This year marks the second annual National Mentoring Month, as proclaimed by President Barack Obama. The month was created to highlight the importance of mentoring and the positive impact it can have on youth. However, recent research has shown that mentorship can also play a role in the success of small business owners.
Starting a business can be challenging and oftentimes a new business owner may not know all the answers. For a small business owner, a close mentoring relationship provides the benefit of having a different experience or knowledge base to draw from. Mentors can help look at problems and situations from different perspectives and have expertise that can provide insight to people just starting out.