Young People Are Considering Self-Employment

According to The Prince’s Trust 30% of young people believe they will be self employed in the future, while one in four expect to start up in business in the next five years. The Prince’s Trust and RBS also found that although just 5% of young people are currently self employed, over a quarter are actively considering it. The main barriers to starting up in business were concerns about funding and a lack of support. Martina Milburn, Chief Executive of The Prince’s Trust, said “youth unemployment remains high and many are seeing self employment as a way to break the cycle of joblessness.”

The question in my mind is thatv whether these young people are being driven to self employment by lack of career options elsewhere.  And secondly, do they understand the implications of self employment.  In my view many only see the percieved frrdom and flexibility of running their own business.  Many quote the “no bosses” myth.  In fact, as those of us working for ouerselves know: the bank manager; the VAT; HMRC merely replace the boss at work.  I certainly believe that career and business organisations should be very wary of this. The well-known statistic of failure among ill prepared and trained would-be entrepeneurs should make us all very wary of this apparently-pleasing finding.  But what do you think?  Let me know by completing the form below.

More information on the survey: http://www.princes-trust.org.uk/about_the_trust/what_we_do/research/1305_youth_business_boom.aspx

Sc: MGBA, UKBA

About these ads

0 Responses to “Young People Are Considering Self-Employment”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




MGBA Tweets

Join 442 other followers


Follow

Get every new post delivered to your Inbox.

Join 442 other followers

%d bloggers like this: