Between November the 18th and the 24th it will be Global Entrepreneurship week.
Some people might ask why Global Entrepreneurship Week is important?
My answer would be that it is all about raising awareness of the efforts and support from people responsible for generating revenue, creating jobs, providing products and services that will help get the country out of an uncertain economic situation.
The Prime Minister, David Cameron said that Global Entrepreneurship Week is about growing enterprise ambition and ensuring that those with ideas know where to get the support they need to make them a reality. It’s about creating jobs and opportunities: small business in the UK employs nearly 60 per cent of the workforce and contributes almost half of UK turnover.
The challenge we face is simple: whilst more than half of the population would like to start their own business, less than five per cent actually do.
Young people in the UK are three times more likely to be unemployed than adults, and more than twice as many men start up businesses as women.
Yet mass participation in activities designed to promote entrepreneurship and entrepreneurial thinking can have proven outcomes in addressing these issues.
Global Entrepreneurship Week – which began in 2004 as Enterprise Week – is the world’s largest campaign to promote entrepreneurship and is recognised as the highlight of the entrepreneurship calendar.
As a result of the 2012 campaign: 64 per cent of participants who were not entrepreneurs said that they were encouraged to think about starting their own business and 46 per cent of participants who were entrepreneurs said they had been able to make useful new contacts.