From HR Magazine
Almost nine out of ten small business employers acknowledge that the benefits of mentoring could add to their business, although few utilise it, according to a survey by software provider, Sage
A report canvassed 1,200 leaders of small businesses on mentoring and found 88% said “it could help them to succeed” but only 22% were using business mentors as part of their commercial strategy.
In our experience, the reasons given for not engaging in some form of personal or collective support include:
The business owner is “too busy” managing his or her business
The flaw in this is that the owner is not stepping outside the business to see what’s really going on. The busy-ness becomes more and more ineffective the longer the owner avoids concentrating on themselves and their relationship with the business. They become more and more stressed, which leads to poor decision-making through the depletion of Serotonin in the brain caused by the stress. IE they are wasting more time than if they engaged a mentor. Anyone who claims they work better under stress/pressure is fooling themselves.
They need to stop and become clear-minded. By talking things through with a supportive, experienced and objective outsider, clear-mindedness arises and effective problem-solving and solutions to developing the business emerge.
It takes Ownership of Ideas away from the Business Owner
People do not like to feel that they’re incapable of managing a business effectively and mentoring, coaching, advising and consultancy all have the potential to create feelings of inadequacy and feelings of dependence. Business Counselling, on the other hand does not take ownership of ideas away from the client business. It is non-directive and a business counsellor works with (not for) a business owner, so that he or she can be lead to their own conclusions, strategies, implementations and developmental path, as well as gaining feelings of empowerment and self-reliance.
A belief that engaging support is a weakness
So what’s better – to be “strong” and broke or “weak” and wealthy? Prevalent is the view that asking for help is a weakness – in actuality it’s a strength and will make the person stronger.
Acknowledgement of our limitations is vital and gaps in our knowledge, experience and understanding need to be filled.
It’ll cost too much
Owners of small businesses do not often appreciate psychological support as a valuable investment but which has been proven to provide substantial ROI. It’s not a cheap form of support, and neither should it be. Providers are experienced at supporting business owners into clear-mindedness and positivity, which can lead to successful new product launches and increasing profitability through more effective working practices, innovation and innovative thought and working to one’s strengths – The business and all those in it rise to their full potential. When we believe, we gain.