How To Find A Small Business Mentor
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Transcript of How To Find A Small Business Mentor
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How To Find A Small Business Mentor
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Working with a mentor or advisor is crucial to your small business’ success.
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But what difference could working with a mentor really make?
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Mentoring doubles your business’chances of growing over the long-haul.
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The SBA says half of non-mentored businesses fail in the first 5 years. But 70% of businesses with a mentor make it to 10 years.
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Woah! Why is that?
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Many small business owners like you started their company because they wanted to be their own boss and pursue their passions.
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Then … you needed to start wearing all of the hats: CEO, marketing, product development, supply chain, and sales.
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You might have even hit your first wall: success.
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Running a business well is different than being good at a specific trade or profession – all the behind-the-scenes stuff is key to growth.
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How do you find investors? Write a business plan? Develop a marketing strategy? Navigate city permitting?
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And who has the time for all this?
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Having an advisor means having the outside perspective of someone who’s navigated these waters before.
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Yay mentors! But why should I look for one online?
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Business development organizations in your area offer “technical assistance,” but this typically means one or two staff with limited expertise.
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Or a retired business person who can offer general advice.
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And some people hire costly consultants to advise them.
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Enter online mentoring: a platform and volunteerism combined to provide business owners with high-quality mentoring.
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We have hundreds of mentors who are active professionals from major banks, consulting firms, and Fortune 500 companies.
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Since its online, geography’s no barrier. If you’re in Omaha and your best advisor is in Tampa, BusinessAdvising.org makes that match happen.
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Companies working with our mentors grow revenues 20% on average, and create jobs at 11 times the national rate.
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Neat! So how does it work?
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Start by filling out a profile. Tell us about yourself, your business, and your challenges.
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Then, we’ll find you a qualified advisor to work with.
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And we’ll introduce you to your first advisor via email.
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After that you’ll schedule time to connect with your advisor. It can be over the phone, email or Skype — whatever’s best for you.
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And this is all free?
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Yes! We’re a nonprofit that works with small businesses to create better jobs and keep more money in local communities.
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We know you face challenges: harder access to capital, less favorable wholesale pricing, and online mega-retailers.
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Wherever you are in America, we’ll find the best advisor to help your company grow.