Business Y

Business savvy young people may seem like a very modern concept, but dig a little deeper and you’ll discover young entrepreneurs, are old news…

According to Forbes magazine for instance, five of the most successful businesses in the world today were founded by people in their 20s. True, some of them aren’t so young anymore, and sadly Steve Jobs – who founded Apple when he was just 21 – is no longer with us, but it just goes to show that when it comes to start ups, young people are a force to be reckoned with!

Mark Zuckerberg at the 37th G8 Summit in Deauville 018 square

Mark Zuckerberg was only 20 when he founded Facebook

Job security however, is another issue and it’s fair to say that older generations definitely come out on top. They’re often – but not always – more established in the work place with the added comfort of a permanent contract (though some would argue nowadays, the concept of a secure job simply doesn’t exist). Perhaps this could in part explain why more and more young people are getting out there, trying to create their own jobs and start up companies; pouring all their creativity  and resourcefulness into the mix.

In Generation Y, we’ve explored this topic in two reports: Green means business and Are you using your e-skills?

Are you using your e-skills?

We know it’s a subject that interests lots of you and we think it’s important to really highlight the success stories that are out there and hopefully inspire some of our own viewers to get out there into the business world and make their presence felt!

The euronews Business Awards for one is a perfect example of just how much entrepreneurial spirit exists amongst youngsters in Europe today. The event was part of euronews Talents, an initiative that showcases people with all manner of skills – from spreadsheets to DJing. The Business Awards for example, targeted companies that have utilised the internet as a catalyst for growth (it will come as little surprise to hear a number of the business founders who sent in videos fall into the Generation Y age bracket). The trophies

Among the prizes promised to the winners of the three categories (Growing Online, Going International and Women in Business) was a 4 minute report by euronews presenting each nominee’s business. The videos are packed with useful tips and stories on how our fledgling business people started with just a simple idea, developing it into a reality whilst overcoming numerous obstacles to realise their ambitions.  Neil, one of the awards worthy young winners sums it all up pretty well: “You’re in such a good position when you’re young, because you don’t have people relying upon you for income. And having the ability to take a risk is a big element of it as well. And I think that, even if you’re young and trying and failing, that’s also something that puts experience on your C.V.” All the reports are available on our web site, onYouTube and… here below!

Before going any further, did anyone notice the funny intro in the My Destination story? Well, that was part of the video that went on to become one of the competition winners. But it was up against some pretty stiff competition from the other entries we received which totalled over 100! To watch it, click here. And, if you’re curious, here are the videos of our other winners, Orientalmente and CenterCourt.de.

But back to business, how do you actually found a company? What do you have to learn, and where do you learn it? This is a question our programme Learning World is trying to get to the bottom of this week. Enjoy!

We hope the information in these videos was useful. Let us know. And if you’ve decided to set up your own business, or if you’re still having doubts and would like to know more, or you’d like to suggest ways we at Generation Y could become more interactive, write to us by email, on our Facebook, Google+ page, or tweet us at @eurogen_y, we’d love to hear from you!

(Thanks to Lorna Gangel for her precious help)

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