Mentor for young business

magic57

Hi can anyone advise please.

My nephew aged 23 has started up a business its been going for 18 months and is starting to grow. I have been helping him a bit but we feel in need of more experience from someone with a bit of business knowledge as its beyond me!

Does anyone know where he could find a business mentor to give him some support and advice. We looked at the Princes Trust but as he has already started his business they don't seem to offer help.
He is trying so hard - he hasn't had any loans and has put all his savings into starting up. I'd really like to help him on the next step.

Any suggestions greatly appreciated. Thank you. :A

sooty&sweep

Hi

Have you contacted your local authority economic development department. They may be able to offer support or advise you someone who can.

Jen

paddyrg

If the business is running and viable and he has ideas where it can grow, maybe he needs a business angel type investor. Firstly it creates cash for capital expenditure (eg if he is limited by having an old lathe and a new CNC one would make faster, cheaper items that there was already a market for). Next he gets business mentoring. Finally that mentoring is from someone with a personal financial stake in seeing the company flourish.

JoshP

Have a look into Rockstar Youth being mentored by them currently very high calibre of mentors

tonytee

Google business mentor. A quick search finds lots.

magic57

Thank you so much to everyone for taking the time to offer your advice. I really appreciate it and will look into every one. I really want to help him find the right guidance.

paddyrg - a business angel sounds like a lovely idea!

Thank you. :A

inmypocketnottheirs

Search out your local Business Link on google and seal to them.

magic57

JoshP wrote: »

Have a look into Rockstar Youth being mentored by them currently very high calibre of mentors

Thanks this looks perfect if they help existing business as well as those not started yet.
Anyway I'll pass on the link and get my nephew to contact them. Thank you so much it looks just right for him. :A

Savvy_Sue

Or local chamber of commerce?

Joyful

Business gateway will also point him in the right direction.

magic57

Lots of good ideas from all you lovely people. I'll look into all of them for him and he can decide what suits him best. Thank you.
:A