Founders often ignore expert advice, treating it as optional. Mentored small businesses have roughly double the survival rate of non-mentored ones, according to the SBA. A case for why listening to your mentor matters.
It's essential for anyone who wants to build successful businesses to realize that business is a discipline and that it is governed by its own principles, just like any other discipline. For some reason though, in business, advice and the voices of expertise are often disregarded. When new founders face challenges in their ventures and seek advice from experienced mentors, the founders sometimes take the advice as optional and fail to follow through on the recommendations. What some founders might not be aware of is that according to the Small Business Administration, 70% of small businesses that receive mentoring double their survival rate compared to non-mentored businesses.
