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Female entrepreneurs feel mentor is key to success

Staff writer |
Ninety-five percent of female entrepreneurs in startup company feel that having an informal advisor or mentor was a key factor to their success.

This is according to KPMG's 2015 Women Entrepreneurs Survey. In addition, nearly 80 percent of female entrepreneurs feel that having another woman as their advisor or mentor made a significant impact on their career.

The survey, led by KPMG LLP, the U.S. audit, tax and advisory firm, was conducted in mid-September, and polled more than 200 women business leaders from the 2015 Inc. 5000 list, an annual ranking of the country's top 5000 fastest-growing private companies.

The results of the survey, published in a report titled "Women Entrepreneurs: Passion, Purpose and Perseverance" by KPMG LLP's Private Markets Group, comes on the heels of the firm's participation as one of the sponsors of the 2015 Inc. 5000 Conference and Gala.

When asked to identify the traits that are critical for a successful CEO or founder to possess, female entrepreneurs most frequently cited leadership (83 percent), confidence (80 percent), good communicator (70 percent), determination (66 percent) and risk-taker (57 percent).

When asked to identify the traits that they personally possess and that have helped lead to their success, female entrepreneurs cited determination (82 percent), confidence (72 percent), competitiveness (69 percent), leadership (68 percent) and passion (61 percent).

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