Young entrepreneurs

The continuous growth of entrepreneurship means more and more people are turning to starting their own business. The increasing numbers within this group are of the younger generation such as students and graduates who are taking on an entrepreneurial role in order to incorporate themselves into the business world. The fact that increasing numbers of the younger generation are becoming more business orientated reflects on their mindset; they are more aware of taking control of their financial future and are driven to achieve their goals.

The number of student-owned companies is increasing, as more young people are paying more attention to their innovation and independence. For many of the younger generation, however, when thinking about starting a business the three main setbacks are, for the most part, what can hold them back; lack of support, lack of funding and lack of experience. The fact is that new ideas are everywhere and there is enough room for all of them. Provided you can find a way to make your business that little bit different from your competitors combined with a good mentoring regime, you can bring your idea to life successfully.

The Rockstar Group of companies was founded by former Goldman Sachs investment banker, Jonathan Pfahl, who feels very strongly about helping younger entrepreneurs reach their goals. Jonathan says, “The number of younger people with great business ideas is both phenomenal and equally upsetting when they are not brought to life due to lack of support. My aim is to change that.” The Rockstar Group provides an extremely cost effective ongoing mentoring service to benefit those who want to start a business or become more entrepreneurial. Jonathan says, “When starting a business it is important to be careful with what you are investing your company’s money in, and that is why The Rockstar Group provides its services at such a cost effective price, to be able to help those who want to achieve their goals.”

Rockstar’s mentoring service is ongoing and personal. Members receive one-to-one coaching and advice specific to themselves and their business from experienced entrepreneurs. Furthermore, The Rockstar Group provides online exposure and marketing services to members’ businesses to promote them and increase awareness of their companies. In addition to this, members are given the opportunity to learn how to invest their company’s cash wisely to maximise their cash flow through investments such as property and shares from professional investors.

Entrepreneur advice

. “A good experienced mentor will never dictate, but instead work with the business owner to establish a common ground and help them achieve it.”

- Jonathan Pfahl

Growing a business and achieving your goals is not something you can always do alone. Advice and support from a mentor is often vital in starting and growing a business. Every business is different; therefore entrepreneurs must always consider their prospects and business on a personal basis and apply advice and newfound knowledge in an adaptive and individual way.

Continual learning is part of being an entrepreneur. Encountering new experiences and challenges will equip you with a better understanding of the business, which will in turn help it to continue to grow. Remembering that you must always consider your business on a personal front is important. Although sometimes helpful, not all tips and pointers will necessarily apply to your business. You must treat it in its own form, so advice given to you specifically for your business is the best help.

The best form of help in most cases comes in the form of a mentor for yourself and your business. Finding out the business goals of the owner is key to make a mentorship start strongly. A mentor can help you with your business plan; their experience will assist you in taking the right steps to reach success. An ongoing program with monthly goals and annual targets will help an entrepreneur keep track of their progress. A mentor can help you set specific monthly objectives and give the business owner realistic yet challenging deadlines to make it happen. A strong business relationship between you and your mentor is important. We understand it is vital to be able to relate to each other and this is also particularly important for younger entrepreneurs who are just starting out in the business world. Rockstar mentors will take the time to create a mutual understanding between you and them so they can then work with you to achieve your goals.

The Rockstar Group provides one-to-one business coaching advice and support to entrepreneur at all levels for virtually any business venture. We are here to help investors worldwide to maximize their potentials in the business world. As a Member of Rockstar you receive ongoing mentoring and support from existing successful entrepreneurs and are given an affordable yet effective means of marketing to promote your businesses to a vastly growing network.

A Rockstar mentor will help you remain focused on growing your business and maximising your prospects. A strong

The Importance of a Mentor for Entrepreneurs

As more and more people are turning to seek out their position in the world of business, the number of entrepreneurs is increasing hugely each year. There are the ones who find success quickly, whilst some take longer, whilst others do not find it at all. A great number of people believe that success in a business is all down to your luck. This is not the case. A lot of success for most entrepreneurs comes from at least some help from a mentor. Having a mentor for yourself as an entrepreneur is an important investment if you want to achieve your goals and minimise your mistakes. A mentor is someone you can trust and will become as involved in your business as you want them to be, providing you with guidance and support in your business ventures.

The benefits of having a mentor are endless; starting on a new business venture can be daunting and having someone who has done it before to guide you through it will help you invaluably, as you will have their expertise as a reference. You do not necessarily need to hail one person as your mentor, but rather can have a few people who you trust and consult for different aspects of your work. The important thing to remember is that success will be closer within your reach if you seek guidance, rather than going it alone. Having someone who knows you and your business, to understand your plans and goals, someone who has your best interest in mind and keeps you focused is the key to achieving success with minimal mistakes.

