business, marketing, mentoring

The Differences Between Business Mentoring & Coaching

It is a common mistake made by many who think business mentoring and coaching are similar or even the same thing. But they’re not!  There are so many differences between the two industries, but here are the main few to note.

“A coach has some great questions for your answers; a mentor has some great answers for your questions.”

Short Term –v- Long Term

Business mentoring is always long term and is all about the journey you embark upon especially when embracing change. To truly have a successful mentoring relationship, there is a requirement of time to allow both parties to learn about one another and build a climate of trust that creates an environment in which the client can feel secure in sharing the real issues that impact his or her business. Successful mentoring relationships can last for many months and can sometimes go on for years.  Confidentiality is crucial.

Coaching is short term and goal orientated. A coach is usually involved with a client for a short period of time, maybe even just a few sessions. The coaching lasts for as long as is needed, depending on the purpose of the coaching relationship.

Strategy – v- Immediate

M – Business mentoring focuses on determining the strategic purpose, the key problem areas, the specific mentoring goals and the specific components that will guide the relationship, especially when business issues have been identified and require long term attention.

C – Coaching does not require strategy and can be conducted almost immediately on any given topic and does not necessarily require a long lead-time to actually implement a coaching program.

Development –v- Performance

M- Business mentoring is development driven with its main purpose to develop the client not only for their existing role or business, but well into the future. It’s all about developing skills and analysis techniques for use for many years to come.

C – Coaching is performance driven and focuses on improving the clients performance on the job or in a specific role. This involves either enhancing current skills or acquiring new skills. Once the client successfully acquires the skills, the coach is no longer needed.

Mentor Skills – V – Coach Skills

M– A business mentor is normally more experienced and qualified in business than the client.  Their knowledge and experience would often be gained from holding a senior business position in an organisation and or possess the relevant business qualification.

C – Coaching is generally not performed on the basis that the coach needs to have direct experience of their client’s formal occupational role, unless the coaching is specific and skills-focused.  A coach offers a client a process to follow to help reach those.

If you would like to learn more about business mentoring and what it can do for your business, then contact us today.