National Brokers Network

Building a good working relationship with a business mentor

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business problem

The usual problem business owners who feel stuck have is their inability to move forward. And that’s either because they have been so caught up with running the whole thing that they have lost the ability to identify what will help make the business grow, OR they’re new to the business game and lack the expertise to address key areas of the trade.

In cases such as this, the best solution is to get reinforcement in the form of a business mentor. This person can provide valuable advice and guidance which will kick start fundamental changes that will renew the business and take it up to the next level.

While many business owners feel confident enough with the direction their businesses are heading, others subscribe to the services of a business mentor to save their business or to develop it even further.

However, not all mentor relationships are built for success. Business mentors are not for everyone, but for those who decide to give it a shot, here are top ingredients for a healthy business owner-business mentor relationship.


A business mentor is someone business owners will be compelled to share information with. It is important for these two individuals to be comfortable and compatible with one another to have good communication flow.


A business owner needs to have confidence in his business mentor’s judgment. He needs to take the advice given to him and take action based on it. Otherwise, meetings and consultations between both parties will all be for naught.


There is such a thing as free business mentoring, but business owners cannot expect to get quick responses if they are not willing to pay for consultations and valuable business advice. Paying for the assistance of a business mentor will provide greater guarantee that he will be there when needed.


In this sort of business relationship, it is important to have open communication lines and absolute honesty. That way, the expectations of both sides will be set and will be clear right from the beginning. This will also help ensure both parties will always be on the same page and share the same objectives.


A business owner needs to help the business mentor gain a solid understanding of the business: what it does, how it works, and the current state it is in. That way, whatever advice the business mentor will give will be based on facts and will be relevant to the business owner’s company.

For business property needs, a commercial real estate broker Victoria is the perfect person to seek for pertinent advice and information about the current property market trend and forecast.

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1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
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6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

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