Voluntary Mentoring of Today’s Young Entrepreneurs

Regardless of ongoing uncertain global economic outlook as well as potential forecasts of downward trends and scenarios, voluntary mentoring of today’s young entrepreneurs remains paramount. There is so much potential talent out there across the social spectrum which needs to be harnessed in a constructive, effective and positive manner. In coming years, creativity, innovation, invention, and entrepreneurial skills will play a critical factor in producing the next generation of technologies, products and services for the “Common Good”. Whether it is life-saving drugs and cures via bio-technology, cleaner forms of energy and water, new digital media, improved wellness with focus on positive health and lifestyle, and the list goes on.

The vast number of young entrepreneurs may not necessarily have the resources to pursue a continuing education via advanced degrees in business, finance, accounting, law, and related areas. In addition, they may be requiring practical and realistic knowledge, experience and wisdom in order to convert their concepts and ideas into “real-world” business plans which focus on the ever dynamic commercial market fundamentals and business fundamentals. As a resultant, there may be a necessity to develop viable alternative “business-revenue” models considering private equity, venture capital, debt (senior, subordinated, mezzanine) are quite hesitant to support start-up and early stage companies.

Those who are part of the at-large community of stakeholders need to understand and appreciate the dawn of today’s young entrepreneurs. Whatever knowledge, experience, maturity, and wisdom which is required should be provided on a voluntary basis. Whether it is in the role of a mentor, advisor, or otherwise, a greater reward is in enabling today’s young entrepreneurs convert their dreams, concepts and ideas into practical reality. It is not because “X” is doing it or “Y” is doing it, but, because it is right. End-of-the-day, it is also part of giving back and paying forward. Who knows, there may be a potential Steve Jobs, Thomas Edison, Bill Gates or George Westinghouse out there somewhere.

Bottom-line: It’s a Win-Win.