The new generation of young entrepreneurs

Some recent statistics on company start-ups in Ireland so far this year reveal some fascinating facts, and reinforce the entrepreneurial nature of the current generation of Irish students and graduates.

Between 1 January and 26 August 2011, 8,402 companies have been newly incorporated in Ireland. Of these, 1,610 directors are under 21 years of age. The top five sectors for start-ups are:

  • Management consultancy (593)
  • Medical practice (367)
  • Restaurants (334)
  • Software consultancy (296)
  • Computer-related activities (280).

These companies are in each and every sector, each and every town and county – there have been 37 new start-ups in Leitrim! So the message is clear. If you have a vision, a dream, a strategy, lots of dedication, and access to good information and advice then you are not alone. There is a community of like-minded ambitious young people all over Ireland starting up their own businesses and taking control of their own destiny. Don’t be afraid to join them.

There are many sources for information out there to help when starting up on your own. Here are just a few:

  • For more information on entrepreneurship check out your bank’s business start-up web pages, which are good for advice.
  • Dublin City Enterprise Board is a good source of information with plenty of advice on grants and financial supports available.
  • Check out your local area partnerships, and for premises, local Enterprise Centres, which are excellent for networking opportunities and supports you’ll get from being in a like-minded environment. Added to that, the facilities of a working office are already there like photocopiers, fax machines, reception desk, meeting rooms, toilets, canteen – all things you take for granted before you go out on your own.
  • Another useful site is Small Business Can, a community for small businesses and entrepreneurs.
  • DCA Accountants have a blog with information aimed at SMEs.

One Comment on “The new generation of young entrepreneurs”

  1. […] the first 8 months of 2011, 19-20% of new companies in Ireland had directors under 21 years of age (Mitchell, ‘The new generation of young entrepreneurs‘). These entrepreneurs increasingly demonstrate the hunger and ability to lead and shape […]


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