Posted: Friday, 7 May 2010 @ 12:30
The magazine for small businesses and entrepreneurs, Real Business
, reports that a new survey suggests a lack of education and training for entrepreneurs is holding back many people from setting up their own businesses.
The research, published by the Global Entrepreneurship Monitor (GEM), shows that only 18 per cent of the UK's working age population has received training in starting a business.
The reason this is significant is that apparently those who have had training are much more likely to “be engaged in entrepreneurial activity, even if they didn't choose to take the training in the first place”.
The report calls for training in entrepreneurial skills to start early on, at school and a change of attitude towards entrepreneurship.
Frankly I’m in favour of anything that improves a business’s chance of success. But that’s unlikely just to be entrepreneur training; to succeed a business needs a sound business brain at the helm, sufficient capital, great products and an effective route to market.
In my experience many business owners and entrepreneurs would benefit from a crash course in practical law, so they know what legal protection they will need in their business, when they really should and shouldn’t make agreements and when to get professional advice.Gary Cousins
For free advice on this topic please call us on 0845 003 5639.
Blog by Gary Cousins
Gary has been providing legal advice to shareholders, directors and business owners for over 25 years. Specialising in dispute resolution Gary is based in Birmingham with clients throughout the UK and overseas. View profile
This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation
to discuss your particular circumstances.