🟪 Tomorrow’s Entrepreneurs

Tomorrow’s Entrepreneurs
What they think, how they work, and what sets them apart

The report shows that access to entrepreneurship isn’t universal, with young entrepreneurs more likely than older entrepreneurs to come from a privileged background. Younger entrepreneurs (aged 18 to 35) are:

— more than three times more likely to have attended a private school  compared to the general public (20%
vs 6.5%).
— more likely to say they had help through personal connections to get their business running than older
entrepreneurs (45% vs 38%),
— more likely to raise finance from family and friends than older entrepreneurs,
— less likely to have attended a comprehensive school than older entrepreneurs (49% vs 63%),

As a group, Black, Asian or other ethnic minority entrepreneurs were more likely to say their businesses primary aim was to address a social or environmental problem, to focus on diversity even at the expense of profit, and to choose suppliers based on the social good rather than value for money.