Have you heard of the “Power of Three” and Problem-Based Learning? Read what we have to offer you.
Ask our mentoring experts, who are highly experienced business professionals to help you for instance
We have developed an innovative and easy to use business planning maps that demystify the process for example
Sherpha Expert Mentors / Coaches help you develop your business ideas for growth by sharing their skills, expertise, experience and contacts. Find mentors with the knowledge and experience relevant to your business. See our mentor’s page https://sherpha.com/mentoring-coaching-business-startups-ideas-for-startups/, We provide expert business mentoring and coaching services to England, Scotland, Wales, Ireland, USA, Canada, Australia, New Zealand, and European Union Countries.
What is a business mentor/coach?
A business mentor/coach is an experienced individual who can offer guidance to another individual. Our expert business mentors/coaches are experienced business professionals who provide 1:1 support to new Start-up with business planning techniques throughout the early stages of your business journey.
What is a business mentor/coach role?
A mentor is a sounding board to help you develop your own confidence, knowledge, and skills. They are not there to tell you what to do, or even how to do it, but to help you make the right decision for yourself.
How will business mentoring/coaching help you?
When both parties work together effectively, a business mentoring/coaching relationship offers you:
1. An independent, external perspective for making decisions by keeping you focused and accountable.
2. A mentor is a trusted shoulder to lean on when you are feeling anxious or uncertain.
3. An outlet for discussing ideas, challenges, and new opportunities.
4. General guidance on areas you have less experience with like people management, marketing, finance and legal.
5. Access to new business networks, connections, or other helpful resources.
Business Mentoring/Coaching cannot help you with:
Marketing your business for you.
Provide you with specific legal advice.
A business mentor/coach may be able to offer general assistance, but you should always seek professional guidance in legal matters.
Developing your strategy or plans for you – they will be able to support you in considering your options, but you are ultimately responsible for any decisions you make about your business.
Why do we offer business mentoring/coaching support?
When we studied the impact of mentoring on our clients, we observed a positive connection between a business owner’s participation in mentoring and their confidence, optimism and business survival.
This is supported by several independent studies in the UK, Ireland, and the world over. Of course, there are no guaranteed results, but in most cases, we believe our expert business mentoring /coaching will help put you in the best possible position to build your business by reducing the risk associated with Starting Your Own Business.
How is business mentoring / coaching delivered?
This is agreed upon between the mentor and mentee, depending on what works for both parties. Mentoring can be delivered face-to-face, with both parties meeting up in a public venue like a cafe, library, or work hub.
Where face-to-face mentoring is not possible we can however, also conduct your mentoring sessions via telephone, online chat (like Skype or Zoom) or even email. Where possible we recommend having the first mentoring session in-person to help establish a trusting relationship.
How often do you have to catch up with your mentor?
We recommend blocks of three hours, each mentoring session to last one hour. You can increase the number of business mentoring sessions in multiple of three-hour blocks. With our bespoke and unique business planning maps you will receive business mentoring/coaching included in the pricing. https://sherpha.com/business-planning-maps/. These business mentoring / coaching sessions to be within one month of each other.
Ultimately, it’s up to you and your business mentor/coach to decide what arrangement works for you both.
I took part in a one-week Business start-up program The Tutor for the week was Thomas Cullen of Sherpha. As an instructor he was outstanding. His teaching skills were exceptional. He effortlessly set up a very good rapport with the great variety of people on the course. Thomas was engaging, direct, on top of his brief ( rarely if ever needing to consult notes) his PowerPoint presentations were always just that; on point and powerful.
Thomas had all those participating in the class arguing, discussing, talking points of view, imagining situations, and at all times commenting and tangling with the brief whatever that was on the day. If the sun was to set on all his skills tomorrow the one that stood out was his honesty.
Incredible success and abject failure were either side of the coin of that experience. He never shirked from putting himself on the mountain top to laud his success; equally, Thomas told the story of his failures with candor.
His confidence was unbounded and his belief in what he was doing absolutely. Thomas’s experience of the business world and his legal background packs an enormous punch when they combine in what is his obvious calling mentoring those who are trying to get going in business.
Firstly, return expected and why?
Secondly, what resources required to win?
Thirdly, what are the risks, challenges, and barriers associated with the project or business?
Where it has come from, where it is now, and where it is going in the future?
How it intends to get there, how much money is needed?
What makes it likely to succeed and the threats or weaknesses need to be overcome?
A business plan is 75% research and 25% format
It provides a ØStrategic Guide for you. Ø A plan for Lenders / Grants now. ØInvestors in the future.
We will now provide you with some tips and hints to learn how to write a business plan
However, the most important function that a great Executive Summary serves is communicating to the reader why they should read the rest of the business plan, and why you want them to.
In this section of the business plan, you should explain precisely:
Explain, what are the compelling reasons why the business will succeed in an extremely competitive environment? What are the market dynamics that provide a business opportunity?
That is to say, outline how you compare to others in the marketplace and the goods or services they provide. Explain how you will compete and on what terms can you excel.
Above all this requires a deep understanding of your marketplace and how your business positions itself and how you will compete with existing players.
Give an overview of the people and processes of your operations and what competitive advantages do you have so that you can successfully realize the business opportunity, therefore :
Operational Plan –all day-to-day operations of the business.
Firstly you should include, Production or Service Delivery; Quality Control; Inventory; Suppliers; Credit policies; Legal environment; and location.
Secondly Structure – Provide a list of the people involved experience and their roles in the business use an organization chart. Also, include any third-party advisors and non-executive directors.
Above all, be realistic but stretch your projections, budgets, and goals that are unique to each business. Explain your assumptions on which you based your forecasts. Every good Financial Plan will include: