Inside business: Boost for Britain's livewires
Sunday 15 December 1996
These fall into three categories: those set up mainly by women as second jobs in industries such as retail, catering and leisure; those that people tentatively set up while still in employment; and those, frequently described as "hidden", run by people who do not believe that they are in business, usually because they have turned a hobby, such as carpentry, into a money- making enterprise.
The number of such businesses has almost doubled, to more than 1 million, over the past eight years. As a result they account for more than a quarter of all small businesses in England and Wales.
David Lavarack, small business services director at Barclays Bank, says: "These figures reflect the changing nature of UK enterprise and employment. With the development of technology, greater flexibility of hours and working from home, people are now able to `dip their toes in the water' before fully committing themselves to running their business full-time."
However, there are still a lot of young people eager to try their hand at running their own businesses. The LiveWire Business Start-Up scheme, launched by Shell UK in 1982, aims to give a boost to such entrepreneurs and has begun its search for the 1997 award winners.
Prizes worth more than pounds 200,000, along with free business advice, are some of the benefits on offer to those between 16 and 25 entering the competition.
This year's winners, Garry Tibbitt and Michael Richford of Optimum Test Solutions, said receiving the award was the best business reference they could have wanted. Sandy Ogilvie, a director of LiveWire UK, said that everyone who takes part benefits because of the advice they get about producing a business plan. More than 70,000 young people have been helped in this way.
The competition is open to those between 16 and 25 who have started a business since 1 February 1996. Entries must be received by 31 January 1997. Ring 0345 573252 for information.
Kirstie Allsopp has waded into the female fertility debate again
...and it wasn't caused by an asteroid crash, as first thought
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered...
- 3 35,000 walrus gather on north-west Alaska beach 'for a rest'
- 4 Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Stella McCartney apologises over controversial 'very ill' model picture on Instagram
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Prince held a Facebook Q&A and this is the only question he answered...
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Cheryl Cole named 'the most dangerous celebrity' on the internet
Former Tory donor Arron Banks ups his Ukip donation to £1million following William Hague 'nobody' comment
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...