Part of the MBC training & coaching service is that the MBC trains a group of people with business experience to coach the new businesses. After the coaches training they will be appointed as a personal coach to an entrepreneur or to a small group of entrepreneurs.
He/she will help the entrepreneurs to implement the Business Plans and to manage the businesses well. Through the regular meetings, the coach will support them to optimize the production or services, to develop their business skills, to plan well and to solve their business problems. In the first 6 months of starting up the businesses, the coach will try to meet with the entrepreneurs every two weeks, to discuss the challenges and problems of their businesses, but also reflecting on their successes.
After 6 months the coaching will be less intense; he will try to meet them every month from now on. Together they will discuss their entrepreneurial successes. He will look at their book keeping activities, the financial health of the businesses and shares suggestions for improving the businesses. After a period of 2 years of coaching, the entrepreneurs will have enough knowledge and experience to continue the business on their own.
The MBC believes it to be of great importance for the new entrepreneur to keep on learning business skills and get input from others. We challenge them to be a ‘Life-long learner’. Peer group consultation is another great tool for learning.