How does your typical UK Entrepreneur look ? [kwiqq]

Posted on | December 3, 2008 | View Comments

Interesting to read that there is a study to find a typical entrepreneur ! Read the entire article on Startups.co.uk ‘s blog.

Statistic reveal that the majority of entrepreneurs are white males, in their forties, who live in the South East. The article shines light on some interesting statistics on small business owners:

• Age Category: under 35 (9%), 35 to 44 (25%), 45 to 54 (31%) and 55 to 64 (26%)
• Sex: Women (14%), Men (86%)
• Education: No education (11%), A Level or equivalent (29.4%), degree or equivalent (21.8%)
• (66.67%) First time business owners/managers with no prior experience
• 50% of the entrepreneurs have worked in the sector they began a business in
• 8% of UK businesses are Ethnic Minority Led (EML)

Although the statistics are really compelling I would strongly advice anyone starting a business to ignore these completely! Statistically I should be doing fairly bad :

• Under 35
• Postgraduate degree
• No prior management experience
• Ethnic Minority

Why should these statistic be ignored ?

Firstly, experts like Mike Southon in his book The Beermat Entrepreneur says anyone can start a successful business and most of the skills are learnt on the job. Secondly, although these statistics do favour a certain section of the population, the unfavourable factors make a great story for newspapers, press releases etc. Actually with the right amount of effort combined with the correct attitude can provide you with a deeper penetration.

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