Entrepreneur training called for

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
Business Solicitor

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