The Rockstar Group of companies provides ongoing one-to-one mentorship for entrepreneurs themselves and for their business ventures. The company was founded by former Goldman Sachs investment banker, Jonathan Pfahl. He believes the growing number of entrepreneurs will benefit from a company like Rockstar, as it provides virtually every need of an entrepreneur. The Rockstar Group is aimed at helping entrepreneurs worldwide to grow and maximise their potential. Jonathan says, “When starting a business it is important to be careful with how you invest your company’s funds. That’s why The Rockstar Group provides an extremely cost effective mentoring service for entrepreneur .”

The ongoing, personal support from experienced entrepreneurs at Rockstar can help you with your business or investment plans whilst avoiding mistakes. With high levels of expertise in business, share trading and property investment, The Rockstar Group of companies can support and guide entrepreneurs to grow and accomplish their goals.

Overcoming the Fear of Becoming an Entrepreneur

Ever once been at a friend’s place for dinner, or just hanging round the student bar with friends in between lectures, or even during one of those tireless boringly quiet periods at work when your fellow colleagues are just sitting round chatting, and you hear the famous old sentence of “I have come up with a really great business idea!”

At first, the whole group around you are always intrigued. It’s a fact of human behaviour. The thought of having that million dollar idea to get you out of the rat race and launch you to entrepreneur stardom is something most people have dreamt of once and hence why you will always have all ears pinned waiting for this incredible idea to be shared.

I have to say in my experience that every time that so-called ‘brave’ person has revealed his or her idea to me, I have rarely (if ever) said that would “simply not work” or “that’s already being done” because the point is even if it’s already being done, there are always different techniques you can use to make an existing product or service better for the customer.

So the question I ask is why? Why is it that such people who are either in a job that they are clearly bored of, or studying some degree for the sake of it possibly getting them a “well-paid job” are not actually pursuing this idea if all those close around them are saying “that’s a really cool idea”. Personally I think it’s a combination of reasons. You could write a book on the excuses as to why it’s so hard to turn the idea into reality. “I don’t have the time”, “I lack the seed capital”, “I don’t have the experience”, “I lack the confidence”, “what if I fail?”

My point to anyone who is perhaps quietly saying these things to themselves right now is that it could not be a better time to begin your own business! Lets weigh up the reasons now.

1. Big companies are downsizing and outsourcing: Students leaving university now already know that even graduating with 2 PHDs and 3 Masters degrees will still not guarantee you a job after university, let alone one that pays well!
   
   More and more students these days are leaving school to go to university, with most of them striving to achieve good grades, to then pursue a career which they may not even know what it is yet.
   
   Whilst I believe university offers young people a lot of valuable life lessons early in their adult life such as independence, self discipline to perform and a work life balance, I personally cannot remember a single thing I was examined on that I now apply to running my companies! Am I alone on this? I highly doubt it. The point is technology has now changed the world of business and how companies operate.
   
   In various industries worldwide, competition for the big corporations has increased dramatically and therefore business costs have never been so monitored. The point I am making is if it’s easier to outsource the internal procedures of a business to a smaller (and in most cases sharper) company to handle it for them they will do so.
   
   You have seen this massively in IT, Recruitment, Marketing and PR, Telephone services right up to where they buy their office furniture from… The world has opened up. What an exciting time to be an entrepreneur!
   
   
2. Your potential customer is no longer one you need to meet face to face: Internet businesses are the future… let me rephrase that. Internet businesses have been the future and have continued to change our lives for over 10 years! Some of the most wealthy people on this planet have achieved it through believing in an idea that soon turned into one of the most commonly used tools in our lives.
   
   Obviously you can include Bill Gates and Microsoft in that category and the google boys but most recently, has been the explosion in social networking sites like myspace and the very well built facebook. The younger generation that is coming into the world of business truly understand the power of the internet and the opportunities that are now endless. Again a great time to turn your current business idea into reality!
   
   
3. Funding, mentoring and entrepreneur networks are now available to help you do it!: It would almost be too easy (and indeed pointless) for me to simply state these opinions to you without any way of helping you turn these business ideas into growing businesses. My reason for this article is that I truly believe there are too many smart young people with business ideas but simply lack the experience, guidance and capital to make it happen. I have been assisting young ambitious entrepreneurs make it happen for a long time now and I still feel I have only just scratched the surface!

Entrepreneurs can learn a lot from each other. Not only from their successes but of course, from the many mistakes that have been made along the way to achieving a strong cash-flowing business.

I began mentoring entrepreneurs in 2 main business fields; investment property and share trading, 2 business fields that I have been actively involved with now for over 8 years. Whilst these two industries continue to give me a lot of satisfaction and offer plenty of opportunity for others to grow their businesses, I have a real passion for assisting entrepreneurs with businesses in many other fields. Whether it be online, new hospitality, music, green technology… the list is almost endless!

It is simply too easy for people to come up with all the excuses in the world as to why they ‘cannot’ turn their idea into a business, my question to you is this; “what is the cost to you if you never even try to do it?” believe me its more than any dollar, yen, swiss franc or pound figure you could come up with. It’s the cost of regret.