The financial meltdown of 2008 has left a lasting impact on the job market. While many people lost jobs, it also has brought in a fundamental change in the employment markets. A large number of young students can no longer assume that a job follows completion of their graduation. In the last decade we have also witnessed growth without any significant increase in job growths. This phenomenon brings in a new challenge, youngsters would have to go on their own. This entrepreneurial journey is challenging and perhaps be made some what easier by mentoring.
I would therefore urge that we start a mass movement of mentoring new entrepreneurs. All large companies should make it a part of their corporate social responsibility. All experienced professionals should make this as a part of their professional mission to help at least one start up either individually or preferably in a group of complementing skill sets. They can also become angel investors in these start ups. The usage of professional expertise of the mentors to train the start ups, bridging in through financial support as also network/social support which may open up market opportunities, would build in confidence of the entrepreneurs and would provide a framework for success. Just imagine the ripple effect of such a movement. This can not only create a large number of self employed, it will also have an efficient and effective start ups providing a base for a more competitive economy.