Inquiry into Young Entrepreneurs

I was recently asked to take part in a Wales-wide inquiry into youth entrepreneurship. Although I am now slightly out of the age range to be classed as ‘youth’, I was when I started my business, Applingua Ltd, on my 24th Birthday.

The video speaks to several young entrepreneurs who give their opinion on a wide range of issues around starting your own business in Wales and was shown to the Enterprise and Business Committee at the National Assembly for Wales on Thursday 12th June 2013. You can read the agenda and minutes of the meeting here.

I promote youth entrepreneurship at any given chance and have always maintained that our education system should promote starting a business as a viable form of post-education employment. All too often schools boast about their ‘successful’ pupils who gone on to work for big-city companies across the bridge, when they should also celebrate the 16 year olds who leave school early, train as a hair dresser, and now run their own salon employing 10 people.

Wales is in an ideal position to encourage entrepreneurship through local grants. I would most like to see this being supported by Welsh Government through the expansion of the Enterprise Zone trials in England, whereby individuals starting a business can claim Job Seekers Allowance for the first nine months. I strongly believe this will encourage people without a job to take the leap.

New companies make new jobs and push our economy forward. The more startups we have here in Wales, selling products and services around the world, the more attractive our country becomes to outside investment and high-net worth individuals who can feed back into our economy. Let’s make it even easier for people, young and old, to start a business and promote Wales as a great place to do business.

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