From the top Fred Heritage · 12 January 2017
Ten of the most exciting young entrepreneurs to watch
Recent research into the entrepreneurial zeal of Britain’s younger generation found that half of all 25 to 34 year-olds secretly harbour thoughts of becoming exciting young entrepreneurs by turning their passion into a thriving new business. With annual rich lists now regularly boasting billionaire entrepreneurs who have barely reached their 20s, it can be of little surprise that teenage dreams of startup success have become harder to beat than ever before. With this in mind, Business Advice has put together its list of ten exciting young entrepreneurs to watch at the start of 2017. The achievements of these youngsters demonstrate the innovative, hard-working and determined mindset necessary to turn an idea into a successful profit making company. Will any of them inspire you to pursue those business plans you’ve been sitting on? (1) Tom Blomfield, CEO at app-only challenger bank Monzo Monzo is one of a growing number of fintech businesses challenging Britain’s financial services with technological nouse and an attitude which puts customers first. it’s a bank for a generation of people reliant on smartphones to access the products and services they need. In March 2016, 30-year-old Blomfield set a new crowdfunding world record, raising 1m in just 96 seconds for Monzo via Crowdcube. He has since secured a full UK banking license for his app-only bank and announced a new 4.8m venture capital-backed funding round. Before launching Monzo in 2015, Blomfield was the CEO of GoCardless. The young entrepreneur is now at the helm of one of the UK’s most exciting fintech startups, with a valuation of around 50m.? (2) Ben Towers, founder at digital media agency Towers Design Having created websites for friends and family since the age of 11, Towers, realising the profit-making potential of his computer skills, founded his Kent-based web design agency in 2011, when he was just 13. Four years later, Towers Design now employs 15 people, with the business turning over more than 500, 000 last year.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.