By Fernando Berrocal

Being a business owner doesn't exclude you from assisting others in their efforts of also becoming a successful business owner on their own in your local area. Helping other businesses grow in your area is just beneficial for you and your community as a whole, especially if you want to support your local businesses.

There are various ways you can help others as they try to make it as entrepreneurs in this challenging world. Whether you can invest different quantities of money or just give different types of products and services to encourage entrepreneurship in your local community, you can make a significant difference in the lives of others.

Employees Should Know That They Can Be Entrepreneurs:  It's not only about them starting their brand-new businesses; it's also about understanding that they can help you grow yours and both of you benefit from each other. You can tell your employees that you want them to think for themselves and apply their entrepreneurial talents in their ideas. 

Also, you can tell them that they may utilize their initiative to solve challenges and come up with creative work solutions. Of course, you might also allow them to work on other side projects, as many businesses do to stimulate skill development in their teams.

Invest in the Community of your Local Business: This is critical if you want to help local companies and the people who operate them flourish. Attending business meetings and social events to meet and chat with other entrepreneurs is a great way to get engaged in the social aspect of your community. You might even arrange your events if you don't think there are enough meetings of this type in your local area. Your gathering may be in different types of meetings, it just might be a small business day or it can also be a series of monthly or even weekly meetings for entrepreneurs to come as a casual social event and mainly hang out with future entrepreneurs.

Help Entrepreneurs in Gaining Recognition: Many entrepreneurs require acknowledgment and encouragement from their bosses and peers. They require inspiration and support to keep them on the correct track of the difficult road ahead. One way you can assist is to search for chances to recognize and reward up-and-coming businesses for their efforts. You can offer entrepreneurs the recognition they need to keep pushing for better results by emphasizing their accomplishments as they develop their talents and work on new initiatives.

Mentorship and Education are Provided: If you're a seasoned businessperson, you may assist others who are still looking for their ground. Mentorship and education are two ways that you may provide the help that they require. You may start a mentorship program at your business and expand it to the rest of the community. Encourage other business people to mentor you by offering their time and expertise. 

You might also provide workshops or provide information and guidance in other ways. Encourage other entrepreneurs in your area to establish and develop their businesses so that you can support the entrepreneurial community and innovation.

Ready to bring your startup to the next level? Apply to MassLight’s next batch. MassLight supplies capital and a dedicated tech team. We take equity in return. Have questions? Refer to our FAQ page.

‍