Britain is often portrayed rightly or wrongly as a nation of shopkeepers and small businesses. To a degree that statement is true, as the majority of businesses in the UK are small businesses. The coalition government believes that it's the spirit and drive of this kind of entrepreneur that will help to bring the nation out of the current economic doldrums, as they drive the economy and help to employ others. Many people would love to start their own business, but most of us aren't quite brave enough to Yellow Packers #88 Finley Jersey sink our hard-earned money into a venture with an uncertain outcome.
Statistics indicate that approximately 50 percent of new start up businesses fail within the first five years of trading, so it's understandable that most budding entrepreneurs are worried. Still, that must mean that the other 50 percent succeed. What did they manage to do differently? Why were these businesses successful? Well, the majority of successful start-up businesses had the backing of a business mentor at the outset: a go-to person with direct experience who could advise, inspire and encourage these entrepreneurs when they faced new challenges.
How can business mentoring help start-up businesses?
Running a business can be a lonely existence,
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