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Archive for the ‘Mentoring’ Category

UBC Alumni: The Next Step – Getting Down to Business

Tuesday, November 8th, 2011

We had a fabulous time at last week’s “The Next Step: Getting Down to Business” event. Thank you to UBC Alumni Affairs for inviting our own Sandy Huang to be on the panel. Here’s some pictures to share the fun! All pictures are courtesy of The Next Step.

From left to right: John Horn (Moderator), Christy Louth (Executive Director, Clinton Giustra Sustainable Growth Initiative - Canada), Alden Habacon (Director, Intercultural Understanding Strategy Development, UBC), Sandy Huang (President, Pinpoint Tactics Business Consulting)

 

Business Mentoring v.s. Business Coaching v.s. Business Consulting

Wednesday, June 16th, 2010

I have been asked many times the difference between coaching, and consulting, and how mentoring fits into this. It’s a good idea for business owners to know the difference and identify what they need help with before going out and hiring someone.

Mentors typical walk alongside of business owners and impart wisdom by sharing their own successes and failures. Mentorship is usually developed organically. Nowadays, many government agencies serving small business owners, such as Women’s Entreprise Centre, connect business owners with a mentor as well.

Coaches help by probing and asking questions business owners need to find answers to – it’s a self-discovery process. Business owners often benefit from having someone to keep them accountable. Coaches usually work with business owners over the phone for a couple of hours a month.

Business consultants, contrary to coaches,  focus on the business challenge and help by solving problems and offering suggestions to a specific business issue, such as marketing or strategic planning. Consultants work with business owners to understand the external environment they’re operating in, the internal business capabilities, and strategize to come up with the best course of action for the company to move forward.

The Four People Every Business Owner Needs

Friday, July 25th, 2008

One of the online periodicals I subscribe to is entrepreneur.com. It’s on my “top three” most practical small business resources list, as it always provides me with straight forward yet useful ideas that I can refer to when I help my clients with their businesses.

A few mornings ago, I was quickly checking my emails before slipping out for my morning walk with my dog, one article on the entrepreneur.com of the day email caught my eyes. “The 4 People Every Business Owner Needs.”

I’m in the business of helping other small businesses, which also makes me a small business owner. I thought, “Wow, I wish I came across articles like this earlier. Running a business of my own is lonely!” Not to mention the anxiety, the challenges, and often times the confusion of it. I decided to read on, and here is a quick summary of the 4 people:

“The Cheerleader”

These are the people who believe in you and in your ideas as you struggle through the start-up period. As a small business owner, I know how it feels – when you’re not making the ends meet, you start to question your decision, and worse yet, your ability to run a business. It’s a blessing if you’re surrounded by at least one positive-thinking person who will support you and speak the word of encouragement.

“The Role Model”

The role model can be a mentor, but often times, it’s someone who’s providing support through the concept of “do as I do.” He or she can be a family member, who may be inspiring your sense of work ethics; or your friend, who is determined and has a love for learning. If you can find a few of these role models, it’s like forming your own Board of Directors.

“The Expert”

Experts can be friends who have the know-how’s, e.g. Pete the next door neighbour who happens to be a sales professional; Laura the high school friend who is also a seasoned marketing manager by day. When you have your eyes too focused on keeping your business afloat, your experts can provide the missing pieces and help you look at the big pictures.

“The Techie”

A techie can also be an expert in the above category, but basically the idea is that good technical support is hard to find. Hang on to one with your dear life when you find him or her. Your techie will save you a lot of time, money, and energy, and help with important tasks such as creating your website and launching email campaigns.

Consider yourself very lucky if you already have all 4 of these people in your corner. If not, it’s not too late to search hard in your inner circle, go out and network more, or even pay for a mentor, an expert, and a techie. It takes a little village to raise a business.