Definition

Participating in programs that boost business growth with training and sometimes funding. Quick guidance and resources speed up progress.

What to consider

  • Choose mentors with relevant experience.
  • Set clear goals for the mentorship.
  • Maintain regular, open communication.

Real world scenarios

  • An entrepreneur named Sarah joins a mentorship program to learn business strategies from industry veterans.
  • A startup owner benefits from regular one-on-one sessions with an experienced mentor.
  • A small business participates in group mentoring sessions to gain diverse insights.

Related terms

Entrepreneurial Finances