Role of Mentorship in Entrepreneurial Success

Mentorship is a personal developmental relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person. The mentor may be older or younger, but have a certain area of expertise. The idea of mentoring has entered the business domain to provide entrepreneur and business people opportunities to reduce level of risk and failure in doing businesses. This research paper examined the role of mentorship in entrepreneurial success. The study is exploratory in nature where reviews are carried on the relevant areas of entrepreneurial mentoring. Mentoring accelerates learning and the development of entrepreneurs by having focused conversations rather than simply learning how to apply theory to practice. The review found strong evidence that business mentoring can have real benefits for entrepreneurs; activate the skills of the mentee and better value to the organization.