Mentors are Invaluable

by Tony Ritchie on March 21st, 2012 / No Comment

Category: Mentoring Questions

Tony-RitchieSPECIAL GUEST BLOG By Tony Ritchie, Management Mentor, Mentors.ie

It’s virtually impossible to place a value on expertise. This is especially true when it comes to the expertise of many individuals. These types of individuals can be found at Mentor.ie. Each mentor offers clients their work experience and detailed expertise in diverse fields and industries. The mentors here are great resources when it comes to business set-ups.

You can also utilize Mentor.ie for an existing business. The goal of each business or company is to be productive and to succeed in their field. Having access to mentors to steer and smooth this process is an asset. Mentor.ie offers veteran executives and non-executives with experience to share with businesses. They are equipped to lead you to the success that you desire. Let’s take a look at some of the ways that Mentor.ie can help you.

Advice about Business

Mentor.ie mentors are able to provide businesses with advice. This type of access is very valuable no matter what type of business you have. Advice can be used to stabilize troubling situations. At the same time, you can use this information to better approach your business objectives.

Fine Tune Strategy

A business’ strategy is what it uses to achieve goals. A winning strategy is one that is proven to have worked in the past. Mentors are experienced with these types of strategies. They can help you to fine-tune your strategy if it has not been clearly defined. Employees of your business need this clarification in order to perform efficiently.

Fill Chairperson Seats

Every relevant business model includes a board of directors. You will need to find competent individuals to fill your roles here. Mentor.ie provides the right people for this work. They can fill seats like Chairpersons, Non-Executive Directors, and Consultants. Mentor.ie takes the challenge out of searching to fill roles.

A mentor can be one of the most valuable relationships in life. This is the case both personally and professionally. Mentor.ie provides skilled executives and non-executives through their staff. These mentors offer years of experience and expertise when it comes to corporate governance. You will be able to tailor your business to make it more productive and successful.

Business Start-Up Guide

by Tony Ritchie on March 16th, 2012 / No Comment

Category: Leadership, Mentoring Questions

Tony-RitchieSPECIAL GUEST BLOG By Tony Ritchie, Management Mentor, Mentors.ie

There are several issues to consider when starting a business including writing a business plan, legal obligations and financing along with seeking guidance for those and other topics of concern.

When deciding to become a business owner, it is important to conceive initial ideas and reach out to a mentor.  Mentors allow for personal counseling in the process and procedures of business start-up from an insider’s perspective.  Having a mentor in the situation can make this phase easier by reducing stress and increasing confidence in potential success.

There are certain resources available to unemployed workers and foreign nationals who wish to establish a business in Ireland.  For example, citizens of the European Economic Area (EEA) or Switzerland do not need permission for business start-up here, while unemployed Irish citizens may be eligible for assistance via the Back to Work Enterprise Allowance (BTWEA) or the Short-Term Enterprise Allowance (STEA).

According to they type of structure needed, per clientele and risk potential, businesses are set up as a sole trader, a partnership or a limited company.  A sole trader is the most simple start-up mainly requiring a person to register as self-employed with the Revenue Commissioners, while logging any business names with the Companies Registration Office.  The structure is personalized, however, by allowing potential creditors to seek personal assets for any potential debt if the business fails.

A partnership is the legal structure offered for two or more people that seek to join into establishing a business together.  A solicitor draws up a partners agreement that binds those individuals and holds them personally responsible for any debt.  A limited company structure is offered to those seeking to have the business established as a separate legal entity, with no personal contract to assume any related debt.

A business plan and funding concerns are also extremely important components of start-up planning.  Many County & City Enterprise Boards offer assistance to new businesses including grants and help with planning, which includes formulating and writing the business plan.  With many small business having difficulty establishing credit, the government has confirmed a partial loan guarantee scheme and a micro-finance loan fund for companies in Budget 2012 to help those seeking to establish enterprising endeavors.

Start Your Business the Right Way

by Tony Ritchie on March 2nd, 2012 / No Comment

Category: Mentoring Questions

Tony-RitchieSPECIAL GUEST BLOG By Tony Ritchie, Management Mentor, Mentors.ie

Many people throughout Ireland are looking to set-up a successful company or business. Some simply want to find methods of operating their current business that have been proven. Mentors.ie is one of the best offerings when it comes to the corporate governance of businesses. It utilizes the idea of a mentor in this process. Mentors have long been valuable resources when it comes to one’s personal life and professional life.

Mentors.ie pushes this concept to the next level. Through its staff of experienced and qualified individuals they offer businesses everything that they need to succeed. The staff is composed of veteran executives and non-executives. Each brings their own experience in the corporate world to the table. Through the use of their experience business owners are able to better organize their businesses.

Mentors Fill Roles

Mentors can be used to fill a number of roles for businesses. They can function as Chairpersons, Non-Executive Directors, Consultants and more. Your board will require diversity in order to function properly. Mentor.ie has this diversity when it comes to filling your roles.

Mentors Share Expertise

You will discover that the mentors at Mentor.ie are equipped with a lot of expertise. They have experience dealing with a variety of issues. This expertise can be put to good use in your business. Businesses will have access to this knowledge when it comes to strategy goals. Defining strategy or re-defining it will play a role in the ultimate success and performance of your business.

Mentors Face Challenges

One very important thing that mentors provide is assistance when challenges arise. There will be challenges at times that must be dealt with. Mentor.ie applies an approach that has worked well in many industries. Looking at business, people, sales, operations, and strategy is a good approach to effectively starting your business.

Mentors.ie is one of the most unique approaches to use when starting a business. The resources offered here are proven to succeed. Having help to plan a winning strategy, you will help you see a transformation in your business operations. Mentors offer a variety of expertise that will apply to your own business model.

3 Principles of Business Leadership

by Tony Ritchie on February 17th, 2012 / No Comment

Category: Leadership, Mentoring Questions

Tony-RitchieSPECIAL GUEST BLOG By Tony Ritchie, Management Mentor, Mentors.ie

Whether you dream of starting your own business or you just want to enter the exciting world of Irish business, there are three basic tenants of leadership to follow in order to become successful.

1. The ‘entrepreneurial spirit’ must burn within.

The yearning of building a successful business will hinge on passion, innovation and enterprise.  Efficient business leaders possess the characteristics and mindset of an entrepreneur with the initiative to make money through risk.  The level of risk is highly critical and can determine the amount of success.  However, taking that initial risk is a must in order to profit in any new endeavor.  New and existing business owners and executives should continue to assess entrepreneurial opportunities in this knowledge-based economy by taking innovative ideas and commercializing them.

2. Business plays a fundamental role in society.

Social issues are always concerned in business dealings and relationships.  Society affects everything from internal ethics to external marketing and all other aspects of corporate behaviour and strategy.  Business creates employment and wealth, thus contributing to public services.  Issues like resources depletion, treatment of factory workers in developing countries and global warming are among the vast array of societal concerns that impact the decisions of business leaders.

3. Life-long learning fosters greater success.

Continuing advancement in personal development is also a key component of successful leadership in the modern business world.  Staying informed of news and technological advances in every niche of enterprise along with routine assessment and improvement in soft skills like diplomacy, interpersonal communication, conflict resolution, team-building and persuasion are integral to success and happiness as a business leader.  Life-long learning in the traditional form of continuing education happens in many settings but especially conferences, webinars and other meetings of business professionals.

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