SCOTLAND’S economy has lost “a generation” of young tycoons, a situation that will hamper its recovery from recession, a new report has revealed.
Fewer aspiring “thirty- something” business leaders are set to follow the successes of billionaire Sir Tom Hunter, the country’s second-richest man, lingerie tycoon Michelle Mone, and Duncan Bannatyne, one of the stars of TV’s Dragons’ Den.
The latest Global Entrepreneurship Monitor of more than 80 countries also says that fewer people are likely to set up in business in Scotland between the ages of 18 and 23 than anywhere else in the UK.
The author of the report in Scotland said he could not understand why rates of entrepreneurial activity north of the Border are weaker for the age group, or why they stop growing beyond the age of 29. The figure plateaus from then until people are 50, when it falls.
To read the full, original article click on this link: The last tycoons? - Herald Scotland | News | Home News
Author: mark smith and martin williams
