Thirty per cent of new businesses don’t survive their first two years. But 70 per cent of mentored businesses survive longer than five years. So, business mentoring can really make a huge difference. Lanna Hill, director of One Small Step Business Coaching, joins BNR to explain why it works.
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Here are some key take-outs:
- A business coach is a formal relationship, whereas a mentor is a casual relationship that’s generally not paid
- Coaches and mentors help you establish your business goals and then guide you towards achieving them
- Too often we’re working in our business and not working on Having a mentor helps ensure you’re still growing and evolving your business.
On My Desk
- Here’s Lanna’s recommendation, the Forest app
- Sarah’s suggestion was this article in the Atlantic
- Nic’s recommendation was Mike Edmonds’ book Truth, Growth, Repeat
- James suggested the book The Scientific Secrets of Perfect Timing.
Links you might need
- Here’s where you’ll find Lanna at One Small Step
- And here’s the article from Entrepreneur magazine where that 30% stat comes from.
Have you heard the one about…
Recently James and Nic discussed the mishandling of the ball-tampering scandal rocking Australian cricket.
And in this episode the lads are joined by event expert Tamara Cook to find out how to host the perfect in-person event.
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