As of 2014 United States’ women entrepreneurs own 9.1 million businesses creating the fastest growing business segment. This phenomenological study highlights how women entrepreneurs can learn to be more objective while managing their company through a leadership position. The main themes emerging from the study were the value of a mentorship experience and how a transformational leadership style may help women entrepreneurs grow their businesses and develop personally and professionally. Seventy-five percent of women leaders maintain that mentoring plays an integral part in their career. This study may contribute to positive social change by encouraging women entrepreneurs to establish on-going mentoring relationships.