Future Gazing – Global Entrepreneurship Week
Skills for success?
Entrepreneurs predict that the main developments that will allow them to grow their business over the next five years will be an increased ability to access funding collaberatively or from mulitiple sources.
“There needs to be help and support for the entrepreneurs that wish to grow their business from a small concern to a medium sized company.” Jenny Holloway, Fashion Enter Ltd
Many of the entrepreneurs surveyed call for young people to develop an ’employ yourself’ attitude. And should opt for starting their own business rather than trying to find a job suited to them and their skills. Especially when faced with our high unemployment rates and university fees.
“It already is a viable career choice because instead of sitting there ‘poor me’ and ‘give me a job’ they will come to the realisation that they just might as well employ themselves” Lisa Newton, Boogles Ltd
Should Entrepreneurs stay local or go global?
When asked where the main oppourtunites for UK start-ups will lie between now and the next 5 years, entrepreneurs identify local and regional markets (25%), global markets (17%) as having much better prospectsthan national (7%) and European (4%)
“Online shopping exports are forecast to increase to $18bn by 2016” Alice Hastings- Bass, LUX FIX
“A vocational practial ‘Business Studies’ qualification that isnt just theory would definetly help to feed that economy with more successful, young startups” James Bishop, Hire the Barman
How to encourage start-ups
41% believe a greater focus on enterprise in school and college would have the greatest effect on encouraging UK start-ups.
“…Give them access to information/services which will then help them harness the drive/excitement they will have to start their own company” Wayne Berko, UniversalExtras
“Reality shows such as Dragons Den and The Apprentice can do a lot too” David Lester, Crimson