The 3 Ingredients of Business Mentoring
Process
The fastest way to systemise your business is to start with listing all processes in your business. These are the big steps someone follows to achieve an outcome.
Policies
Policies are the rules of how you do business. They are also your WHY you carry out the steps in a process or in a procedure.
Procedure
Procedures are the detailed steps in a process. They are the specific HOW-to ingredients.
Benefits of Mentoring on Systems
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How To Know When You Need Business Mentoring
Without established systems, you may notice that as your business expands, you become increasingly overwhelmed. Your growth could even stagnate due to the heavy reliance on your time and involvement. The longer you postpone implementing these systems, the more challenging your situation may become.
Building a Growth Framework through Mentoring
In addition to systems, two other crucial components of business structure are building a cohesive team and implementing KPIs for each role.
You can achieve around 80% systematisation in your business, while the remaining 20% involves the human element—developing the interpersonal skills necessary to foster teamwork. This enables your staff to actively contribute to refining the systems as they utilise them.
There’s little value in having systems if your team isn’t engaged with them.
Implementing weekly team meetings to discuss KPIs has proven to be an effective means of ensuring employees adhere to the systems. This approach is another key focus in business mentoring.
Benefits of Business Mentoring
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Increased Time
You’ll discover that your day has significantly more hours, allowing you to take entire days or even multiple days off each week.
Empowered Teams
With regular team meetings focused on KPIs and clear systems in place, your employees can operate autonomously, requiring minimal supervision.
Fewer Errors, Happier Customers
When team members adhere to established systems, mistakes diminish. This leads to happier customers, fewer negative reviews on platforms like Google, and ultimately, an increase in clientele.
Enhanced Consistency
The global success of McDonald’s is rooted in their unwavering commitment to consistency. This consistency is vital for accelerating business growth.
Accelerated Growth
Clients often experience multi-million-pound revenue increases within a year, underscoring the transformative power of comprehensive systems embraced by the entire team.
Improved Profit Margins
Effective systems minimise rework and errors while fostering harmonious employee relationships, resulting in profit margins that can rise between 3% and 15% within a year for many clients.
True Freedom
With robust systems fully integrated and utilised by your team, you’ll enjoy greater freedom—giving you the opportunity to take time off, focus on strategic business development, and decide how often you wish to work or holiday, all without a care in the world.
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