Entrepreneurial spirit and bright ideas are ‘thriving’ in the UK’s schools and universities, according to a new report.
An impressive 60% of sixth formers and 57% of university students would consider setting up their own business after finishing their education, according to the Natwest student money matters survey.
A quarter of students had an innovative business idea that they would like to pursue according to the report.
Of the students considering setting up on their own, two thirds were attracted to the independence it would offer them.
More than half want to be their own boss and a third thought that starting up their own business would give them a better standard of living.
A further 40% said setting up on their own would offer a welcome alternative to the standard office job.
Despite the views of many students that running their own business is a more appealing option than being an employee, the survey appears to demonstrate an awareness of the hard work involved.
Many students said they predicted long work days and much shorter holidays if they planned to become their own boss.
“With the future of the UK’s economy in the hands of today’s school and university students, it is extremely encouraging to see such ambition and drive amongst them,” said Pete Ferns, director of Natwest business banking.
“This kind of thinking and enthusiasm needs to be supported to cultivate enterprise.”
© Crimson Business Ltd. 2006
