Le Lézard
Classified in: Business
Subject: SBS

Grow Your Business Through Mentorship


WASHINGTON, Jan. 22, 2020 /PRNewswire/ -- When you start a new business, the possibilities are endless. From the type of products or services you will sell, to deciding on your company name, you have the flexibility to take your business in any direction you want.

SBA LOGO. (PRNewsFoto/U.S. Small Business Administration) (PRNewsFoto/U.S. SMALL BUSINESS ADMINIS...) (PRNewsfoto/U.S. Small Business Administrat)

Being your own boss can also come with challenges. When you own a business, it's up to you to set priorities and make decisions. Whether you're new to business ownership or you're a longtime entrepreneur, you may encounter situations you haven't faced before and feel unsure about how to proceed. 

Fortunately, you don't have to go it alone. Mentors through SCORE, an SBA Resource Partner, can provide expert guidance. Based on their business experience, SCORE mentors can provide an objective second opinion when you confront a problem or need to make a tough call.

When Abram's Nation owner Rose Morris invented the Safety Sleeper, a tent-like structure that secures special-needs children with sleep issues, she turned to her mentor at SCORE for help getting it to the marketplace. "The education I received from my SCORE mentor was invaluable in growing Abram's Nation to become a million-dollar company," Rose said. In 2017, she was named SBA Exporter of the Year.

According to SCORE, 87% of entrepreneurs with a mentor are still in business after one year, compared to 75% of those without a mentor.

SBA Resource Partners helped countless small businesses--like Abram's Nation--to start new companies, raise start up and growth capital, and sell millions of dollars in products and services globally last year alone.

For National Mentoring Month, take the proven approach to business success and use these strategies to secure your own business mentor:

Author: Allen Gutierrez, Associate Administrator, U.S. Small Business Administration's Office of Entrepreneurial Development

About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov

Contacts: Cecelia.Taylor@sba.gov (202) 401-3059
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SOURCE U.S. Small Business Administration


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News published on 22 january 2020 at 15:59 and distributed by: