Question

In what way is coaching, mentoring, training and seeking and/or providing assistance relevant to those who...

In what way is coaching, mentoring, training and seeking and/or providing assistance relevant to those who are involved in planning small business finances and making financial decisions?

Homework Answers

Answer #1

1. Mentoring focuses on individual development, emphasizing steps that an individual can take to accomplish his or her goals and fulfill their potential

2. Coaching focuses less on the individual and more on performance and skills. Coaches work with their clients to establish goals and objectives, and then guide them toward implementing strategies that lead to success.

3. Advantages associated by seeking assistance includes:

  • Boost productivity
  • Clarify goals and objectives
  • Enhanced self awareness
  • Goal setting
  • Increase earnings
  • Plan implementation
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