Mentoring in business refers to a relationship between an experienced businessperson (the mentor) and a business owner or employee (the mentee). It can be used at all stages in the business lifecycle and offers benefits to both mentors and mentees.
As a business owner, you may choose to have a mentor for yourself or for your staff. Through mentoring you can develop your business skills for free, which can help you achieve success earlier than you may have on your own.
Mentoring can be informal, with friends, family or business contacts providing support and advice when it's needed. You can also get involved with formal mentoring programs run through government or industry associations.
This guide provides an overview of mentoring programs and how you can get involved as a mentor and mentee.