Mentoring: The Missing Link to Small Business Growth and Survival
Feb 12, 2019 12:00 AM
2019-02-12T00:00:00
Mentoring: the Missing Link to Small Business Growth and Survival
By Kathleen McShane, SBA Official
Published: February 4, 2019
As a former small business owner and entrepreneur, I know first-hand the support, resources, and access to networks and financing that entrepreneurs need. While there are many businesses that experience success, the fact remains that only half of all small businesses survive more than five years (source: SBA Office of Advocacy); and about 10-12 percent of all employee-based firms close each year. There is growing evidence, however, that connecting a business with a mentor can change this statistic. READ MORE