The answer is yes, according to new research. 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 don’t have a mentor (8%), found Gallup surveys conducted this year in 83 countries. The surveys defined “adults” as people age 15 or older.
While mentor access provides the biggest benefit to younger potential entrepreneurs, it also helps older ones, shows the Gallup data. Out of survey respondents in the 50-to-64 age group, 9% with access to a mentor plan to start a business, compared with 3% who plan to start a business without a mentor. In the 65-plus age group, 5% of those with access to mentor plan to start for a business, compared with 1% who plan to do so without a mentor.
The Gallup surveys also found 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%). In comparison, 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%).
A Gallup article with more details about the results can be found here.