Captaining a new enterprise is like constructing a parachute after you’ve been thrown out of a plane: It’s difficult, it’s dangerous, you’re pressed for time and a wrong decision can be fatal. When faced with the pressures of starting a new company, your ability to act quickly, decisively and correctly will depend on experience, skill and knowledge. If you are short on any of these attributes (not uncommon for the first-time entrepreneur), mentoring can make the difference between survival and doom.

Read more in Startup Nation: