If your child has a good business idea, being self-employed or starting a small business can be very rewarding but it can take a lot of hard work and dedication.
Self-employment can offer:
- An opportunity to do something you enjoy and are good at
- A chance to be them own boss
- Flexible working hours
How to get started?
- Is there a gap in the market for their idea?
- How much money will they need to set-up?
- Where will the money come from?
- What equipment will they need?
- Where will they work from eg home or an office?
- