Karl Talbot Offers Tips on Mentoring Young Entrepreneurs in Today's New Business Paradigm

PHILADELPHIA, PA, May 20, 2013

As the founder of business development firm TALK Enterprises, marketing expert Karl Talbot remains fervent about supporting viable startups to lead the next wave of commercial success. He explains that as North America faces a slow recovery, entrepreneurs may prove the most important resource for reshaping the economy and discovering new solutions for the future. As such Talbot has utilized his resources at TALK Enterprises to help connect willing investors with strong entrepreneurs for funding and mentorship possibilities.

Although it may prove easy for many investors to provide monetary resources, Karl Talbot notes that it is also critical for today's business leaders to usher in the next generation through sound mentoring skills. He states, "Mentoring is important and often essential mostly in fast growing companies. The newcomers need help to manage growth and success. But in this new era, what mentors must not forget is to learn from the newcomers and merge that to their knowledge so they can grow, instead of trying to implement old business ways that do not work anymore." For this reason, Talbot points to a recent article from Wall Street Journal that highlights just a few tips from current corporate mavens on mentoring young entrepreneurs.

According to the article, many maintain a focus on helping entrepreneurs discover their passion and their goals--as these factors are noted to drive success. For example, Sharon Hadary--founding and former executive director of the Center for Women's Business Research--explains in the article, "Most of all [it is important to] encourage and support budding entrepreneurs to think big from the very beginning. Believe in their dreams along with them. The goals they establish today will influence the choices they make along their journeys and will sustain their entrepreneurial spirit."

However, Karl Talbot notes that some current business leaders in the Wall Street Journal article suggest that sometimes being a mentor means having to deliver "honest and constructive feedback." Mary Liz Curtin--owner of Leon & Lulu--comments, "One of the hardest parts of working with developers is telling them a product is not viable, but it is an essential part of the services we provide. We hate to tell someone his baby isn't adorable or that her prized artwork is probably unsalable, but anyone who asks for guidance from an established, successful business or a professional must understand that most products don't succeed and each product, successful or not, is just one in a series over the life of a company."

While Karl Talbot understands Curtin's perspective, he suggests that it is important for mentors to listen to young entrepreneurs to create a unified vision towards progress. "It is a new business paradigm, when the new generation has a fresh vision and they are building businesses in fields that did not exist as close as five and 10 years ago. So being a mentor, you need to listen and admit sometimes you have to think different then when you launched your first business 15 or 20 years ago. It is often to know how to get the student to use your expertise to reinforce his own vision and not to impose your vision from your past experiences," Karl Talbot concludes.

ABOUT:

Karl Talbot is the innovative and driven founder of TALK Enterprises, a comprehensive business development firm that stands to offer solid services in marketing, technology and entertainment. As a seasoned professional of the marketing world, Talbot has had the ability to lead this company to success since its inception in 2010. Although TALK Enterprises serves a diverse set of clients from multiple industries, all efforts under the firm are designed to meet the same goal--to produce unprecedented business growth and opportunities.