Examples of Mentoring Themes
How can the mentoring service help you?
If you are not sure how the mentoring service can support you and your business, the following are some examples of the types of topics you can explore with your business mentor.
Managing your Finances
Cashflow
Marketing
Food and Beverage Operations
Selling your Rooms
Managing Employees
Your mentor can help you to manage all aspects of your finances:
- Successfully deal with your bank manager
- Maximise credit terms with your suppliers
- Effective stock control – advice on stock control procedures
- Manage your loan and banking costs
- Manage you budgets and forecasts – implement departmental cost controls
- Successfully track and manage staff costs
Cash is the oxygen your business needs to survive and is a key indicator of your business health. Your mentor will help you to:
- Establish your breakeven point - what level of income do you need to be making to cover your costs
- Achieve cost savings throughout your business
- Manage and control your utility costs
- Prepare a cash flow plan for your business - to identify timings of major cash outflows and plan for it.
In challenging economic times you must work harder and smarter to generate sales. Your mentor will help you look closely at marketing initiatives and how to track effectiveness.
- Understand your customer base and segmentation
- Develop a sales and marketing plan to maximise results
- Develop offers and packages to increase sales
- Targeted email marketing for your business
- Investigate new markets and ways to access them
- Web 2.0 – Using social media to reach your customers
- Add value to your product
- Expanding your customer base using marketing and distribution channels
Our panel of mentors include experienced professionals who are experts in this field and can help you reduce your costs and increase profits by:
- Costing your menu effectively to maximise mark-up and seasonal ingredients
- Improving food ordering processes to maximise savings and avoid overstocking
- Kitchen management
- Menu engineering
- Identify your food and beverage mark-ups
Our team of mentors can help you to develop tailored strategies and plans for your accommodation business:
- Strategies to increase RevPar
- Develop your unique selling point
- Create marketing packages and special offers to brand your unique product
- Develop your strategy for accommodation rates and establish your breakeven point
- Strategies to increase occupancy
Payroll is your biggest cost: make sure it is well spent. Your human resource mentor could help you to:
- Successfully track and manage your staff costs
- Ensure you are NERA ( National Employment Rights Authority ) compliant
- Deal with restructuring and redundancy obligations
- Solve difficulties with payroll, staffing levels and HR legislation
- Improve staff performance and productivity
- Train and up - skill staff outside their core role and across departments
Please contact your local Fáilte Ireland office for further detail on the Business Mentoring & Advisory Service
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