Not Enough Entrepreneurial Support for Teenagers

Starting your own business is usually the product of a passion for what you do, vast knowledge of your trade, and a general wealth of experience.

However, recent researched has conveyed a disregard for this checklist.

The researched has unveiled the apparent ambition, motivation and aspiration of the UK’s teens. The Shelley Stock Hutter report revealed that as many as 65% of the 2,000 teenagers surveyed expressed a desire to start up their own business.

Worryingly, out of these respondents, only one in ten felt their school was providing enough education and support surrounding the matter.

From this, it is evident that schools need to begin investing more time into entrepreneurial education.

Of those surveyed, 47% wished to set up their own business by the time they were 25, with 16% stating they would like to start up between 16 and 19 years old.

A partner at Shelley Stock Hutter, Bobby Lane, said that the amount of young, hungry entrepreneurs was great news.

However, referring to the tenth of respondents feeling their school was doing enough, he explained that many didn’t feel they had the support to take the next step. He asserted that schools must ensure the fundamentals of how to set up a business were covered early on in secondary school.

Lane was also concerned by path so many teenagers are taking, “It’s interesting that so many teenagers feel that going to university would be the best option after leaving school. With so many keen to run their own business by the time they are 25, it begs the question whether getting a degree in this age is the best path for all.”

Lane concluded that perhaps young people should consider placements and apprenticeships as opposed to academia if they are serious about starting up on their own, as this route would undoubtedly provide a range of skills and experience that a degree probably wouldn’t. 

By:Sam Greenwell

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