Louis Barnett became the youngest entrepreneur in the UK when he set up shop at the tender age of 12. Now, at 19 years old, Louis is considering a change.
Speaking to Insider, the South Staffordshire businessman – now aged 19 – said the government needs to do more to support young entrepreneurs before it loses upcoming talent to foreign markets.
As well as preparing to launch his confectionery in India next year, Barnett has just launched his own mentoring service for young people, entitled Champion Club. He said it was vital to recognise and support young talent.
“There are so many young people with such great ideas in this country — unfortunately, they just don’t get the support that they need,” said Barnett, whose new venture will provide advice and guidance for both entrepreneurs and young people outside of business.
“Most advisory websites and schemes are run by older people, and can be quite difficult for young people to relate to. Hopefully I’ll be a more approachable subject for the next generation.”
However, although Barnett says the business has gone from strength to strength as a foreign export, the British confectionery market has been harder to crack.
“The product is doing really well abroad, especially in Hungary and the USA — but it’s just been very hard to make a mark in England.
“I am certainly considering moving abroad to make the business more successful — I am currently shipping the bars to 13 states in the USA, and am looking to work more with markets in India in the future.”
Image from Louis Barnett