Is The U.S. The Best Place To Be A Young Entrepreneur?
Young entrepreneurs are always saying that they don’t have the resources around them to start a business. A new study out of England suggests, however, that young Americans might be better off than their British counterparts.
According to The Prince’s Trust, a UK based youth charity which focuses on entrepreneurship, more than a third of England’s young people want to start a business but a lack of support at school means few achieve their dreams.
A report marking 25 years of The Prince’s Trust Business Programme reveals that 38% of young people in the region would like to start their own business, but less than 6% have actually done it.
More than a third (36%) cited high start-up costs as the biggest barrier to starting a business, while almost three-quarters (71%) believe that schools and colleges encourage safe, conventional careers rather than supporting aspiring entrepreneurs.
More than three-quarters (76%) of England’s young people also claim careers advisors do not mention starting a business as a career option.
The survey of more than 1,000 young people nationwide also revealed their concerns about the current economic climate. However, almost one in five of England’s young people (18%) stated that they would start their own business if they lost their job during a recession.
Almost half (45%) of young people interviewed believe that the United States does the most to encourage and support young entrepreneurs, compared with only 8% claiming the UK as the leader for enterprise.
Photo by Young Entrepreneur.
Simon on May 27th, 2008 12:56 pm
Being an affiliate marketer is the way to go with business startup. I have been doing it for years in both good and bad economic times.
Curt on May 27th, 2008 1:52 pm
I agree. America is the best place in the world to start a business. The process is so simple, just file your business application with less then $150 and your business is legally opperational.
The hard-work is part of the risk-reword, which is health, unless the government increases taxes on higher incomes – which will only discourage small-business and increase unemployment.
Hmmm on May 28th, 2008 7:08 am
Hmmm there is more to this study than what this post is trying to imply. Different angle, different story, different sides. I’m guessing the one who wrote this is an american? lol
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