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On November 24, 2014, the FBI Detroit Field Office issued an official press release that it had arrested 16 people in a telemarketing and real estate ponzi scheme, netting the offenders over $20 million from 290 victims nationwide who thought they were investing in bank-owned homes.

Your mentor may not have to be a specialist in your profession, but it is beneficial if they are to increase your chances of exploiting key partnerships.According to Jupiter Business Mentors' (a popular online mentoring platform) market research, 93% of aspiring entrepreneurs feel the need to engage with mentors who have been there, done that, and seen it all.

Meanwhile, as compared to non-mentored companies, 80% of mentored businesses have seen long-term benefits like performance growth, and company sales.

Mark Zuckerberg of Facebook and Larry Page and Sergey Brian of Google were all mentored by Steve Jobs and Eric Schmidt, respectively, in the early stages of their companies.According to Kabbage, Inc.'s report, the effect mentorship has on becoming a company is obvious.92% of small ventures claim mentors significantly affect their company's growth and sustainability.

As the early years of every company is the critical make-or-break time, business mentors are critical to their growth.89% of small firm owners did not have a mentor they wished for.

These numbers show the need for the entrepreneurial community to discover and engage with competent advisors who can provide sound guidance to help a company through those rocky first years.According to the survey results, business advisors narrowing the mentoring gap and are critical for any business growth.

Business advisors can broaden an entrepreneur's experience, providing them with various viewpoints to address challenges and giving them the opportunity and motivation to partner with trustworthy sources, creating a seamless and secure journey to their goal.Mentors can contribute their traditional insights to blend with modern approaches.While becoming a young entrepreneur simply means working smarter and ditching old-school approaches, it is still best to get a mix of old insights and modern thinking processes.

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Katadata.co.id - The value of the rupiah in today's trading, Wednesday (16/10), opened lower by 0.07% from yesterday's closing position Rp 14.166 per U.S. dollar to a level of Usd 14.177 per U.S. dollar.

The Singapore dollar tracked down 0.09%, the Taiwan dollar by 0.03%, the South Korean won 0.11 percent, the Philippine peso to 0.12%, the Indian rupee 0.45 percent, the Chinese yuan, by 0.2%, and Malaysian ringgit to 0.04%.

But not everything tumbles, Japanese yen, Hk$, and the Thai baht still managed to strengthen.

Director of PT Garuda Berjangka Ibrahim rate in today's trading rupiah will weaken at between Rp 14.132 to $ 14.190 per U.S. dollar.

(Read: Surplus of Trade of Indonesia to the U.S. Rose Helped Export Jewelry)

As for the external, the rupiah fell as the U.S. dollar strengthened since yesterday.