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University is confidence-booster for entrepreneurs

19/12/2007  10:22:28

 


 

University gives would-be entrepreneurs a certain amount of confidence and life experience which is necessary for establishing a new business start-up, according to the Association of Graduate Careers Services (AGCS).

There is also now a good level of support available to potential graduate entrepreneurs at most universities, AGCS advised.

Many universities have credit modules that give access to career planning, which usually includes sections on enterprise, which are often separately funded clubs.

At most universities there is also someone available to help budding company directors stimulate business ideas.

Recent research by Barclays indicates that 46 per cent of small business company directors have a degree and only 11 per cent believe that having a good education is crucial to being a success in business.

Barclays findings also reveal that there are around 4.3 million SMEs in the UK - most of which are graduates of the University of Life.

Graham Nicholson, president of AGCAS, said: "For the majority of people, having three or four years of maturing time at a university does help with that confidence process.

"Going to university is a major contributor to helping turn under-confident 18-year-olds into exuberant 21-year-olds and university is undoubtedly about the added value of education in its broadest sense."

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