Business Coaching V Business Mentoring

How Does Business Mentoring compare to Business Coaching

A Coach or a Mentor?

There is a popular myth amongst business people that Business Mentoring and Business Coaching are one in the same; this is not quite true.

Whilst there are some similarities and some overlays, there are many important differences.

The Business Mentoring at International Business Mentors is delivered to CEOs, Business Owners, Directors and Senior Executives.

Top priority is the quality of our Business Mentors. Our Business Mentors must have run their own successful businesses, be formally qualified and have a very broad understanding and experience in all areas of business – Marketing, Operations, HR, Customers, Supply Chain, with a strong emphasis on the Financials and the bottom line. Our Mentors must also possess exceptional personal traits and have the highest ethical standards.

Business Mentors almost certainly have at least one or two areas of expertise or expert knowledge in a few industries, but in most cases it is the broad business skills that count.

A Business Mentoring relationship can and should become a deep one. The Mentor will take an holistic approach whereby many aspects of the business are examined which invariably leads to a deep understanding of both the Business and the Mentee. A trusting and mutual confidential environment is absolutely critical to ensure candid discussion.

Business Coaching by comparison tends to be much more specific and coaches tend to be expert in only one or a few of the business disciplines.

Unlike the longer term development with a mentor, a coach is usually engaged to assist with one particular problem after which the project is complete.

Business Coaching is goal-oriented and has a motivational bias.

Mentors are good listeners and ideas people. Business Mentors are also not consultants; they do not do the job for the client.

The Business Mentor can assist with a wide range of business issues as well as help the long term development of the person being mentored.

At International Business Mentors we rigorously match clients to their Business Mentors according to the background, skills and experiences needed, as well as a good personal fit.

Both Business Mentors and Business Coaches have their niche, and both, if correctly matched, can be of enormous assistance and give value to their clients.

Although Melbourne based International Business Mentors have Business Mentors in all Australian Capitols as well as in some country areas and a few overseas countries such as the USA.

It is a condition of Mentoring with International Business Mentors that mentors are not permitted to sell or refer additional services or products – in any form to our clients.

Nothing is allowed to compromise the dynamics of the mentoring relationship.

Your Business Mentor can help you in your business to perform and develop long term.

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