Business Coach and Mentor

Not many people are aware of the difference between a business coach and mentor. Most assume that they’re the same. That’s understandable. Coaching and mentoring do have a lot of similarities. However, this doesn’t mean that they are interchangeable. Here’s how they differ from each other.

DURATION

Business coaching is short-term
There’s a reason business coaches offer their services by session. Most tasks that they help with don’t always require months to accomplish. Most of the time, issues can be resolved after just a couple of meetings.

Business mentoring is long-term
Since a week or two isn’t always enough to pass on everything they know, business mentors stick around for a long time. What they offer is a long-term work relationship, where they commit themselves to the development of your company as a whole. It’s not uncommon for mentorship to span decades.

FOCUS

A business coach is task-oriented
Businesses coaches strive to help their clients accomplish specific tasks These tasks usually involve solving problems, overcoming issues, and learning and enhancing certain skills.

A business mentor is development-focused
Business mentors do also strive to help their clients accomplish tasks. However, that’s not the core of their services. Business mentors focus more on passing on their knowledge and experience to their clients. Sometimes, the word “adviser” more accurately defines them than “mentor.”

EXPERTISE

A business coach often shares the same expertise as his/her client
Business coaches share their client’s expertise. You might be thinking, “Why hire a coach when you already know what they’re going to teach you?” Here’s the answer: business coaches have years of experience under their belt. They know how to handle situations that are likely only encounter if you’re in the industry for a long time.

A business mentor has diverse expertise and experience
Business mentors are people with a lot of hard-won wisdom (not just about entrepreneurship). They provide guidance and insight to their clients to help them on their campaigns and ventures. They don’t have to share their client’s expertise to provide assistance.

Still can’t decide between hiring a business coach and mentor? Check out the guide below!

You need a business coach if:

  • you want to develop a specific aspect of your business;
  • you want to develop or hone a specific skill for your business;
  • you want to enhance the performance of a particular department of your company;
  • you run a business operated by a small group (5-10) of close-knit individuals whose teamwork and individual competence could use a boost;
  • you have many talented, though not necessarily polished, employees who just need the right push to unlock their full potential;
  • you plan to launch a new campaign, system, or program; or
  • you plan to introduce a new department to your company.

You need a business mentor if:

  • you want to develop your employees’ skills in preparation for a succession scheme;
  • you run a business operated by diverse employees and want to remove the barriers (cultural, social, etc.) that get in the way of their performance; or
  • you want to make sure your employees strike an even balance between their work and personal life.

Make sure you get the services you need. Know the difference between a business coach and a business mentor. Looking for a competitive business coach to help you boost your campaigns? Recurring Revenue Institute may have what you’re looking for. Click here to learn more about their services.