims.

That’s why, instead, many companies opt to hire less experienced staff but bring in mentors to train them up to where they need to be.

The major advantage to this isn’t just about saving money, however. It also means that the company can retain the staff who helped build it in the first place, cultivating a sense of loyalty and a familiarity with the brand and the company as a whole.

The Best Business Management Mentoring Resources

Of course, it’s not just companies that choose this approach. Many individuals like to seek out business management mentoring of their own accord as an investment in their skills and their future.

The only problem is that it can be a challenge to find good business management mentoring resources. On the one hand, you have to find and make good contacts, which can always be a challenge if you don’t have a good ‘in’. On the other, you have to find someone you can trust, and that can be its own can of worms.

Remember that a mentor is more than just a source of information. They’re someone who you can consult with to help you make decisions and whose aim is to build you into a more effective version of yourself. That means your ideal mentor should be someone with a proven track record in a relevant area. It also means they’ll have to be someone who works well with you, a personality that’s a good match for your own.

But how can you find someone who’s uniquely suited to your situation? The answer is Career Navig8r!

With Career Navig8r, you can pick and choose between a variety of experienced mentors based on their background and their rates. You can get to know them with an introductory call and, if you’re not a good match, you can try again with someone else.

At Career Navig8r, we’re not here to give you arbitrary obligations but real, practical help, and that’s why we believe that we’re the best tool out there for finding effective, directed, career mentoring.

Our Top Business Management Mentoring Tips

Lastly, we’d like to talk about a few strategies you can take to ensure you’re getting the most effective business management mentoring.

First and foremost, don’t be afraid to switch mentors. We’ve said it once already, but it bears repeating because for many, this can be the difference between success and failure. Always remember that there’s no insult in finding that you don’t match well with someone else’s teaching style. That’s something neither of you can help.

Secondly, don’t be afraid to have multiple mentors, or to switch between mentors depending on your needs. A business manager often has to wear multiple hats and there’s no reason why you need to consult the same mentor on every problem. Instead, why not consult different mentors with extensive, specialised knowledge of the job in hand?

Finally, we really want to stress that any experience is valuable. Many people think of themselves as either a beginner or an expert, but the truth is that we spend most of our time somewhere in between. All this to say that just because you work with mentors, there’s nothing to stop you becoming a mentor yourself.

Learn, earn, and build better companies by signing up for Career Navig8r today!