This phenomenological study describes the effects of mentoring relationships on performance, from the perspective of 12 selected female business owners were unexposed and exposed to a mentoring experience. Through the experience of possible underlying themes, specific techniques along with several facets of a mentoring relationship were revealed. The identification of key characteristics that partnered with personal and professional development made noteworthy contributions to the meaning of mentoring relationships. As a result, this distinctiveness would ultimately have an effect on the individuals' level of performance. Through the interview process, mentees highlighted the various aspects of influence of the mentoring relationship. Although the mentoring relationships strength outweighed the hindrances, the findings are helpful for the establishment of future mentoring programs, and have implications for positive retention and performance of mentees. The findings of the research exposed the need for additional inquiry that considers the quality and focal point of mentoring relationships, and its overall influence on the performance of the female business owner.