According to new research by leading loan-specialist RedZed, only one in five self-employed Australians have a mentor, while nearly half report never having one.
“We believe in the importance of mentoring and recognise what an asset it is for self-employed Australians, especially when they are growing and developing a new business,” RedZed Managing Director and founder Evan Dwyer said.
“Mentoring plays a vital role in business confidence, and our latest survey highlights that business confidence is at a low with just over one in five self-employed Aussies (21 per cent) feeling extremely confident when it comes to their business’ success in the years to come.”
Meet the Master
The Australian Bureau of Statistics highlight that more than 60 per cent of small business cease operating within the first three years of starting.
In light of these staggering statistics, coupled with an ethos that every self-employed Australian should have the opportunity to have a mentor, RedZed has created the ‘Meet the Master’ competition.
Now in its third year, the ‘Meet the Master’ competition is open to all Australian business owners and gives them the chance to meet their business heroes anywhere in the world.
2018 winner, Kel Grey of The Pines Kiama, met his master, Jonny Crickmore, an award-winning dairy farmer from Suffolk in the UK,
“Meeting my mentor gave me a renewed business focus and the confidence boost to always have a go,” Mr Grey said.
“Since winning ‘Meet the Master’, I have move from being a generational farmer, to proactively expanding my business into cheese making, which is a testament to everything that I learnt.”
Entries for RedZed’s ‘Meet the Master’ are now open. To enter, visit: www.meetthemaster.com.au