Entrepreneurs' Blog

Helping The New Kids On The Block

I recently announced EBA’s support for Claire Young’s new business venture TeenBiz, a business start-up scheme for the under 18s, which launches on 1 November.

I felt it was important for The EBA to support Claire’s project mainly because I was impressed by her passion and believe that we each have a responsibility to pass on our business knowledge where we can; but also because there are so many more young people than ever before who are starting up their own business straight from school or college.

The trend shouldn’t be any surprise. The recession has hit the so-called “Y Generation” very hard (that’s people born between 1980 and 1994 in case you were wondering. I know I was!). There are fewer jobs – and certainly no job security. Obviously, setting up a business isn’t necessarily safe either – but it may turn out to be safer than the conventional career route.

However, those who are just starting out still need the encouragement of those who have experience. We know they have better online networking skills than those of us over 40; many will also leave full-time education with a contact list of thousands. They have great instincts and a myriad of skills and enthusiasm – but they need to be safeguarded as well.

The keys are to:

  • Encourage
  • Support
  • Nurture but not to make up their minds for them

School may prepare young people to seek employment and get a job – but internet networking and TV enterprise are encouraging young minds to think for themselves.

Even the BBC’s landmark business show “The Apprentice” has changed its format from offering the winner a job to offering the winner money to invest in their start-up company.

The reality is that the online world really does offer life-changing business opportunities. A web-based business currently has minimal set up costs and offers minimum risk. If successful, it has the possibility to transform the life of the entrepreneur – and possibly their family too. Nor is there a need to choose between going to university and setting up a business. There is every reason why both can be achieved within a similar time frame – if the aptitude is there.

The new generation of young entrepreneurs has many skills that the previous one will never share to the same degree. Their ability to build networks and connect with others globally, is phenomenal.

As experienced business people, many of whom will have grown up in a different world, we need to respect the new skills and be ready to both learn and show them the way.

About Bev

Bev is CEO of The Academy Group which includes The Entrepreneurs’ Business Academy (EBA) & EBA for Coaches which are both joint ventures with James Caan. Her book “Do It! or Ditch It” has already been listed as a bestselling business title and she is ready to pass on her success to your organisation.

Connect with Bev on Google+

1 Response to "Helping The New Kids On The Block"

1 | The changing face of business by Bev James | Entrepreneurs' Business Academy Blog

December 6th, 2011 at 09:46

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[...] new generation of young entrepreneurs have superior networking and digital skills. They will have less need for hard selling skills [...]

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  • Morgan Grage: I like this post, enjoyed this one regards for putting up. "No man is wise enough by himself." by Titus Maccius Plautus.
  • Derek: Brilliant article Bev, thanks for sharing. coincidentally the kilimamjaro example used is on my 2014 to do list! Ps thanks for the tips you gave me
  • jackson: thanks for your great article about developing your business idea to great business Jackson mutebi

About EBA

The Entrepreneurs' Business Academy is a unique and highly practical one stop resource for business owners and aspiring entrepreneurs, providing a range of courses , EVENTS and materials that give step-by-step guidance for entrepreneurs on their business journey. The EBA's courses have been put together by James Caan and Bev James MD of EBA and The Coaching Academy, and specifically designed to teach its participants the skills required to take an idea and turn it into a reality. Read more...

 

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