ONE in 10 university students are already running their own business – alongside their studies.
But just 16 per cent of those who have set up their own business were motivated due to a lack of money, with a third influenced by their family and one in five by their friends.It comes after the study also found more than four in 10 university students are rethinking their careers in the wake of the pandemic, as 78 per cent fear Covid-19 will impact their job opportunities once they graduate.
“Starting off in the world of work can be a daunting experience for graduates, but even more so in the current environment, so it’s great to see students are looking at ways to best make it work for them.” More than a third turned to their parents for help and almost one in five went to a careers advisor, with one in 20 going to the bank.
Almost half said they would be concerned that starting a company would mean not having a regular income, while 40 per cent said a business venture was too big a risk and they were afraid of the consequences of it failing. A quarter also claimed they don't worry about the impact it will have on their life, while almost one in 10 are still optimistic about the future.
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