Changes

Although a notable amount of existing programs provide useful services and good foundations through the early stages of business, there is a lack of offerings beyond these services. Mentoring programs may serve established firms or growth-oriented startups only. The need for women entrepreneurs pursuing high growth pathway(especially those transitioning from lower growth to high-growth strategies), however, tend to be more sophisticated and complex. These businesses need special mentoring at their critical transition phases. Women-owners in high-growth ventures often experience working capital deficiencies, lack experienced personnel, lack the internal processes and systems that enable scalability and may also face complex international matters. Moreover, these problem may be amplified for women-owned businesses because they tend to be smaller in size with less debt equity, have fewer employees, and have fewer networks to leverage. [http://www.swc-cfc.gc.ca/initiatives/ep-ce/ep-ce-en.pdf]. Mentoring programs can give significant assistance to those fast growing companies that are facing greater market and organizational complexity and seeing new opportunities for growth.