Once you have been approved for a Start Up Loan, you will be allocated a mentor to give you 12-months of free, one-to-one support. Please note, participating in mentoring sessions is a mandatory component of the Start Up Loan scheme, however these sessions can take place in any format that suits you (whether in person or via phone, Skype or email).
Please note, you will need to sign a standard mentor/mentee agreement and upload it with the rest of your documents when you apply for a Start Up Loan. Download a copy from our useful resources page now.
Benefits of mentoring:
- Mentors can be used a sounding board to bounce ideas off – excellent for when you are stuck and need some inspiration.
- As business starters themselves, our mentors have ‘been there, done that’ and faced many of the same hurdles that you are experiencing. They have a wealth of knowledge and experience that can be invaluable in helping you navigate difficult decisions about your business.
- It’s easy to get so wrapped up in your business that you lost perspective on the big picture. A mentor can provide an objective and impartial advice about how to achieve your goals.
Making the most of your mentor:
While your mentor has the knowledge and experience to help you, this isn’t a one-way street. To get the best out of your mentoring experience you should take some time to work out what you want from your session, what issues you are facing and your plans for the future.