Home News Small Businesses

Good advice

PAUSE for a moment and think about your business. Maybe things are going along nicely; the orders are coming in, customers are satisfied and the staff must be OK as they aren’t complaining. You are doing a great job – well done, you!

You are in a strong position, so maybe it’s time to consider raising the bar, upping your game, getting ahead of the rest. It is very easy to do what you have always done, especially if it’s working. To be the best, however, may require a bit of support. Tiger Woods is a fantastic golfer, but he still has someone working with him to ensure his optimum performance. You may be a fantastic operator, but could you benefit from the wisdom of a mentor to drive you further forward?

True mentoring has amazing business and personal benefits. Not to be confused with an adviser or a counsellor, the right mentor will not tell you how things should be done but will inspire, share wisdom and reinforce your self-belief. There is a real benefit in connecting with someone who may have met similar challenges and who can save you time by sharing their story, perhaps stopping you from making the same mistake as they did. Another powerful benefit that emerges from the mentor/mentee relationship is access to the mentor’s personal networks, which can be invaluable – in businesses the ‘know who’ can be as important as the ‘know how’.

The trick is in finding the right mentor; chemistry is everything. You need to be very clear about expectations from both sides, avoiding any potential conflicts of interest.

A mentor should be prepared to share experience freely and voluntarily, and this relationship takes time to build.

You’ve got nothing to lose, you could grow your business and yourself and furthermore, you could gain a friend for life!

Carole White

Building Up Business manager Tedco.

If you require any further support or advice on mentoring, please call Tedco on (0191) 428-3300, email starting@tedco.org or visit us at www.tedco.org

Small Businesses

Book will help float inventor’s big idea

A UNIVERSITY lecturer hopes to get his waterproof rucksack business off the ground after publishing a book about the rugged country pursuit of swimhiking. Read

Moving out can be complex

WHAT are the options for a tenant who still has years left on his lease, but wishes to vacate the premises? Read

Latest North-East Business News

Ammunition

MoD deal boost for North East BAE site

The 15-year partnership deal between BAE and the MoD will see massive investment in the company’s three main sites around the UK. Read

Persimmon profits fall

HOUSEBUILDER Persimmon announced a two-thirds slump in first half profits today - a month after making 60 people redundant in the region. Read

Business Interviews

Mark Spincer

New racecourse boss has a lot on his Plate

IT IS perhaps not the best time to meet Mark Spincer. Right at the peak of the busy summer period of high profile race meetings at Gosforth Park, he has a lot on his Northumberland Plate, having only recently been installed as the racecourse’s new boss. Read

Malcolm Dix

Shearer and Che Guevara on his team

He started with The Gas Board and had a long-running fight with the Newcastle United board, so a small distraction like retirement hasn’t kept Malcolm Dix quiet, says Alastair Gilmour. Read