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Why Do You Need A Business Mentor?

Business mentors or coaches are experienced and successful business people who volunteer to help entrepreneurs through the often difficult start-up period. They give advice, help entrepreneurs to steer clear of pitfalls, and can often share invaluable life lessons they’ve learnt.

A suitable mentor has reached goals similar to what you aim to do, has similar values, and is someone with time and energy to help you achieve success.

Mentors are coaches – not consultants – so they can’t do the work for you. They can only guide you. And no mentor will know everything about every facet of your business, so you may end up with different mentors for different categories of your business such as:

  • Accounting, cash-flow projections, financial planning and budgets, financial viability, company law and tax
  • Marketing, advertising, sales
  • Planning and merchandising
  • Human resource management, labour law and payroll
  • Importing/exporting
  • Business plans
  • Project management
  • Black economic empowerment facilitation

Sanlam uses Business Partners for mentorship.

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