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Business Idea Example: Professional Mentors

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Table of Contents

Abstract

In various fields, professional mentors are like professional coaches. For additional kills that they are prepared for, they offer their mentorship. Leadership mentors, for example, deal with teaching individuals about how to be influential leaders and managers. Mentorship is important because it provides experience in the field one works in. The skills and expertise offered by a mentor are realistic and are rarely taught in schools. The mentors are versatile and serve their own will and the desired venue of the client. It can take a long time for a person to perform tremendously in a career, but performance can be made better in a short time with mentorship. It is a very good business idea to set up a business where a individual provides mentorship services. It is important to examine it to decide exactly how to go about it.

Introducing

A business idea is a strategy that an entity intends to use to produce profits. It is important to evaluate a business concept as it provides understanding of potential problems and opportunities anticipated during the trials. If one needs to assess the cost and analyse the approaches to the concept, it is also useful. In other words, the foundation of a business is a business concept, and it is what sets the target that should be accomplished at the end of the day by the company. Tran (2014) has found that when a service is provided or an object is given out to make a profit, then that becomes a business concept in itself. Professional mentorship programmes are the business concepts he selected that are to be analysed in this discourse. Mentors are like mentors, but they encourage a person to gain insight into making wise choices about personal life choices or professional choices in addition to coaching.

Business Idea Example Professional Mentors

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Professional Mentors Forms

There are many types of mentors that are competent. In an individual non-personal matter, several personal mentors provide mentorship services. Some expert mentors provide a person with mentorship on work-related issues. If one is a business manager, for example, they may obtain mentorship services from professional management skills mentors (Ahn, 2010). The mentoring office has been established by many businesses and the organisation hires mentors. It is also easier to have a personal mentor because not all individuals deal with career problems; others seek mentorship for social issues. A mentor may then offer their services for pay and, in particular, if the mentor aims to provide mentorship in an area that has been sought.

A competent mentor in the field of management offers a good example. There are so many criteria because most companies today want to advance their managers and grow the business. The target market of the mentor will continue as such, having a professional area of preference depending on the region.

Demand for Goal

As already stated, the target market will rely upon the occupation. In other words, if the area of expertise of a mentor is in accounting, the mentor may provide individuals in the accounting field with mentorship (Ahn, 2010). As such, the mentor will need individuals who wish to make a difference in their professional life. Usually, as a business concept, mentoring programmes will target celebrities, workers, entrepreneurs, and young and adult students.

The Truth

Examples of facts are ideal solutions. This is because a mentor is required for any individual who wishes to excel in decision-making and increase their skills in a given area. In addition, a mentor is important to get the coaching needed to treat their career in order for an person to make a sound and wise decision (Ahn, 2010). On professional decision making or even personal choices, the mentor is likely to give wise guidance. If an person faces any psychological problems that interfere with their success in the workplace, the mentor will still be there to provide decision-making guidance.

A Management Coach Specialist

It is vital to have a mentor to direct you through management problems, as it helps to make realistic and wise management choices. This specialist also contributes a lot to the capacity of a manager to help a business develop and relate well to the junior staff. A management mentor is important for young managers, as new managers are still still green on management issues. As such, they can grow their leadership capabilities much faster when they get a mentor. The position of a mentor ‘s mentor will guarantee that a professional or individual is mentally and emotionally stable. They can also make sure that an individual’s choices are well thought out and are wise choices. Mentors also assist individuals in professional relationships to learn the personal skills needed. Ahn (2010) further explains that an individual is taught by a mentor to establish high levels of moral standards. A individual can be a much better employee with such skills and professional personality, they are more marketable in the job market, and they set records that can be emulated. In a nutshell, a mentor produces the spurs, talents, and competencies of a person who cann’t. They are gained by schooling in the classroom. These are competencies that involve wit with years of experience and confronting scenarios. In their professional lives, however, not everyone faces major challenges, and so a mentor is there to help a individual improve these competencies.

Inductive Reasoning

Flexible programmes that are readily understood are mentorship programmes. In certain cases , individuals assume that in all their life decisions, getting a mentor makes a person perfect. This is a fallacy since habits are first formed by the upbringing of an individual and the decisions of a person. There are also some mistakes that a person is bound to make sense of as a human being; it is inevitable to make mistakes. Getting a mentor does not, however, stop a person from making mistakes or wrong choices. Therefore, the benefits of having a mentor are that they are hired to be qualified on how to deal with technical problems. This allows one to decrease the many wrong choices they can make. In addition, it is a smoother way of gaining experience.

