93% 29% 70% helping hand helping hand

THE POWER OF A

HELPING HAND Small business owners can benefit from having mentors.

KNOWLEDGE GAP

93%

Global small and medium-sized businesses that say mentoring can help them succeed

29%

U.S. companies have business mentors

SUPPORT SYSTEM

7X Businesses with mentors raise that much more money

70%

Stay in business for 5 years or more—2x more than non-mentored businesses

STEPS TO SECURING THE RIGHT MENTOR 1. Pick the best type for you.

• Traditional one-on-one mentoring • Group mentoring • Situational mentoring: Mentoring for a specific issue • Reverse mentoring: Learning about new trends from younger mentors

2. Be proactive.

• Talk to friends, family and social networks. • Research organizations that can connect you with a mentor.

3. Pinpoint your goals.

What do you want from a mentor? Choose 3 to 5 specific goals.

4. Find chemistry.

Look for a mentor who has the time to help you grow. A good mentor respects you, trusts you and shares your values.

Sources:

Entrepreneur, Inc., Harvard Business Review, Sage, The New York Times, The UPS Store, Compass Startup Genome Report

NFIB.com/HelpingHand