News: Young entrepreneurs ‘let down’ by education

education for entrepreneursA new survey by Ernst & Young has revealed 59% of young entrepreneurs feel ‘let down’ by their formal education, and many feel they lack the key skills required to start a business.

When asked about specific skills, 38% said they lack skills in finance and raising funding, 23% lack expertise in legal and tax assistance, 23% have little knowledge of pitching and sales, and 15% have inadequate skills in managing suppliers.

Martin Cook, UK and Ireland commercial managing partner at Ernst & Young, said “Though there are some good schemes in schools and universities, more must be done to provide practical business skills to ensure young people are equipped with the ability to translate academic experience and success into entrepreneurial action.”

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Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

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