46% of EU youth aged 15-30 consider setting up their own business

According to a new Eurobarometer report, 46% of young people aged between 15 and 30 in the EU would consider setting up their own business.

However, only few have taken active steps to do so, with a lack of capital or resources, financial risks, insufficient knowledge and entrepreneurship skills touted as the main barriers.14% are taking steps to start a business, with 9% of these being self-employed. 39% of young people were found to prefer being self-employed.

Only one-third of young people were familiar with the concept of social entrepreneurship.

Meanwhile, the report found that a majority of young people, at 75%, deem it ‘very or fairly important’ that a potential employer has defined social goals.

73% deemed it important that there are environmental goals whilst a whopping 78% deem it important for an employer to have participatory decision making skills.

#MaltaDaily