BUDDING entrepreneurs in Kirklees have been urged to apply for help by a mentoring charity.
The charity, Brightside, is searching for young entrepreneurs in England with a marketable idea that needs a kick start.
Young entrepreneurs whose business plans make it through a review by the charity’s business experts will get start-up finance of about £2,500 from Start-Up Loans, a government initiative, and one-to-one online mentoring from an experienced business person working in the same sector.
The Start-Up Loans Scheme, set up by Dragon’s Den entrepreneur James Caan and Lord Young, enterprise adviser to the Prime Minister, will distribute £82.5m of funding over the next three years to young entrepreneurs in England and support them in gaining the skills they need to build a sustainable business.
To be eligible for the scheme, young entrepreneurs must live in England and have a business idea and a business plan – or be prepared to write one – that meets Brightside’s criteria.
People applying through Brightside for the scheme can go to www.brightsidestartup loans.org to help them build on their ideas and develop the skills they will need to make their business a success. A course designed by Brightside with support from global professional advisers Deloitte offers applicants a step-by-step guide to writing a business plan.
As well as looking for young entrepreneurs, Brightside is inviting established business people who think they have something to offer the next generation of business owners to put themselves forward as an online mentor.
Online mentoring allows volunteers to share their skills and experience in a way which they can fit around their business and other commitments – and enjoy the personal satisfaction of sharing in a young entrepreneur’s success.
For those being mentored, it means building a supportive relationship with someone who has followed a similar path to them and who understands their challenges from personal experience.