Business Mentoring

The Issues

Based on twenty years experience which is covered in his book The Private World of Family Business, suite of 30 articles available through this website and 30 years in practice as a Chartered Accountant working with high net worth Family and Private Business owners, Graham Connolly has identified important issues which confirm the need for Business Mentoring:

 1. "It's lonely at the top" - who can you trust to share Confidential Business

Information?

 2. Who guides the next generation when they are in the business?

 3. The business is successful but you're tired. Who plans future growth and prosperity?

 4. Your Management Team has been successful while you were there to guide them. How successful would they be without you?

 5. Appropriate Management Standards are essential. When did you last have them assessed?

 6. Corporate Governance Standards differentiate well Managed from ‘Investment/Sale Ready Businesses’. How Investment/Sale Ready is your Business?

 7. You need to keep your assets secure. How can you finance growth?

 8. Having a sound Business Plan in place is an important tool to ease pressure on financing growth and funding retirement.

 9. Key employees have always relied on your personal input, but have never really been informed on how the business is going. They see their future at risk if your Management Standards are inadequate for the size of your business.

 10. Trusted employees need to be retained to support a business value.

 The appointment of a Business Mentor can ensure this occurs.