4 Tips for Maintaining a Small Business Mentor

70 percent of small companies that receive mentoring make it to a sixth year. A seasoned adviser can aid in laying the groundwork for future successes.

The early stages of a business are fragile — but they don't have to be. While half of small businesses fold in the first five years, 70 percent of small companies that receive mentoring make it to a sixth year.

Why? Because a seasoned adviser can help you sidestep the issues they overcame and aid in laying the groundwork for future successes.

The first step is finding someone that you respect and is aligned with what you do. Next is maximizing your time together to get the most out of the relationship. Here's how craft and cultivate this elemental relationship.