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How much does it typically cost to hire small business mentor? Is there any way of getting a business mentor for free?
1.11K views
Ossiana Tepfenhart, House Writer at Empire State Crew
So, I can answer this pretty well since I had a writing mentor in the type of showbiz I work in. The truth is that a lot of mentorships don't cost a dime, and to a point, that's how it SHOULD be. But, let's say that you go the hiring route first.
If you hire a professional business mentor, then you're going to look at $500 a month at a minimum. Some mentors, such as that Mark Cuban guy, will charge way more simply because they are celebrities who have a lot more fame and success. It's not unusual to hear of some Fortune 500 mentors charging as much as $10,000 a month.
For that money, you better be getting some quality advice and real in-depth looks at how you run your business. If you don't, then you are going to be SOL and you're going to be out of money. It happens a lot more than you think.
But let's say that you get one for free. It's possible, especially in fields like showbiz or music. There are perks and pitfalls here. First off, your mentor will likely be a major friend and ally of yours. It also won't cost anything for advice. However, you might end up getting what you pay for. It's kind of a crapshoot, but it's often worth it.
Want to know how to get a mentor for free? Here's the scoop:
Would love to know what books you'd recommend :)
1.22K views
Have you ever hired a professional business coach to come in and do sessions with your team? What are the biggest benefits of coaching in the workplace? Would you recommend hiring a workplace coach?
748 views
Ossiana Tepfenhart, House Writer at Empire State Crew
Business coaching in the workplace is a good move for companies of all sizes, particularly if they have a lot of inner strife that they deal with. If you're a manager looking to hire a business coach for managerial reasons, one of the biggest benefits is getting a second pair of eyes.
Personally, I've seen business coaching pay off in the following ways:
What are the average prices for online business coaching in Australia? Is online coaching slightly cheaper than face to face coaching?
337 views
Ossiana Tepfenhart, House Writer at Empire State Crew
Online business coaching can be cheaper than in-person, but that's not a rule. Most business coaches are okay traveling for their clients. However, they might charge a lower rate if they feel like it'll be less of a hassle for them to do it online.
With that said, it's also pretty hard to get an exact number on business coaches because I've seen them charge a wide range of prices depending on what they do and how they do it. On average, most Aussie online coaches charge between $100 to $300 AUD per hour on coaching.
Though the average rests between $100 to $300, the full range of prices I've personally seen runs from $50 to upwards of $1000 per hour. When hiring a business coach, I suggest you ask the following things:
Jef Lippiatt, Owner at Startup Chucktown
I find that limiting yourself to times (or short bursts) of concentration to be very helpful. For example block off 30 minutes or an hour to focus on a specific task. Include time to get up and walk around to let your thoughts marinate and solidify.
Miriam Miles , Founder at Resonate - Online Presence Development
I'd love to add to this great answer (you beat me to it Jeff!) that for those of us who's brains might be wired on high speed at all times, concentration can be a really difficult thing to grasp. I recently came across the Pomodoro technique (25 min stints of concentrated work with a five min break each time) and although I've not used the specific technique yet, it really resonates with me. So, if you're better at short burst activity and focus, run with it! Just because your colleague can sit for hours on end entrenched in a spreadsheet or detailed doc doesn't mean you have to as well. Be yourself, go with the natural ebb and flow of your energy and natural focus levels and exploit that instead. You'll be amazed at what happens when you switch into your natural way of doing things!
Jef Lippiatt , Owner at Startup Chucktown
Great expansion answer. I prefer the Albert Einstein approach, “If I had an hour to solve a problem I'd spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.” - Albert Einstein. I prefer to do a deep dive on all or as many underlying issues as possible before I just start throwing out solutions. Solutions that are easy to spit out usually do not address anything other than the obvious surface issues. I've always thought problems are more interesting than their solutions.
Have you hired a business coach or consultant before and was it worth it? What did you gain?
2.57K views
Bruce Patten, Grants Specialist at Pattens Group Pty Ltd
Hiring a grants consultant provides significant benefits, depending on your specific needs and circumstances. Here are some of the key values they can bring:
Expertise and Knowledge: They are are experienced in navigating the complex landscape of grant funding. They understand the nuances of different grant programs, eligibility criteria, application processes, and compliance requirements. Their expertise can save you time and effort in researching and understanding these details.
Increased Funding Opportunities: They can help you identify a wider range of potential funding sources that align with your organization's goals and projects. They often have insights into niche or specialized grant opportunities that you might not be aware of.
Improved Grant Application Quality: They can assist in crafting compelling grant proposals. They know what funders look for in applications and can help you present your case in the most persuasive manner. This can increase your chances of securing grant funding.
Strategic Guidance: Beyond individual grant applications, consultants can provide strategic advice on how to approach grant funding as part of your overall fundraising strategy. They can help prioritize opportunities, plan for long-term sustainability, and integrate grant funding with other revenue streams.
