Young people in Dorset are joining the mass of those bypassing today’s competitive job market to become the “next generation of young entrepreneurs”.
A survey by The Prince’s Trust suggests Britain could be on the brink of a “youth business boom” as more young people are planning to set up their own business empires.
The results of the study, which surveyed more than 1,600 people aged 16 to 30 across Britain, found the country’s economic crisis ignited an “entrepreneurial mood”, with more than a quarter of those surveyed planning to become their own boss.
Michael Pocock, from Canford Cliffs in Poole, is one of many young entrepreneurs in the area hoping to achieve success through his ideas.
He said: “I’m developing an app called ‘What city? What party?’ which lets you know what events are going on round your area of an evening, basically where the party is.”
The 22 year old, who previously worked in sales, was granted £20, 000 from a Venture Capitalist after attending the Peter Jones Enterprise Academy in Bournemouth and Poole.
He said: “I will do anything to make money, and if this idea is as successful as I hope it will be, I have plenty more ideas which I hope to pursue.”
Martina Milburn, chief executive of The Prince’s Trust, said: “This research reveals an increasingly entrepreneurial mood among young people.
“Five years on from the start of the recession, youth unemployment remains high and many are seeing self-employment as a way to break the cycle of joblessness. It is critical we nurture young people’s passion for business and invest in the next generation.”