Last update: 04-Dec-2013 12:33 pm
Wednesday, December 04, 2013
Trinidad & Tobago Guardian Online
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Lowering barriers for young entrepreneurs
I’m 17 and I have to start making decisions about my university education. Some schools offer an entrepreneurship degree, which sounds very appealing. Do you think it’s better to study something broader so that I could start my business with some “real” knowledge?
Axel Meta, Spain
I can’t speak to the specifics of your situation, but I always tell everyone to pursue what interests them; and you already know what you want to do! It’s terrific that you have the option of attending a university that offers entrepreneurship training; I hope this includes hands-on experience and the chance to connect with mentors who will continue to provide guidance as you open your first businesses.
I’d also recommend that you look ahead to what’s next, after you graduate, so that you can prepare. What support is available for young people who have the drive and skills to become entrepreneurs?
Funding is often the greatest obstacle. When my friends and I launched Student magazine in the late 1960s, I managed to sell some ads, and that paid for the first few issues. But as the magazine caught on and we needed to pay the printers and other expenses, cash became even tighter. That’s when my mother stepped in. Months before, she had found a bracelet and turned it over to the police. No one claimed it, and around the time that my friends and I were getting a bit desperate, the police gave the bracelet back to her. She sold it and gave the proceeds, £300, to our venture. That was all it took to keep us going, and we went on to set up our mail-order record business, record stores and studio in the next few years.
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