In Business growth and finance, News

Aspirational businesses owners from across the North East are accelerating their growth thanks to mentoring from some of the region’s most successful business people.

Fulfilling the North East’s strategic economic aim of creating 100,000 ‘more and better jobs’ is reliant on more businesses making the jump to their next level of growth. Many businesses in the region have a turnover that typically fluctuates between 750k and £1.5million with few breaking through to the next stage of growth. This scenario can be driven by many reasons; some decide that this is the right level for them and accept that some years are better than others, whilst others aspire to grow but for various reasons can’t quite make it happen.

Having access to a mentor who has walked the path and has proven invaluable in helping businesses owners to reach their next level of growth. The North East Growth Hub’s Mentors offer their time voluntarily and are motivated by altruistic endeavour, giving back and making a positive contribution to the North East economy.

They have all experienced the pleasure and pain that comes with scaling a business, they’ve got things wrong and made mistakes and got things right and achieved success. It’s this insight and learning from experience that when passed on has enabled other business owners to short cut barriers and accelerate results. Mentees have typically benefited through:

  • Improving their leadership style
  • Developing a more sustainable business model
  • Accelerating their growth
  • Developing better business skills and planning
  • Achieving better sales and lead generation.

Quality of experience is key. We take great care in selecting suitable mentors and mentees and go to great lengths to ensure strong, trusting and effective matches are made.  It would be great to think that this could be facilitated by a clever database, however, experience shows that a great match can only be achieved by gaining a good understanding of the business and the motivations, interests and personality of both mentor and mentee.

If you want to learn more about the benefits of being a mentor or a mentee, please join us on Thursday  23 May, where the  globally renowned Mr Mentoring himself, David Clutterbuck, will be visiting the North East. Come along, meet mentors, mentees and explore what it means to you and your future.

If you are interested, email us at [email protected] to book your space.

May I end by saying a big thanks to all our mentors and mentees – you are amazing! Thanks for helping others reach their full potential.

Colin Bell, Business Growth Director, North East Local Enterprise Partnership.

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