To Overcome Fears of Starting a New Business, Mentorship is an Important Key

San Diego, March 18, 2015

Survey reveals concerns of small business owners; The UPS StoreĀ® offers guidance on “How to Start a Business While Working Full-Time”

Starting a small business can be intimidating. According to survey results released today by The UPS Store of people who own or who have dreamed of owning a small business, starting that business comes in second in terms of the “scariest life-changing” events that they may face, just behind concerns about retirement savings. In fact, starting a small business ranks scarier than getting a divorce, becoming a parent for the first time, or moving to a new city. The survey, conducted with over 1,700 general consumers and small business owners nationwide, also reveals that when it comes to launching a small business, mentors are an important resource in helping up-and-coming entrepreneurs overcome fears and obstacles.

According to the survey, 82 percent of small business owners who worked with a mentor while starting their business found the experience helpful in getting them through the process. Additionally, approximately one-third of those who did not have a mentor wish they would have had one. Those who are dreaming of starting a business also believe mentoring has value, with 73 percent reporting that seeking firsthand advice from others in their situation would be helpful.

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