According to a new released survey, more than half of young Britons have expressed their desire to set up their own business, with more young women indicating their intentions to become entrepreneur.
This was the finding of a recently released study made by Businessdynamics. The survey revealed that 51 per cent of young women now want to start up their business, operate it and become their own bosses. This is in contrast with just 35 percent of young women who responded to the same survey made last year.
The marked increase is significant because this is the first time that a majority of females have expressed that they want to be self-employed. It also narrows the gap between women and men – who are more traditionally dominant entrepreneurs.
This year, 55 per cent of male students have said that they wish to become entrepreneurs after they graduate. This is a positive effect of a number of factors – business role models, government aid for enterprises, and the success of start-up groups in communicating its message to the youth.
The entrepreneurial spirit also remains strong. Based on recent study done by City and Guilds, 94 per cent of young people have expressed that they are happy to work long hours as entrepreneurs.
But Businessdynamics also reported that the geographical North-South divide still continues even with regards to the youth’s start-up ambitions. This is a gap that the CBI has urged the Government to address. According to the survey, 56 of respondents from England want to become entrepreneurs, compared to just 38 per cent of their counterparts in Scotland.