Efficiency and Effectiveness: With a consultant handling the grant-seeking process, your team can focus more on programmatic activities and core operations. This division of labor can lead to more efficient use of resources and a higher return on investment in terms of grant funding secured.
Compliance and Reporting Assistance: After receiving a grant, consultants can help ensure that you meet all reporting and compliance requirements (when required). This helps maintain positive relationships with funders and improves your chances of receiving future funding.
Networking and Relationships: Experienced consultants often have established relationships with funders and other stakeholders in the grant community. These connections can sometimes open doors to funding opportunities that might not be widely advertised.
Overall, the value they bring in terms of expertise, efficiency and increased funding potential is significant and can accelerate the busness growth and potential.
We all have them. What gets to you the most?
548 views
Amanda Hoffmann - Certified Bookkeeper, BAS Agent, Owner / Manager ★ Certified Bookkeeper ★ BAS Agent at My Office Books - Virtual Bookkeeper & BAS Agent
Particularly with Covid_19, everyone is using Wifi when they work from home. When you work virtually, reliable fast wifi has never been more important. When the NBN slows down to a crawl, so too does your time management and scheduling plans. Definitely slow, unreliable NBN. Broadband was so much faster and reliable.
Hatty Bell , Executive Assistant at Country Road Group
Definitely! Spending 10 minutes saying "hello...hello...are you there...lost you there" is never fun!
How has your business been affected and what do the next 3-6 months look like for your business?
834 views
Kavitha Vipulananda at ALLEURA
My business income has dropped significantly in the last 2 weeks and will do so for about 2 months. I feel after that it will pick up and return to what it was.
Every industry has been impacted differently in recent months. How is your business seeing through this period? Whether you're in accounting, law, marketing, PR or otherwise, we'd love for you to...
1.31K views
Orna Binder, Orna Binder Wedding Celebrant at Orna Binder Wedding Celebrant
For me as a marriage celebrant, it was a bit of a shock at the beginning of the lockdown as we really didn't know what we are facing, as well as weddings were limited to only 5 people for some time, then 10, 20 and we can now see how it's slowly opening up for outdoor venues - at least in NSW.
So I actually used this situation to develop the option of the small wedding at my place in my backyard garden, of course, following the Covid regulations, as they change. Surprisingly enough this alternative actually worked for many couples. Whether it was because of the mandatory regulations, or because couples actually liked the idea of avoiding the big demanding wedding scenario and going with a small intimate wedding ceremony.
At least this way, I could offer couples a nice alternative option to tie the knot.
Hatty Bell , Executive Assistant at Country Road Group
Thanks @Orna Binder - it's brilliant to hear how you have pivoted during this time
Businesses have ceased normal trading and are now looking at online and takeaway and delivery options - how is your business doing? Have you adapted your business model to navigate through the...
1.2K views
Tobias Sherson at Local Restaurant Pty Ltd
Hi there,
I'm Tobias Sherson, head of operations for Local Restaurant PTY LTD which has a new online platform for ordering meals for pickup only.
As a former Publican, the restaurant business is a topic that is very close to my heart and it is extremely painful to watch the businesses struggle throughout the Corona Lockdown.
Something had to been done to support the owners in their time of need.
Enter localrestaurant.com.au which is the creation of my wife Lauren Sherson and her Tech co founder Rafael Cohen.
The company was founded 12 days ago in response to all the local restaurant owners discussing how their margins on delivery orders via the various delivery apps were killing there business. Couple that with the fact local residents were crying out to know which restaurants were actually open and who offered normal take away as picking up food was a legitamate reason to leave the house and get your excercise at the same time.
At localrestaurant.com.au ( our online offering) we provide the customers to order their favourite meals to pick up with 100% of the profit going back to the restaurants as we charge 0% commision on all orders. We have also partnered with a local charity and are encouraging customers to order a second meal which will be donated to a local resident in need, as well as doubling up on the money making its way to the restaurants bottomline.
The restaurant owners are so grateful to find that people are out there activly looking for ways to help them stay afloat.
I encourage everyone to do what ever it takes to keep all industries ticking over.
Local Restaurant is just our little contribution to protect an industry we care about.
If you own a restaurant, please get in touch and we can get you up on our site ASAP to get your profits rolling in again.
Jane Jones , Marketing Consultant at Global Compliance Institute
This is a great initiative @Tobias Sherson .
Jane Jones , Marketing Consultant at Global Compliance Institute
Are you thinking this is something that you'll continue with long term - when we eventually come out the other end of COVID?
Jeffrey Joel, MD at Auspac Trading NSW PL
1. cash flow
2. adding and getting the right staff
3. ever increasing overhead costs, such as insurance, super contributions... list goes on
4. time, never enough hours in the day to do the important things such as growing the business
5. margins, more and more products are now just commodities. It's getting harder and harder to differentiate in order to gain higher margins
Director at Coaster Group
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Owner & Virtual Assistant at Executive Virtual Associate
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