Recent figures from the Princes Trust Youth Index 2010 did not deliver the most optimistic news for today’s young unemployed Brits who are being dubbed as ‘the lost generation’.
According to the research, one in five young people, that’s 927,000 of 16-24 year olds, are currently out of work in the UK.
The Princes Trust fears that the long terms effects could be significant and that the UK risks losing out on the next generation of doctors, scientists and entrepreneurs if today’s young people don’t manage to get started on fulfilling their career ambitions soon.
Rather than looking at this group as the ‘lost generation’, they should instead be seen as the ‘undiscovered generation’, who should be fostered and encouraged to become the UK’s next cohort of young entrepreneurs and eventual business tycoons. Movements such as the Princes Trust Undiscovered campaign designed to help this group and the Make Your Mark campaign aimed at increasing entrepreneurial behaviour among young people are great ways of encouraging this.
Small business remains the back bone of the British economy, however more support is clearly needed to harness the younger generation of entrepreneurs who are hungry for opportunity and success.
According to the research, one in five young people, that’s 927,000 of 16-24 year olds, are currently out of work in the UK.
The Princes Trust fears that the long terms effects could be significant and that the UK risks losing out on the next generation of doctors, scientists and entrepreneurs if today’s young people don’t manage to get started on fulfilling their career ambitions soon.
Rather than looking at this group as the ‘lost generation’, they should instead be seen as the ‘undiscovered generation’, who should be fostered and encouraged to become the UK’s next cohort of young entrepreneurs and eventual business tycoons. Movements such as the Princes Trust Undiscovered campaign designed to help this group and the Make Your Mark campaign aimed at increasing entrepreneurial behaviour among young people are great ways of encouraging this.
Small business remains the back bone of the British economy, however more support is clearly needed to harness the younger generation of entrepreneurs who are hungry for opportunity and success.
Young people are coming out of school with a very different approach to life, thankfully entrepreneurial spirit seems to be being encouraged.
They do need a lot of support though and the work the Princes Trust does should be commended
Posted by: Pannone Entrepreneurial Services | 01 March 2010 at 02:00 PM