Knowledge Centre

An accountant isn’t just a number-cruncher,  they can also be your sounding board, advisor, and motivator. 

Mentor & Coach

1. What You Need to Know

Running a business can feel lonely — but your accountant has seen it all before. 
They’ve worked with many types of businesses, know what works and what fails, and can help you avoid mistakes. As mentors and coaches, accountants provide perspective, keep you accountable, and give you confidence when making difficult decisions. 

2. Frameworks, Standards, or References 

Mentorship blends practical experience with coaching methods. 

  • Frameworks to use: Goal-setting frameworks (SMART goals), Business coaching models, Balanced Scorecard for performance reviews. 

  • Standards & guidance: King IV (leadership & governance), Professional ethics (objectivity and integrity). 

  • References: CIBA CPD on advisory skills and practice management. 

  • What your accountant will actually do: 

  • Act as a sounding board for your business ideas. 

  • Help you set and track measurable goals. 

  • Share lessons learned from other businesses. 

  • Provide accountability through regular reviews. 

3. How to Apply

Steps to use your accountant as a mentor and coach: 

  1. Schedule regular check-ins to review business goals. 

  2. Share challenges openly, your accountant can offer perspective. 

  3. Use their feedback to refine ideas and avoid costly mistakes. 

  4. Treat coaching sessions as seriously as board meetings. 

  5. Apply insights and track progress between reviews. 

4. Common Mistakes to Avoid 

Avoid these traps when working with your accountant as a coach: 

  • Only calling during crises → Set a regular rhythm of engagement. 

  • Ignoring advice → Act on feedback to see results. 

  • Not sharing full information → Transparency makes the advice stronger. 

  • Expecting them to do it all → They guide, but you must act.