The power of giving back

Most entrepreneurs know only too well how challenging starting up a business can be, and then over the years, just how difficult it is to maintain and grow that business for the long-term. Entrepreneurs also value the important role that mentors play on that journey and understand the value of giving back to others who are starting out on their entrepreneurial journeys. The most recent Ewing Marion Kaufmann Foundation report on emerging entrepreneurs published in November this year found that more than half of the entrepreneurs interviewed (54%), gave back to other entrepreneurs by mentoring, giving presentation advice, or encouraging others to start a business. Interestingly, of those entrepreneurs who said they didn’t have a mentor, 75% of them did not give back in any of the ways mentioned above. Those who benefit from the value of mentoring in their own entrepreneurial lives are more likely to give back and make a difference to the lives of others.