Business Mentoring In On-going Business

Business Mentoring In On-going Business

Business Mentoring In On-Going Business

 

Business mentor focus areas (delegate assisting and advising tasks) in an on-going business
• general management & support – business mentor possible topics
– gain in expertise, hands-on operational business knowledge
– gain strategic vision
– supervisory delegate of business owners and stakeholders
– push and support the business, grab new momentum for development and growth
– being a sounding board for shareholders and management team
– identify and helping solving problems
– helping to solve disruptions and blockages
– provide objectivity a critical constructive opinion and advice
– plan development (swot, business plans, marketing & sales etc.)
– providing support to implementing plans
– verified made plans
– monitor results and development
– revive business and company’s organization
– change management expertise and plans (procedures, culture)
– supervising and planning a turnaround situation (restructuring)
– mergers and acquisitions advise (also structuring stages, preliminary and integration)
– business location
• commerce – business mentor possible topics
– gain commercial power
– marketing mix
– sales & marketing plans
– market entry, specific market expertise
– market surveys, research & analysis
– competitive analysis
– develop sales and market share (and find launching customers)
– define strategy for maximize profit margin
– create new business and business development (new products, markets, partnerships)
– lobbyist, networker to connect with decision makers, introducing the business as a representative
– brand & image development
– communication & PR (f.e. PR under attack)
– distribution channels and partners
– manage customer complaints
• finance management – business mentor possible topics
– business financing, starting with locate financing options
– cutting costs, high costs of inefficient business processes or revenue volume
– improve management information
– poor financial management and planning
– low or no profitability, poor financial results
– low solvency, lack of cash, cash flow planning
– capital investments
– lack of trust or poor relationship with financers/funders
– operate and reorganization under the bankruptcy law
– distressed Investments
– distressed debts
– legal collection of payments
– financial restructuring
– feasibility studies
– business registration
– due diligence
– financial valuation inclding modelling
– financial scenarios/prognoses
• human resources management – business mentor possible topics
– create a well-balanced management team
– prepare training plan
– develop and evaluate procedures
– coaching and training existing staff
– hiring and interviewing candidates, (attention to hard to fill positions)
– eliminate staff or personnel restructuring (including legal procedures)
– improve internal communication
– solve management/employees conflicts
– improve the labour productivity
– solve bad situations; stress, oppressive atmosphere, high staff turnover, internal disagreements, demotivated staff
– compensation and benefits
– succession planning
– human resources management policies
• manufacturing – business mentor possible topics
– product design, qualities, certification
– develop quality control procedures
– sourcing, purchase and contract management
– make or buy decisions
– level stock inventory and lead times
– quality control, reduce level of waste
– production management
• logistic management – business mentor possible topics
– commissioning/expediting
– freight forwarding
– logistics transport and storage