Business Coaching or Business Mentoring?
Your business has incredible, untapped potential because virtually every business does. That’s been proven by results time and time again from 20+ years in the coaching and mentoring industry.
Often it surprises business owners just how much growth their business can achieve in just a couple of months – without spending more money on lead generation.
The industry has changed since Tim Stokes’ (the Managing Director of Profit Transformations) entry into it back in 1997 as one of the pioneers. It’s still an evolving industry so its worth your while to be clear on what services any business coach provides and if they the right one for you.
These days there are many skills and level of expertise with business coaches and it depends on your needs as which business coach will be best to assist you.
Your decision, with which one you chose can make a big difference to your situation, or unfortunately little difference at all.
The “typical” business coach has some business ownership experience, but rarely over 10 years before becoming a business coach. Their experience is important to establish when considering a business coach for your business.
A business coach will work with you for 4 to 8 hours per month, usually by phone or a Zoom video meeting.
Business coaches will tend to ask you lots of questions and from lengthy discussions identify the possible solutions that you need to work on for the next week, so they can talk to you the next week.
It’s typically up to you to create content or to do a lot of work on your own between your meetings.
Most business coaches rarely have 10 or 20 years of experience on what they are discussing with you and often ask more question than give solutions so results can be slow.
That’s where an experienced business coach is very different because they will share the experience of what works, and the best ones will give you ready-to-use systems that can save you dozens of hours.
A very experienced business coach can save you months of work, so their higher than average prices are an investment, plus you get results faster in terms of income.
Less experienced coaches can be a big help for new or inexperienced business owners who need to learn the basics of business, sales and marketing.
You can typically spot a business mentor by their greying hair due to their numerous decades of experience in business.
They have typically owned and built multiple businesses, and bring a depth of wisdom to your business beyond the usual business coaches.
Their understanding of financials and management reports that you and your business benefit from are typically very good to excellent.
Marketing know-how is often where they are weak with specific know-how details of execution, especially with digital marketing.
They are very systems focused, due to their common background of work in big businesses or corporations.
They understand the road ahead due to working with bigger, multi-million dollar revenue businesses.
With a strong understanding of facts and figures, along with financials they understand a lot about cash flow and profit margins.
Like a business coach, rarely do provide ready to use, ‘drop-in’ systems or ready to use spreadsheets or analysis tools as our mentoring provides.
The best aspect of a business mentor is, they’ve seen many businesses like yours go through growth phases and can reassure you on what lies ahead and how to navigate the future, potential challenges.
Business mentoring with these points are all included in our one on one business mentoring service.
Business Mentoring for Business Transformations
There’s a groundbreaking style of business mentoring delivery style that is leading the way in the business community. It’s the combination of the best of one on one business mentoring with shared insights from multiple business owners. This new service style can and has transformed businesses and their owners’ lives very fast.
Unlike business coaching, you are given ready to use, ‘drop-in’ systems, and business operation measuring tools which are discussed and implemented. During the mentoring, there are also reviews of any subscription software you are using to see what management reports it can generate to streamline your business, increase profit margins, free up your time and see more cash in the bank.
Do you have these challenges…
- Lack of time, to work on your business?
- Regular cash flow fluctuations and/or shortages?
- Staff related issues (can’t find good ones, motivating them without paying them more, working completely unsupervised)?
- Confusion over what strategies to focus on or ones that actually work?
- Lack of freedom – and can’t take days or weeks off anytime you want?
These common challenges are experienced by most business owners but our business mentoring can assist you to conquer them all.
Instead of hourly based discussions, you save time with our training because of the dozens and dozens of ready-to-use systems and templates.
An Affordable, Beneficial Alternative
Our Academy of Business Mastery program is built for implementing strategies fast with a thorough education.
Its where a small, intimate group of business owners all share and discuss strategies they have implemented where results are seen in weeks – because our solutions work!
Our training has been empowering business owners to achieve true ‘business freedom‘ – where working at all in the business is optional – for over two decades. See some results here in video interviews.
The training focuses on increasing the Net Profit Margin, which is the best way by far to increase cash reserves in the bank.
Only with surplus cash can you afford to hire a general manager to take the management workload off your own shoulders, so you can take a well-earned break or concentrate on bigger, entrepreneurial ventures with days more free time.
If you like the sound of all this, get in contact to inquire about our small group business mentoring program – the Academy of Business Mastery, named by a suggestion from a client who grew from a stagnant $1.5 Million to $36 Million in 4 years (and is now operating in four countries).
Unlike business coaching and business mentoring, this program takes a proactive approach to common business challenges that the majority of businesses experience.
The Academy is collated from all the combined experience of solving challenges in 1,000+ business owners over the past two decades.
The Academy is a combination of the best of one on one business coaching and mentoring with a course but with limited numbers (3 businesses maximum) so it is an intimate experience with support provided.
You get all the support you need as you would receive one on one. You’ll find the content is so well refined you rarely need to ask for help for most of the course however there are multiple one on one sessions to customise your measuring tools, your ‘Business Growth Plan’ and for some other content areas.
The Academy of Business Mastery is so comprehensive, you’ll benefit from all the workbooks, templates and discussions for years as our attendees have discovered.
Want a Real, Business Transformation?
Our clients regularly make 6-figure bottom line profit increases, which is far more important than 6-figure revenue increases.
The best way to find out more is to take our content for a “Test drive” – with a ‘Breakthrough Meeting’.
You can then talk to Tim, the founder of Profit Transformations, about your own business goals, challenge and have your questions answered.
In a 45 minute meeting, you can ask Tim absolutely anything and he won’t hold back on providing insightful, beneficial answers.
You’ll be given genuine, strategic solutions to your business growth challenges, honestly, openly and with integrity.
Integrity is what’s important in business, to us and with our clients. If that’s important to you too, make a positive decision today to start to transform your business and quality of life.