UK Report Makes Note of Remarkable Success of Entrepreneurs Aged 16 to 25
From the UK, news arrives of a report that lends inspiration and encouragement to everyone who is an entrepreneur, seeks to become one or otherwise wishes to dispense with the 9-to-5 workaday routine:
A report released today by Enterprise Nation, the home business website, has found that the under-25 age group is now one of the largest growing sectors of society to take the plunge and start up successful home-based businesses.
The study has provided an in-depth analysis of how the nation has moved away from the traditional office environment to embrace a more relaxed and flexible system of work that now sees almost a third of the entire British workforce operate from a home with a combined annual turnover of £364 billion.
Along with the tenacious teens, recent statistics show that the other demographic sectors that have recently seen a boost in numbers include women and the over 50s with business and professional services making up the vast majority of new companies set to be a success.
There are now more than 2.1 million home based businesses in the UK which compares to a total of 4.5 million small and medium sized enterprises at the start of 2006, an increase of 2.9 per cent on the start of 2005. Accountants, website developers, online trading, personal services (such as home interior designers, hairdressers, party planners), food (products and caterers), and domestic energy (including people selling excess DIY ‘green’ power back into the national grid) are amongst the most popular start-up businesses that make it past the all important first year of trading.
What’s more, it seems that young people are being inspired by their peers to go it alone rather than get a regular job. A recent Generation Enterprise report commissioned by City and Guilds revealed that half of those questioned aged between 16 and 25 knew someone under the age of 30 who had started their own business.
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