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Young people considering entrepreneurial careers

By: Ashley Curtis
08 September 2011

A growing number of teenagers, worried over the lack of jobs and higher university fees in the UK, are becoming young entrepreneurs in a bid to become their own boss.

Fresh Business Thinking reports that a study, conducted by PC World Business, suggests that are nearly half (44 per cent) of young people are either asking their friends: "Have you ever thought to start your own business?" or actually entering the world of self-employment; starting their own firm.

With a sixth of young people aged 16 - 24 currently currently classed as NEET (not in education, employment or training), the idea of taking on their own business seems like an attractive prospect.

The study demonstrated that around 80 per cent of 16-year-olds have had a business idea for two years or less; while 44 per cent of young people claim they could run their whole business using just a laptop and an internet connection.

More ambitious job seekers (19 per cent) are looking to set up their business in the next six months and 46 per cent are looking at starting up in the next two years.

According to Management Today, television programs like 'Dragon's Den' and the 'Apprentice' have paved the way for the next generation of entrepreneurs, making young people more aware of the complexities of starting a business.

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