By Owain Betts, Sep 16 2014 12:40PM
Mention the word entrepreneur to anyone and they'll most likely think of millionnaires and the the members of the BBC Dragon's Den television programme.
But how far from the truth could they be. Look up the word in the dictionary (Oxford). Entrepreneur: Person who who organizes a commercial undertaking."
So no mention of financial means or wealth.
And that's just my point. To be an entrepreneur you just have to have the idea for a commercial enterprise or be able to support an existing business that could benefit from your skills, such as mentoring. So you don't have to have millions in the bank. You just have to have the idea and inspiration to succeed.
This week the Welsh Government-backed Big Ideas Wales campaign launched the second Big Ideas Wales Challenge. Aimed at 16 to 24-year-olds, the Challenge has already proved itself just eight months into the first Challenge, with 28 young people starting or about to start their own business.
The second Challenge takes it to another level, offering 50 prized places for young people to be fast-tracked into a bootcamp and offered advice and mentoring from some of Wales' top entrepreneurs. All they have to have is a business that was formed in 2014 or be about to launch one.
This is a great opportinity for young people throughout Wales to receive a level of help that many entrepreneurs who have been there and done it could only have wished for in past years.
I'm pleased to be involved in the Big Ideas Wales campaign, promoting indiviudals, role models and the Challenge itself. It's inspirational to see young people geting to grips with their "big ideas." And I'm sure amny of these will be household names in years to come.
If you are aged between 16-24 years of age or know somebody that is and has started their own business with growth potential or is about to launch one, visit www.bigideaswales.com for more details. Applications are open and audition will be held in December before a bootcamp for 50 successful young entrepreneurs is held in Wales.
Caption: Some of the Big Ides Wales young entrepreneurs with James Taylor, Group Chief Executive of SuperStars and Big Ideas Wales Challenge Ambassador. Photo by Roger Donovan, Cardiff.