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Do you have a mentor? National Mentoring Day 2017

By on October 16, 2017 in Office Life, Office Workers

National Mentoring Day

A global celebration is taking place on Friday, October 27  to recognise the benefits of mentoring for individuals and businesses.

National Mentoring Day aims to raise awareness of the invaluable contribution mentoring brings to society and the economy. The event aims to encourage discussions and showcase the benefits of being a mentor and being mentored.

Everyone from individuals, companies, schools, communities, universities and governments are encouraged to share their own mentoring success stories and case studies and to use the day to participate in raising awareness about mentoring, available mentoring schemes and promoting the positive benefits that mentoring brings.

  • Research has shown that 70% of small businesses that receive mentoring survive for five years or more, which is double the rate compared with non-mentored entrepreneurs.
  • Of those with a mentor 97% say they are valuable, 55% believe mentoring can help them succeed, 60% look for experience in a mentor above anything else, but 85% currently do not have a mentor.
  • 93% of small and medium sized businesses acknowledge that mentoring can help them to succeed. Although only 25% of small and medium sized businesses currently make use of business mentors.
  • A recent survey by the UK’s Department for Business, Innovation and Skills found that 94% of SMEs using external support have seen benefits. These firms are more ambitious and have higher relative turnovers.
  • 67% of businesses reported an increase in productivity due to mentoring.
  • 55% of businesses felt that mentoring had a positive impact on their PROFITS.

Benefits can include accelerated learning, access to resources, contacts, support, feedback and being given a fresh/different perspective. Goals can often be achieved quicker and a good mentor can also identify new skills and help to inspire, motivate and increase confidence or self-esteem and provide a platform of accountability. Mentoring can improve the mentee’s ability to resolve challenges and in the case of business mentoring; the ability to stay in business for the longer term. A mentor can help assess strengths and weaknesses, develop new skills and help in planning and implementing short and long term goals.

Source: FSB, Sage.com, Mentorsme

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