Caretrain Meeting-2 14.10.15A Definition of Mentoring:

Mentoring is a one-to-one relationship over a period of time between a less experienced person (mentee) and an established professional (mentor), which provides consistent support, guidance and practical help

  • a process by which an experienced professional shares their personal skills, knowledge and experience with another person
  • a means of enabling a less experienced person to gain the necessary skills, knowledge and confidence to be able to perform at a higher level
  • an opportunity for a less experienced person to gain access to impartial, non-judgmental guidance and support
  • a process of working together to achieve predetermined goals and objectives
  • a two-way process through which both parties derive satisfaction from the progress, and success is attained through working together.

Source: An Introduction to Enterprise Mentoring © SFEDI Group & Essential Business, 2011

mentoringDA07CA1411CAMentoring with Think Cash

We take this a little bit further starting from the position of managing and understanding how cash flows through your business.

Having been in business for over thirty years I wrote Cash Management – Making your business cash-rich without breaking the bank now in its second edition. This led to cash flow seminars at Coventry and Birmingham Chambers, lectures at Coventry University Institute of Applied Entrepreneurship and the start of Think Cash, a personal consultancy to help companies find the cash they require within their business.

This inevitably lead to us mentoring companies, to start with we set up this process.

  1. We spend one hour a week understanding your business and showing you how to put together a very simple cash flow chart.
  1. This becomes the basis for our future meetings, which quickly move to regular monthly ones.

Once you truly know your cash requirement, you will find it much easier to start working out how to meet it.

From this point on you start to really benefit from the advice of someone who has been there, made the mistake, survived and is now there to make certain you don’t make these mistakes.

As a member subscribing to receive our weekly e-mails Tony Dalton and the Think Cash! team are available carry out small bite mentoring by using Skype at no cost to you for a maximum of two hours a week.

To learn more and sign up for Mentoring with Think Cash, please see our membership page.

Our role when we mentor is to encourage your personal and professional development through the sharing of knowledge, expertise and experience. This relationship is built on mutual trust, respect and communication, and involves regular meetings to exchange ideas, discuss progress and set goals for further development.

By having the guidance, encouragement and support from a trusted and experienced mentor provides you with a broad range of personal and professional benefits, which ultimately lead to improved performance.