Tenner Tycoon

Only a Fifth of Schools Support Would-be Entrepreneurs

More than half of school children aged 14 to 19 want to be their own boss, but only one fifth are encouraged to do so by their school, research has revealed. Out of 1,000 teenagers polled in the Enterprise UK report Make Money, Make a Difference: Backing Britain’s Future, (PDF) 51% said they would like to run their own business. However, only 20% said that their school encourages entrepreneurship. Coinciding with the publication of the report, Dragons’ Den investor Peter Jones has launched Tenner Tycoon, a competition offering £400,000 in £10 notes to young people and giving them a month to make as much profit as they can. Jones said he was concerned that schools were not nurturing business skills: “If we are serious about a culture of enterprise in this country, then we need to nurt... »