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Entrepreneurs

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Young entrepreneurs are the cornerstone of the country’s economic success

The RSA and Royal Bank of Scotland recently published a report which stated that while 9.5 per cent of 18-24 year olds say they intend to start their own business, only 3.6 per cent of them are doing so. Much work is being done by the government to encourage younger entrepreneurs to start their own business, and inspired by programmes like Dragons Den, the UK start-up landscape is vibrant, despite ongoing economic gloom. However, more young people need to feel inspired and empowered to pursue their own business goals, and education and mentorship play no small part in this process.

How Judy found room in the market for her great idea

Necessity has been described as the mother of invention but it can also be the maker of fortunes. Judy Niner, founder and chief executive of the MondaytoFriday.com rent-a-room website, hit upon her business idea back in the late Nineties when her job as marketing director of the Science Museum in Kensington meant she needed a home from home in the week in London while renting out her place on the same basis in Oxford.

Digital record boss who sees no defect in music revolution

While others in the music industry have seen their business shrunk by file-sharing and revenues squeezed by iTunes pricing, Defected Record’s founder Simon Dunmore won’t stop banging on about the benefits of digital. “What we can do on a computer is amazing”, Dunmore reveals in Defected’s Shoreditch offices. “The record industry bleats about file-sharing having an adverse effect on earnings, and that’s true, but the costs of what we do are astronomically down.”