What is Business Mentoring and What is the Difference between Industry Mentoring Coaching and Business Mentoring?
Business mentoring refers to a relationship between an highly experienced business person (the mentor) and the business person (the mentee).
Business mentoring is guidance from someone who has built and succeeded in business. A business mentor has first-hand knowledge and experience in business strategy, operation and negotiation. For example, a highly-experienced business person may be a business mentor for someone who aspires to grow a business. The mentor role assumes that the mentor has experience, knowledge, and contacts that can help the mentee achieve a business specific goal.
Business mentors aim to address critical business issues. Business mentors act as a role models, advisers, critics and consultants. They teach, advise, encourage, open doors, show politics and subtleties of business and help mentees understand power structures. Business mentors are an invaluable asset when business owners/entrepreneurs are seeking smoother transitions, higher profits and reassurance about business strategy and process.
Industry mentoring is guidance from someone who has gone before. It can be informal, with friends or business contacts providing support and advise when its needed. An industry mentor has first-hand knowledge and experience in a career path that the mentee wants to pursue. For example, an accountant may be an industry mentor for someone who aspires to become an accountant, or a senior doctor who has climbed to the top in the field of medicine may be a mentor of a junior doctor.
Industry mentors aim to address critical professional issues. The industry mentor role assumes that the mentor has industry specific experience, industry specific knowledge, and industry specific contacts that can help a particular individual with their career goals.
Coaching is motivational support from someone who has trained as a coach. Coaches have a large number of tools to help individuals adjust their behavior so they can turn a bad day at the office into a good day at the office. For example a coach may run a business that focuses of helping people get over the ongoing behavior of not addressing conflicting situations. Coaching aims to address critical personal and behavioral issues. The coaching role assumes that the coach has the training and capacity to support the client’s emotional and sometimes social needs.
As leading experts in the field of mentoring The Bullring Academy also has a suite of mentor training programs. These are well suited to industry bodies, associations, government departments and commercial enterprise. Our friendly staff are happy to take your call organize a no cost, obligation free fact finding and initial scoping meeting.
Check if the Bullring Academy incubator program is for you?