•Research has shown that 70% of small businesses that receive mentoring survive for five years or more, which is double the rate compared with non-mentored entrepreneurs.
•Of those with a mentor, 97% say they are valuable, 55% believe mentoring can help them succeed, 60% look for experience in a mentor above anything else but 85% currently do not have a mentor.
•93% of small and medium sized businesses acknowledge that mentoring can help them to succeed.
•Only 25% of small and medium sized businesses currently make use of business mentors.
•A recent survey by the UK’s Department for Business, Innovation, and Skills found that 94% of SMEs using external support have seen benefits. These firms are more ambitious and have higher relative turnovers.
•67% of businesses reported an increase in productivity due to mentoring. 55% of businesses felt that mentoring had a positive impact on their PROFITS.
Enterprising Women. 2018. Cambridge, England. Mentorsme. 2019. London, England. Sage. 2015. Thousand Oaks, CA.