SOS Mentoring to save youth-run businesses in the face of COVID-19

YBI’s volunteer engagement programme with the Enel Group to support struggling youth-led small businesses in Chile, Colombia, Greece, Italy, Peru, Russia and Spain through one-to-one mentoring.

SOS Mentoring to save youth-run businesses in the face of COVID-19 

YBI’s volunteer engagement programme with the Enel Group to support struggling youth-led small businesses in Chile, Colombia, Greece, Italy, Peru, Spain and Russia through one-to-one mentoring.

The programme was piloted in 2021 in Chile, Colombia, Peru and Spain and has been renewed and extended to Greece, Italy and Russia in 2022. So far, over 100 Enel employees have participated in training sessions to become volunteer mentors and, along with other mentors, have supported over 100 entrepreneurs through one-to-one mentoring.

Programme Overview 

Our research has shown that young entrepreneurs who receive mentoring feel more confident in running their business and feel they have stronger decision-making abilities. These skills are vital during this current crisis, which has hit young entrepreneurs with small businesses particularly hard. Faced with difficult decisions amid stress and uncertainty, they need support harnessing their resilience and resourcefulness, to keep their businesses afloat. 

Following the initial mentor training led by YBI's mentoring team and our members Youth Business Russia and Youth Business Spain, volunteers join mentoring programmes run by our members and delivery partners Acción Emprendedora in Chile, Corporación Minuto de Dios in Colombia, Perspektiva in Peru, Youth Business Spain, Action Finance Initiative (AFI) in Greece, MicroLab in Italy, and Youth Business Russia.

Programme Structure 

The programme has two key components: 

  • Mentor training and support: all volunteers receive an initial mentor training at the start of the programme as well as ongoing support and guidance from YBI members in the form of regular check-ins and monthly facilitated dialogues with experienced mentors. 
  • One-to-one mentoring: each volunteer mentor will be carefully paired with a young entrepreneur, considering similar personalities, interests and needs of the entrepreneur, and provide a minimum of three months support.

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Supported By

In Partnership with

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Accenture

Accenture

Worshipful Company of Management Consultants

Worshipful Company of Management Consultants

IDB Lab

IDB Lab

Enel

Enel

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