Self-employed told to mentor their budding peers
Self-employed freelancers helping would-be freelancers is one vital way that more people in deprived areas will set up their own business and prosper for themselves.
Such mentoring is one of a number of recommendations put forward yesterday by entrepreneur Michele Mone, who was commissioned by the government to probe how enterprise can excel in poorer communities.
The entrepreneur found that a lack of confidence, income insecurity and the “lack of a network of people well placed to give [relevant] advice” were all barriers to setting up a business alone.
“There is a wide range of reasons behind the gap in self-employment rates between more deprived communities and the national average,” Mone said. “In gathering evidence for this review, I observed a number of emotional and practical barriers that my recommendations address.”
The Federation of Small Businesses says it welcomes the entrepreneur’s review -- and its recommendations, which extend to banking, start-up loans, funding, local support and education.
importantly, for those who are already self-employed, I encourage you to
consider mentoring,” writes Mone, outlining her first and top recommendation. “I
know how precious time can be to those who are self-employed, but equally I
know how rewarding it can be to give a little back and help someone else
1st March 2016