There are many ways to grow your business. One the one hand, you can focus growth outwards by focusing on increasing revenue, offerings, and potentially making acquisitions. On the other hand, you can focus growth inwards and focus on employee development.
This article on Inc.com by Neil Parmar focuses on employee development and asks: Who’s better for growing your business? Mentors or peers? Parmar relates that peers, rather than mentors, can often provide exactly what an employee needs to grow: tough love. Additionally, peers, like mentors, can coach and counsel, providing critical insight that can support entrepreneurial problem solving.
Which do you think is more effective?
Read the full article to see how you go about finding the right peers to grow your business.