WASHINGTON, D.C. -- Social capital is important at every stage of entrepreneurship, but it is particularly important when the potential entrepreneur needs access to resources and expertise at the startup. Gallup surveys in 83 countries indicate that adults who have access to a mentor are three times more likely to say they are planning to start a business (14%) than those who do not have a mentor (5%).
Overall, sub-Saharan Africa has the highest percentage of adults (20%) planning to start a business in the next 12 months, followed by the Middle East and North Africa region (10%) and Asia (8%). Comparatively, the more developed world has fewer adults planning to start a business in the next 12 months: Northern America (7%), the former Soviet Union (4%), and the European Union (3%). However, access to social capital is important to encouraging entrepreneurial intent in all regions of the world.
To read the full, original article click on this link: Mentor Support Key to Starting a Business
