Dragon's Den is giving young entrepeneurs the wrong idea

On a path to failure.

It has never been easier to set-up a business, but too many are failing. The problem is experience. Sadly I’ve seen so many aspiring entrepreneurs fall short because they do not have the required knowledge in the profession they are looking to break into. The statistics demonstrate this too, with one in three businesses failing in the first three years. While knowledge is a key factor, the way the media heavily focuses on the entrepreneur does not help either. It’s almost as if it has become the new fashion to become an entrepreneur.

You only have to look at the likes of The Apprentice and Dragon’s Den to see evidence of this. While these shows can be great for the right person with the right idea, at the right time, the problem is that too many people watch these shows and think that in no time they can be driving around in a Ferrari and living the life of Peter Jones or Lord Sugar.

In times gone by, what used to happen was that someone would embark on a job and they first focused on learning that job incredibly well. Then, they would gain enough experience to feel confident enough to set-up their own business. The decision to do this could be for a number of reasons, for instance, perhaps they lost their job, perhaps they felt undervalued or maybe they felt that they could do the job better than their manager. The bottom line is that they had gained experience to start something on their own.

Unfortunately, the reality is that young adults leave school with very little experience in their profession, yet they want to set-up their own business. They think it’s glamorous and they think it’s easy. They come up with an idea and they just get on with it without the required knowledge. They lack life and employment experience and because of this they end up making a series of mistakes. However, if they had first learnt their trade then they would be in a far better position to start their own business.

While this situation is largely due to the current climate, in which graduates and school leavers are struggling to obtain a job in the industry or profession that they wish, there needs to be an emphasis on support, and we need to offer these young professionals the guidance they need. For instance, business owners need to be honest with budding entrepreneurs and tell them if they think they have a good idea – and if it’s not, they need to be told too.

I myself have worked with the Prince’s Trust and I am currently working on a project in Guernsey, run by the Chamber of Commerce, which has put together a business club where aspiring entrepreneurs attend. The club discusses business ideas, members have the opportunity to pitch them and they can receive investment if the idea is solid. They are then supplied with a mentor, like me, to help them achieve their goals.

While no one underestimates the hostility of today’s current market, we do still need to recognise the transformative power of start-ups and offer them the support and guidance they need to pursue their dreams. A community of entrepreneurs, mentors and educational resources is the key ingredient in a start-up’s success and I would encourage anyone who has the opportunity, to give back wherever you can. Business start-ups are the lifeblood of the UK and we need to do all we can to help it prosper and thrive.

Shane Turrell is founder of PracticePro.

This story first appeared on economia.

James Caan. Photogaph: Getty Images

This is a news story from economia.

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The rise of the green mayor – Sadiq Khan and the politics of clean energy

At an event at Tate Modern, Sadiq Khan pledged to clean up London's act.

On Thursday night, deep in the bowls of Tate Modern’s turbine hall, London Mayor Sadiq Khan renewed his promise to make the capital a world leader in clean energy and air. Yet his focus was as much on people as power plants – in particular, the need for local authorities to lead where central governments will not.

Khan was there to introduce the screening of a new documentary, From the Ashes, about the demise of the American coal industry. As he noted, Britain continues to battle against the legacy of fossil fuels: “In London today we burn very little coal but we are facing new air pollution challenges brought about for different reasons." 

At a time when the world's leaders are struggling to keep international agreements on climate change afloat, what can mayors do? Khan has pledged to buy only hybrid and zero-emissions buses from next year, and is working towards London becoming a zero carbon city.

Khan has, of course, also gained heroic status for being a bête noire of climate-change-denier-in-chief Donald Trump. On the US president's withdrawal from the Paris Agreement, Khan quipped: “If only he had withdrawn from Twitter.” He had more favourable things to say about the former mayor of New York and climate change activist Michael Bloomberg, who Khan said hailed from “the second greatest city in the world.”

Yet behind his humour was a serious point. Local authorities are having to pick up where both countries' central governments are leaving a void – in improving our air and supporting renewable technology and jobs. Most concerning of all, perhaps, is the way that interest groups representing business are slashing away at the regulations which protect public health, and claiming it as a virtue.

In the UK, documents leaked to Greenpeace’s energy desk show that a government-backed initiative considered proposals for reducing EU rules on fire-safety on the very day of the Grenfell Tower fire. The director of this Red Tape Initiative, Nick Tyrone, told the Guardian that these proposals were rejected. Yet government attempts to water down other EU regulations, such as the energy efficiency directive, still stand.

In America, this blame-game is even more highly charged. Republicans have sworn to replace what they describe as Obama’s “war on coal” with a war on regulation. “I am taking historic steps to lift the restrictions on American energy, to reverse government intrusion, and to cancel job-killing regulations,” Trump announced in March. While he has vowed “to promote clean air and clear water,” he has almost simultaneously signed an order to unravel the Clean Water Rule.

This rhetoric is hurting the very people it claims to protect: miners. From the Ashes shows the many ways that the industry harms wider public health, from water contamination, to air pollution. It also makes a strong case that the American coal industry is in terminal decline, regardless of possibile interventions from government or carbon capture.

Charities like Bloomberg can only do so much to pick up the pieces. The foundation, which helped fund the film, now not only helps support job training programs in coal communities after the Trump administration pulled their funding, but in recent weeks it also promised $15m to UN efforts to tackle climate change – again to help cover Trump's withdrawal from Paris Agreement. “I'm a bit worried about how many cards we're going to have to keep adding to the end of the film”, joked Antha Williams, a Bloomberg representative at the screening, with gallows humour.

Hope also lies with local governments and mayors. The publication of the mayor’s own environment strategy is coming “soon”. Speaking in panel discussion after the film, his deputy mayor for environment and energy, Shirley Rodrigues, described the move to a cleaner future as "an inevitable transition".

Confronting the troubled legacies of our fossil fuel past will not be easy. "We have our own experiences here of our coal mining communities being devastated by the closure of their mines," said Khan. But clean air begins with clean politics; maintaining old ways at the price of health is not one any government must pay. 

'From The Ashes' will premiere on National Geograhpic in the United Kingdom at 9pm on Tuesday, June 27th.

India Bourke is an environment writer and editorial assistant at the New Statesman.

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