Small Business Minister Norm Marlborough today revealed results that showed interest in the State Government’s small business mentoring program had reached record levels.
Mr Marlborough reported that a record number of mentoring matches had been registered to assist a new generation of successful small business operators.
“This is a valuable means for younger or less experienced business operators to increase skills and gain business confidence in today’s competitive environment,” he said.
The program, co-ordinated by the Small Business Development Corporation (SBDC), has matched some 250 mentors to new business operators, with the latest result showing eight matches were made in August.
SBDC acting managing director Stephen Moir said the mentors were traditionally retired or semi-retired and keen to ‘put something back’ into society.
“They have sound first-hand experience in running a business, and the personal attributes of patience, integrity and good communication skills,” Mr Moir explained.
“Both mentors and those receiving the guidance benefit from the relationship through personal and professional development.”
Mr Marlborough said the program had helped to realise many great success stories in providing a valuable service for those starting out in business.
“A mentor who is experienced in running a business, has weathered the storms and come out on top, can be a great source of advice and support for a fledgling business operator,” he said.
“We are continually matching experienced business practitioners with small business operators who have either reached a cross-roads in their business or need advice to help progress their ideas.
“While the concept of mentoring is not new, we are seeing a renewed interest in applying the practice to the small business environment.”
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