The decision to hire a business mentor or a business coach ultimately depends on your specific goals and needs.
In New Zealand, plenty of start-ups “go it alone”, but then hit a growth phase in their business, or set of problems, that require specialised help. Both coaches and mentors can provide valuable insights and guidance to help you improve your business, but they have different approaches and areas of expertise.
Here are some key differences between a business mentor and a business coach:
Business mentor: A business mentor is typically an experienced entrepreneur or business leader who provides guidance and advice based on their own experiences. They can help you develop specific skills and knowledge related to your industry, as well as offer strategic advice on how to grow and scale your business. A mentorship relationship is typically more informal and long-term than a coaching relationship and may involve ongoing meetings and discussions.
Business coach: A business coach is a trained professional who focuses on helping you develop specific skills and achieve specific goals. They can help you identify areas for improvement, create action plans, and provide accountability and support as you work towards your objectives. Coaching relationships are typically more structured and goal-oriented than mentorship relationships and may involve regular meetings or sessions.
Ultimately, the decision between hiring a business mentor or a business coach depends on your specific needs and goals.
If you’re looking for long-term guidance and advice from someone with direct experience in your industry, a mentor may be the best choice. If you’re looking to improve specific skills or achieve specific goals in a structured and focused way, a coach may be the best choice.
We’ll talk to you about this decision, entirely for FREE. Book a call HERE
Extra Resources:
Start Up Business Checklist
Hubspot Article – Coaching V Mentoring
Impact Business Mentoring Facebook Page
Business.govt.nz article – Mentor, Coach, or Advisor?
