BUSINESSES which realise the power of being mentored will improve their abilities to look to the future and grow.
A survey carried out for the national Local Business Accelerators campaign, which The News is part of, found that a huge 90 per cent of businesses which got help from a mentor saw a benefit.
The campaign is looking for the brightest and best new businesses, less than five years old, which believe they would go on to bigger, better and brighter things if they were given mentor support and free newspaper advertising.
‘As a mentor, my goal is to provide the support an entrepreneur needs to stay confident and focused on their goals,’ said Penny Power, a business mentor, experienced entrepreneur, and one of the Department of Business, Innovation and Skills’ mentoring ambassadors.
She added: ‘Having an outlet where you can share ideas or concerns and get guidance on the next steps can be invaluable to someone who is starting a business.’
Mentoring is a key part of the government and private sector’s Business in You campaign, which is supporting LBA for the first time this year.
Business in You highlights the range of support and advice available to businesses to help them start up, improve and grow.
And a key partner of the Business in You campaign is mentorsme.co.uk – Britain’s first online mentoring gateway, owned and operated by the British Bankers’ Association – which provides a single point of access for businesses seeking mentoring and those seeking to become mentors.
By seeking mentoring support now, business owners are not only gaining invaluable support for their businesses but contributing to wider growth of the British economy.
For the mentors themselves, it’s an opportunity to give something back to the enterprise community and gain a broader understanding of the issues facing small businesses.
It is for this reason that these two components of business support – mentoring and local press advertising – comprise the key prizes for the Local Business Accelerators campaign.
The campaign has already seen hundreds of businesses across different sectors feel the effects of this acceleration and many more stand to benefit in the coming year.
To join them, enter online at accelerateme.co.uk by November 17.