London – PeoplePerHour.com reports rapid rise in the number of young people setting up their own businesses and creating their own job opportunities, following the release of the Labour Market Statistics.
Europe’s biggest online business marketplace – reported a 89 percent rise in young people joining the site in the last three months compared with this time last year. Most admit that the tough jobs market – the toughest in a generation - is forcing them to create their own businesses and set up as freelance consultants.
The most entrepreneurial area is London and the south east, with 56 per cent of new sign-ups coming from this area, with the Midlands and Yorkshire coming in second and third respectively with 11 percent and eight percent of the total new sign ups.
The figures also show that "doing it themselves” is paying off. Figures from the site show that there has been a 101 percent increase in earnings by young people in the last three months signing up to the site compared to this time last year.
"Our figures show that more young people are having to set up their own businesses or become freelance consultants than ever before,” said Xenios Thrasyvoulou, CEO and Founder of PeoplePerHour.com.
"The jobs market today isn’t creating enough new jobs for Britain’s youth and it looks set to get worse with a bleak economic outlook. Yet rather than giving up, many young people are working harder to create their own opportunities.
"Our research shows that more young people are joining PeoplePerHour.Com to set up their own businesses, looking for work and creating work for others. The high unemployment figures may well go down in history as the cause of a generation of young entrepreneurs.
Young woman wins multi-national clients
21-year-old Sarah hasn't let the tough jobs market nor her two young boys get in the way of her career. Realizing the tough jobs market, she set up her own marketing company and is expanding at a rapid rate.
"I have around 16 clients at the moment ranging from small micro businesses to large multinational companies. I am expanding fast and have taken on new national and international clients.”
UK's first mobile phone contract swap service
Spotting a gap in the market, 23-year-old entrepreneur Daniel is set to launch the country's only service that allows people to get out of short-term mobile phone contracts - without incurring hefty termination fees - by transferring them onto other users. Daniel - who uses PeoplePerHour.com to outsource IT / web design work.
22-year-old Adam runs a virtual jukebox business with results that are real.
"Our business is called The Virtual Jukebox, we sell exactly what this is - a virtual jukebox. Essentially it's an internet radio player that receives requests from SMS and mobiles. We sell it to pubs and bars around the UK,” Adam says.
"So given we offer a virtual service, it made sense to keep it a virtual business. We started about six months ago, and it’s funded from personal investment so clearly it was in our interest to keep costs low.
"We've used outsourcing throughout each step of the way to get us to where we are, without the need for any staff overhead. This includes branding and design in the early stages, through to telesales once the product was launched. The whole business was launched and now running so far without having to employ a single member of staff.”
Designing his own future
Despite having design skills, John has struggled to find a job. In such a tough jobs market, he has set up on his own business through PeoplePerHour.com and now had a successful web design and development business.
‘You don’t need a formal education’
22-year-old Daniel Poynton is a self taught digital illustrator, graphic designer and art director. He was concerned about the jobs market and the high price of going to university that he set up his own business as soon as he could. He doesn’t think it is necessary to go to university and has used his entrepreneurial spirit to teach himself advanced graphic design to give himself a head start on his contemporaries and found work at PeoplePerHour.Com.
"You don’t need a formal education for breaking into design, especially with the rise in tuition fees around the corner. When it comes to design/illustration/photography, anything creative really, teaching yourself is the way to go, there is so much information already available to you on the internet, and being self taught helps you develop your own original style.
"Being self-taught is not just great for freelancing either, design and advertising agencies would be much more interested in employing someone with an exceptional portfolio over a someone with a degree, it’s the work you produce that gets you a job, and you don’t need a certificate to prove it.
Animated about working globally
24-year-old Jamie Stockley couldn’t get a job so worked in Manchester as a freelancer art worker after graduating in Animation.
Jamie found a lot of work initially. First for the Chapman Entertainment studios, making props for Rotary the racing car and then Peter Kay’s Children in Need song. He then helped build the set of the new Cbeebies program RaaRaa and worked for Mackinnon and Saunders Puppet making for Tim Burtons Frankenweenie.
"PeoplePerHour.com has helped me fall back on my creative skills I have gained over the years. I have now won worked through the site as an illustrator. PeoplerPerHour.com has helped bridge the gap. As I live in the North, PeoplePerHour.com enables me to be in direct contact with clients in London and all over the world.
Student illustrating the future
Adrian isn't overly optimistic about his employment prospects come the summer when he completes his degree course in illustration from the University of Plymouth.
"The market is very weak and I know I'm going to struggle to find a job," he predicted.
Instead, the 28-year-old student is using the power of the web to win work and kick-start his career. "You have to get out there and get as many contacts as you can," he said. "People aren't going to knock on your door. Even if you don't get the job you're bidding for, you get your name known. Having a good portfolio is the most important thing - if you can't show that you've got any experience of working within the industry it's that much harder to get any work."