Simmers & Co
Topical Points Answer
Education is not the way to success
A good education is not necessarily the way to become a successful entrepreneur, according to a survey of British business owners. The survey, carried out by the Royal Bank of Scotland, shows that the average UK small business owner left school at age 16 and nearly one in five has no educational qualification. Although only 5% of those interviewed held a professional qualification, most admitted being driven towards business success early in life. Almost 84% claimed they worked to earn money while still at school and most had started earning money by the age of 13.
The survey claimed that the average entrepreneur comes from the Midlands of England and runs a wholesale business with a turnover between £250,000 and £500,000.