Lack of jobs and higher tuition fees fuelling surge in young Generation Y Not entrepreneurs
Nearly half of
young people would like to set up their own business
80% of 16 year
old's have had a business idea for two years or less
PC World Business
launches competition to find Britain’s best Generation Y Not? Entrepreneurs
Lack of jobs and higher university tuition fees have led to a growing number of teenagers and young people aspiring to be their own boss, research by PC World Business has found.With A-level and GCSE results recently published and a sixth of young people aged 16-24 years classed as NEET (not in education, employment or training), the study found that nearly half (44%) of young people are looking to set up their own business and are using technology to supercharge their business ideas more than ever before.
Forty four per cent claimed they could run their whole business
using just a laptop and internet connection leading to PC World Business dubbing them the Generation Y Not entrepreneurs.
Generation Y Not entrepreneurs A massive 80% of 16
year olds have had a business idea for two years or less, (some since they were
only 14 years old) and with university tuition fees on the rise, they are now
ready to set up their firms and become the next Richard Branson.
Forty six per cent are aiming to set up on their own in the next two years and an ambitious 19% are looking to set up their business in the next six months. Celebrity business programmes, such as The Apprentice and Dragon’s Den, are influencing this group of young business stars, with nearly half (49%) claiming they are more aware of entrepreneurial career options after watching business TV programmes.
To celebrate this growing trend, PC World Business is launching a competition to find Britain’s best Generation Y Not? entrepreneurs, rewarding those with the best business ideas as well as those who use technology in innovative ways.
To find out more about the Y not competition visit:
http://www.pcworldbusiness.co.uk/help-support/business-it/generation-y-not/?offerhttp