The Official Blog of STAMP! Small Business Solutions

Join Our eList  
Ask STAMP! anything

Is Business Mentoring Essential For the Business Owner?

If you look into the top notch industries round the world, you can find that all they take advice from business mentors. It is inevitable for a new business to get help from business mentors as they are new into the arena and will require some kind of guidance. The business mentor will initially begin by coaching you to attain success in your business and even remain by your side advising and discussing any issue that the business faces.

The business mentor has served in top positions in the business field and has faced all the hurdles. Their past experience is their asset and they know all the tips and tricks having created and ran a successful business by themselves. At each step of the growth of the business, they will provide you with valuable information and advice for handling the enterprise. All that you have to do is to understand the mistakes and correct them, take the advice and finally work accordingly to gain success.

Now, you might be wondering as to why you need business mentoring. Here are a few simple analyzing factors that will help you determine if you need help with your business operation. Analyze the profit that your business creates in a year. If there have been no significant developments, then you will need guidance to find the fault with the business system and makes more profit.

Sometimes, the company might be making enough profits, but after looking into the yearly profit reports it is realized that the profit has not been increasing significantly in the last few years. This might be due to some issues with the techniques followed in production and marketing. Even well established companies face this problem and they will require business mentoring help to figure out the defect and do the necessary changes to the prevalent system.

Several different aspects together make up the business system. Sometimes, the business owner has to oversee all the different sections of the business by himself and this usually makes him lose the concentration. With business guidance, the tasks that are important can be known and the owner can work accordingly laying his focus on the right things making the right moves.

Even huge business enterprises depend upon business mentors to help them solve some issues that the business faces during its course. The mentor has years of experience and they know how to figure out the underlying causes and tackle the issues skillfully.

Finding business mentors is a tough task and especially when you are confused. Author: Rizvana Abdul 


7 Reasons Why You Will Never Do Anything Amazing With Your Life

Yeah that’s right; you heard me… I’m talking to you… I’m calling you out.


We don’t take this at face value, but there is something to be said about the first few words you spot.

What do you think?

More Information