Article contributed by Leah Nevada Page of MicroMentor.org, an organization that helps emerging entrepreneurs grow their businesses through mentoring and advising relationships with experienced peers and business professionals.
Sturdy McKee’s journey to small business success started with a pink slip. The hospital where he had been working as a physical therapist downsized and after a frustrating job search, Sturdy sat down with his wife and had a conversation about what it would take to open his own physical therapy practice.
Once started, Sturdy rapidly built a successful business, and was soon operating at the full capacity of his staff and building space. But when Sturdy began looking for a loan to help him open additional offices, banks were refusing to finance his planned expansion. Then Sturdy found MicroMentor. MicroMentor is a pioneering web-based community and social network that helps aspiring entrepreneurs build successful businesses by matching them with volunteer business mentors from around the country.
After signing up online at www.MicroMentor.org, where he described his business and mentoring goals, Sturdy was matched with a mentor, Jayshree Miller, who had worked as an accountant in the U.K. and was now looking for an opportunity for skills-based volunteering.
As Sturdy’s mentor, Jayshree worked with Sturdy through a series of phone calls and emails to help him make sense of his balance sheets, cash flow statements, and profit & loss statements. She also helped him identify areas in need of expansion. “She reinforced our opinions that we were a healthy company and that we were viable, even though we were unable to secure funding from a bank. [It] gave us the confidence to fund our own growth from our own profits.”
Now, just six years after opening its doors, Study’s physical therapy company has 5 branches and over 20 employees. And just two years after he first sought help on MicroMentor, Sturdy has returned to MicroMentor as a volunteer mentor. “Moving the business to profitability changed a lot of things in my business and my life and I hope to help other people to do that. I want to help people figure out how to plan and make their businesses viable.”
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