Successful businesses are diverse in both scope and structure. However, even though they all vary in ideas, strategies and tactics they will all share a common characteristic: initiative and
imagination.
A youthful mind is generally an imaginative mind, not yet constrained by the restrictions imposed by age. This can lead to ingenuity and ground-breaking ideas, yet many young entrepreneurs fall at the first hurdle due to the perception that their product or service will never be funded or supported. Hence, if you have an idea, seek an opportunity and seize it! Young entrepreneurs tend to take a unique view of business and create a positive reality through their innate optimism and enthusiasm. For example, many start-up businesses would see the current financial climate as being a far from ideal time to form a company. Yet through finding a unique business niche, and founding business concepts on diverse lateral thinking, a young entrepreneur can turn the present market to his or her advantage.
Growing numbers of people are choosing to go in to business for themselves after education, despite the morbid messages being espoused by the media about the economy. But why should young people be pessimistic, with a Smörgåsbord of opportunities in front of them?
• The Princes Trust provides financial assistance and business support for young people. The cash on offer comes in the form of start-up loans of up to £5,000 at 3% per annum and as part of the deal you also receive assistance from a business mentor. You will need a business plan to pitch for the money.
• Shell LiveWIRE helps encourage enterprise amongst those aged between 16-30 by offering year round help and advice. The range of business publications and training packs covers all the topics budding entrepreneurs need to know, from managing people, to marketing and HR. In addition there are over 100 co-ordinators nationwide who can provide one-to-one advice on starting a business.
• Young Enterprise UK runs a range of business education programmes for over 150,000 youngsters every year. Participants get first-hand experience in running a company through Young Enterprise’s partnership with over 2,000 businesses across the UK.
• Biotechnology YES: Young Entrepreneurs Scheme is an innovative competition developed to raise awareness of the commercialisation of bioscience ideas among postgraduate students/postdoctoral scientists. The scheme is funded by UK universities and educational funds with an aim to promote an entrepreneurial spirit within postgraduates for the benefit of the UK economy.
What all of the above schemes seek to reignite is an entrepreneurial spirit once the backbone of Britain. If it was not for past pioneers, speculators, inventors or risk takers, the country’s infrastructure and day to day tools we take for granted would not be here today. So, whether you want to build a franchise of niche restaurants, design a clever contraption, or invent a device that stops terrorists, there is support there for you.
If you posses youth, innovation and initiative there are no limits to what you can achieve. Go ahead and find your opportunity today!
If you want more information visit www.london-registrars.co.uk
