On the up Carly Hacon · 25 June 2018
Young entrepreneurs: What’s your story?
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 percentof 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 haveachieved some remarkable accomplishments well beyond their years.
ABOUT THE EXPERTCarly Hacon
Carly Hacon is a reporter for Business Advice. She has a BA in journalism from Kingston University, and has previously worked as a features editor for a local newspaper.