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

Discussion in 'UPS Pressroom News' started by ROBO MOD, Mar 18, 2015.


    ROBO MOD I'm a Robot Staff Member

    Survey reveals concerns of small business owners; The UPS Store® 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.

    "A business mentor can make all the difference to a small business owner," says Ken Yancey, president of SCORE, a nonprofit dedicated to helping small businesses through education and mentorship. "Mentors have different viewpoints and experiences that can help push you in the right direction. They, too, may have been challenged with working full-time while they started their businesses and understand how to work through the fears small business owners face."

    Preparation also plays a key role in helping small business owners ready themselves for the entrepreneurial challenges that lie ahead. The survey revealed that 55% of current small business owners felt prepared, as a whole, when they first started their business. And more than 50 percent of current small business owners report that they were actually better prepared to start their business than they originally thought.

    To further its commitment to small business owners and help them achieve their goals, The UPS Store is collaborating with SCORE to assist small businesses in getting off the ground and achieving their goals.

    "Working with SCORE offers individuals an opportunity to be mentored by seasoned professionals who have the experience that can make a real difference," said Michelle Van Slyke, vice president of marketing and sales at The UPS Store. "The UPS Store is committed to helping small business owners launch and grow their businesses in any way we can and we are so proud to be working with SCORE."

    Over the next few weeks, The UPS Store will be offering unique learning opportunities and solutions for small business owners, with a special focus on those starting businesses while working full-time:

    • On March 18, The UPS Store will release the guide, 16 Steps to Starting a Business While Working Full-Time, on and Also, a free webinar based on the guide will be held on March 26 at 1 p.m. Eastern on
    • On April 23, The UPS Store will join small business guru @barrymoltz for a live Twitter chat at 6:00 p.m. Eastern, to discuss how to start a business while working full time. Follow along on social media using the hashtag #SmallBizGuide.
    • To help business owners present a professional image, The UPS Store is offering 500 business cards for $9.99. (Promotion runs through April 11.)
    • The UPS Store continues to update its Small Business Solutions portal with helpful content for small business owners. The portal includes a small business-focused blog with articles, tips, and advice from small business experts, as well as resources and exclusive discounts on accounting, consulting, marketing, web design and other services small business owners need.
    For more information, visit The UPS Store's Small Business Solutions portal at

    For more results from The UPS Store survey, visit

    Survey Methodology

    The results of the survey are based on an online survey conducted January 20 - 26, 2015 by The UPS Store, Inc., franchisor of The UPS Store network, with general consumers age 18+ and small business owners. The online study was conducted with 1,200 general consumers and 506 small business owners.