"Some school leavers may train whilst they make big plans for their future business and others may dive straight in at the deep end. Making this leap isn't easy. An entrepreneur will want to succeed in what they do and therefore need to be resilient, know exactly what they want to build and why as well as being self-motivated. Why do young people want to become entrepreneurs?"
"Learn Now Distance Learning College has spoken to many potential and current entrepreneurs with most having similar reasons for wanting to secure their future, even stating the following: "When you go through major changes in life such as recessions and pandemics, you realise no job is safe." "Major companies can collapse that no one could have predicted. Some individuals will feel more secure in something they have built themselves rather than relying on other companies as security.""
Many learners leave school or college and progress to university, apprenticeships, or jobs, while a small number pursue entrepreneurship. Some school leavers train while planning a future business, and others dive straight in; making the leap requires resilience, clear goals, and self-motivation. Young people pursue entrepreneurship because of job insecurity in recessions and pandemics, the collapse of major companies, the desire for control and flexible schedules, higher earning potential, and the wish to bring ideas or products to market. Key skills include basic business knowledge, financial understanding of profit, loss, pricing, costs, budgeting, accounting familiarity, goal setting, market research, and customer understanding.
Read at Business Matters
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