Young people are bursting with entrepreneurial ambition. The problem is, the business world can seem like a closed shop from the outside. We want to shine a light on the young entrepreneurs launching their own micro businesses to highlight the talents coming through Britain’s ranks.
According to a study by YouGov, over half of young people would like to run their own company, yet just 8% are comfortable describing themselves as “entrepreneurial”.
Despite this, only 30 percent of teens would even consider starting a business, stating that it’s “too risky” and that there’s “not enough money in it (OCR).
YouGov’s study also revealed that 82 per cent of disadvantaged young people from disadvantaged backgrounds viewed the business sector as difficult to access.
Although over half wanted to run their own company, around four in five did not know where to get advice about setting up a business, with lack of funding cited as the main barrier.
Business Advice, therefore, thought it was vital to build a series which celebrated the achievements of young people (up to 24-years-old) in the micro business world and to play a part in constructing a community of hard-working individuals in that age group.
To achieve this, we will be profiling young people who are on their way to conquer the business industry to find out more about what made them want to be their own boss whilst asking what barriers they face being fresh-faced founders.
The young entrepreneur stories featured in this section show that you do not necessarily need years of experience to start a profitable business.
From bakeries to bridal dresses, the budding business owners featured will certainly have achieved some remarkable accomplishments well beyond their years.
We will be interviewing women founders across all sectors, beginning with Scarlett Chetwin, founder of handmade earring business Hoop.
Next week, Harry Sussams, a freelance illustrator, will also be discussing the worries of leaving university with debt and registering with the HMRC.
Daisy Robinson, who founded own sports therapy business, will reveal why she didn’t listen to her teachers and what barriers she often finds herself up against.
We’re inviting Britain’s young entrepreneurs to have their stories heard. To nominate yourself or somebody else for our weekly series, get in touch at email@example.com
Sign up to our newsletter to get the latest from Business Advice.