Shortage of role models for UK entrepreneurialism

Monday 19 November 2012

Business

There are surprisingly few role models for people setting up small and medium-sized businesses (SMBs) in the UK, it has been claimed.

According to the Independent's Small Talk column, it tends to be the same faces who promote the sector's campaigns.

The news provider said it is the likes of Sir Richard Branson, Lord Sugar and the Dragons' Den judges who tend to be charged with promoting entrepreneurialism in the UK.

It claimed there are "far too few" people in Britain who are known and celebrated for setting up and building successful businesses.

Most of the SMB role models are people who have become known because of television appearances or publicity stunts, the Independent said.

These individuals are feted as much for their celebrity as their entrepreneurialism, it added.

"Maybe, though, that reflects the British attitude towards entrepreneurialism: it's something many of us like the idea of, but don't actually engage in," the column suggested.

"And when others take the plunge and succeed, we're not always terribly generous about applauding them."

The news provider said there may be widespread acceptance that entrepreneurs are "a vital engine of economic growth", but not too many of us want to be one.

And the shortage of role models is perhaps where the problem lies, it added.

"There simply aren't enough successful entrepreneurs out there whom the rest of us would like to emulate," the Independent said.

Posted by Jenny Arthur