Friday, September 28, 2007

Tips to get rich young from the young rich!


Marc and I have been talking about generation Y and the different approach they have to life, work and the future. There is this a video we used in the preparation for a recent conference workshop, which shows a group of young employees talking about their expectations for the future. 'We want to be rich by the age of 40' a girl says ... 'by the age of 30!' another adds.


A survey carried out by City & Guilds, the vocational training group, found that 49% of 16 to 24-year-olds have a "strong desire" to set up their own business. The main reason being they want to be their own boss. One in 10 wants to get started in the next year and 35% plan to launch their businesses in the next five years.


"Owning your own business is no longer the preserve of older employees with decades of work experience," pointed out Chris Humphries, director general of City & Guilds. "Starting a business is highly appealing to today's youth who long to be their own boss and set their own agenda."


Young people who have already made their mark are providing the biggest inspiration for the next generation. Nearly half of the young wannabe entrepreneurs said they know someone under the age of 30 who has already gone it alone. The following article contains the advise, tips and insights about starting up in business from five young, and highly successful, entrepreneurs.

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