Skills for Leadership

If one has a professional management mentor, the person will learn coaching skills, and the individual will demonstrate useful leadership skills in the workplace through that. Through a mentor’s coaching process, the leadership skills are sharpened. This professional teaches you and nature in an appropriate and suggested way. An experienced mentor encourages one to grow abilities in the particular field and allows the mentored person to often find wiser and innovative solutions to the problems of the job. As mentors can have sessions with their customers at locations they choose, this programme can be delivered flexibly. Tran (2014 ) believes that such programmes are very important and that there must be a mentor for almost every citizen. Mentors are often required also by those who are not working and work in other sectors, such as entrepreneurs. Mentorship helps to decrease the frequency and severity of inappropriate decision-making; it helps individuals to acquire realistic skills to relate well to individuals in a career and the skills needed for a particular field of work.

Deductive Reasoning

One of the things they should participate in when one wants to do business is to obtain opinions and approval from individuals who have expertise in the field of entrepreneurship and targeted customers. It is important to get the targeted customers’ ideas, expectations, and feedback so that the entrepreneur can attract more customers. Professionals and all the other citizens who should be consulted and their views on the planned service should be pursued. The opinions of consumers must be pursued because they provide input into what the entrepreneur can expect if the service begins to be rendered. Cadle, Paul, and Turner ( 2010) have pointed out that any entrepreneur planning to set up a company that provides services or products should be able to consult clients and entrepreneurs extensively to decide whether they want to build the service and how they want the service to be made. After receiving the feedback, a mentorship centre can then be founded by the person wishing to provide the service. The entrepreneur should use the opportunity to benefit by offering mentoring services when the feedback is positive.

Selling Commodity

The entrepreneur should have a passion for offering quality mentoring services to individuals or prospective clients in order to sell this concept. As some individuals are slow to learn and others have serious problems, a mentor should be a person with love for their duties and willing to face the challenges of people. In addition, since that will shape much of his job, he should be a person-helpful to him, lp people. A individual with the aforementioned characteristics should be able to benefit and excel in this business venture because of the excitement that this job demands. In a prepaid company, before starting the transaction, the amount of money that the tutor should be charged must be decided. The budget has to be reasonable and rational. Before the business concept is put into effect, it is important to understand the views of the customers to know what customers expect to shape a competent mentor.

Fallacy

Some people may consider it to be something unnecessary to have a mentor, and this is a fallacy. The point that business entrepreneurs in this area should use us is that getting a mentor makes one a stronger professional to solve this fallacy. It is equivalent to seeing a product in the store and making it a brand. They form a brand when an individual becomes excellent in their career, and as such, they become a demand for so many businesses. Such a person can not lack a job because they are still searched for by businesses.

Similarly, a manager with a mentor makes improvements to the business and thereby makes himself sought after. There are several products on the market, according to Cadle, Paul, and Turner ( 2010), but what makes a product sell better than others is consistency. Therefore, they make themselves quality workers in the job market when an individual has a mentor. Mentorship programmes, therefore, introduce a shift in the professional lives of citizens.

Advertising Outlets

The service can be marketed to the public with appropriate branding and aimed at the right demographic and the right advertising platform. As such, technical mentorship services are best promoted by students and job seekers through social media and websites (Marsh, 2013). Certain media can also be used as advertisement outlets, such as magazines, television , and radio. The definition should be presented as one that creates a change in the lives of individuals. Most clients should expect to be better workers and leaders of the business.

Overall Summary

The mentor’s effectiveness and ability to ensure the stability of the service shall see to the success of this business. If the services impact the lives of the customers and ensure that they are successful in employment and their leadership, it is highly likely that more people will demand this service and the result of it is that there will be more profits made. The impacts will be seen when many professional mentorship services will be more marketable in the job market. They will have a salary increase, and most of them will be competent managers.

Reflection Analysis and Recommendations

Such an analysis is very significant since it prepares the business entrepreneur by making them know where there is a likelihood of some gaps and the likelihood of success. It is also essential because the person will be able to see the business’s scope and what they intend to do to see the business idea established and running. It is recommended that all entrepreneurs should analyze their business idea before they are put in place. The analysis is as such recommended for all business people. 

  Inferences and Recommendations

In conclusion, it is investing in the business where the entrepreneur offer services in mentorship is a business idea that is likely to work and is an example of inferences. If the mentorship is efficiently done, and most people see the benefits, there will be more profits, and customer loyalty will be established. However, it is recommended that the person seeking to do this business should look into setting their target market. Doing a proper advertisement and giving quality services. This should be followed by charging a reasonable fee and, above all, understanding what the customers need from the mentorship services.

References;
  • Ahn, J. (2010). The Role of Social Network Locations in the College Access Mentoring of Urban   Youth. Education and Urban Society, 42(7), 839-859. Doi:10.1177/0013124510379825
  • Cadle, J., Paul, D., & Turner, P. (2010). Business analysis techniques: 77 essential tools for success. London: British Computer Society.
  • Marsh, C. (2013). Business and financial models. London; Philadelphia, PA: Kogan Page Limited
  • Tran, N. A. (2014). The Role of Mentoring in the Success of Women Leaders of Color in Higher Education. Mentoring & Tutoring: Partnership in Learning, 22(4), 302-315. doi:10.1080/13611267.2014.945740

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