One in five 18-34 year-olds have a business idea. And with young people nearly three times more likely to be unemployed than the rest of the population – the highest level in 20 years – and the volume of new companies rising each year, starting a business has rarely been more pertinent. While the stats show youth employment – those aged 16-24 actually fell by 181,000 for the year to January 2015, the number unemployed remains close to 750,000 in the U.K. That’s why the number of self-employed young people has risen dramatically since the start of the economic crisis.
Starting a business won’t prove the silver bullet for all, but the support available has certainly never been so good.
The first and the most important thing, also the hardest, in the path towards launching your own startup business, is to come up with an idea that works. The world is filled with millions of people, each with their own idea of how technology can make the world better. Most of these ideas never even see the light of day, perhaps because they don’t actually solve a real problem, or because they don’t really accomplish anything that hasn’t been already done. In order to succeed your idea doesn’t have to be brilliant, it only has to be better than what the market currently offers.
Learn from those who have gone out and executed their business ideas.