More students looking to start up businesses

Friday 23 November 2012

An increasing number of young people are actively considering life as an entrepreneur, a new study has claimed.

Research conducted by StartUp Britain revealed that 63 per cent of students want to start a business after they finish their studies.

The desire for greater freedom (29 per cent) and independence (29 per cent) are the main reasons for contemplating this move.

Some 20 per cent of those surveyed thought they could make more money working for themselves than getting a job.

Just four per cent said they were considering entrepreneurship because they fear not being able to find a job.

StartUp Britain co-founder Emma Jones said it’s "no surprise" that people in the younger generation are increasingly looking to entrepreneurship as a career path.

"Their innate understanding of technology and the fresh opportunity that exists out there right now means they are perfectly placed to start-up a business and work for themselves, more often than not, from home," she stated.

"It is refreshing to see so many of Britain’s youth interested in starting their own company and it is important that we do everything we can to support them on this journey," said Sarah Shields, UK and Ireland general manager at Dell Consumer and Small Business.

She commented that the students surveyed by StartUp Britain will be the business leaders of tomorrow and play an important role in the future of the global economy.

Posted by Jenny Arthur