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
Follow us on Twitter, Facebook, Blogs & Instagram

SOURCE U.S. Small Business Administration

These press releases may also interest you

at 18:00
According to the latest report, "Recreational Boating Market by Product (Inboard Boats By Horsepower [Below 200 hp, 201 to 500 hp, 501to 1000 hp, Above 1000 hp], Outboard Boats By Type [Center Console, Express Cruiser, Pontoon, Runabout Bowrider,...

at 17:07
Platinum Decking has announced that it is expanding its operations by opening a branch in Chicago, Illinois. The announcement by the highly-rated decking company to become a Chicago deck builder comes after the company's first year of business in...

at 17:00
TorkLaw is now accepting COVID-19 Business Interruption Insurance Claim Denial cases on behalf of businesses who have had valid insurance claims denied by their insurance companies. Many States and local governments have mandated non-essential...

at 14:00
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of RTI Surgical Holdings, Inc. between March 7, 2016 and March 16, 2020, inclusive (the "Class Period"), of the important May 22, 2020 lead plaintiff deadline in...

at 13:30
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Zoom Video Communications, Inc. ("Zoom" or "the Company") . Investors who purchased Zoom securities are encouraged to obtain...

at 12:24
Due to the uncertain macroeconomic situation as a result of the spread of the coronavirus in Europe, the Board of TF Bank has today decided to make an additional loan loss provision of SEK 30 million at the end of the first quarter of 2020. The...

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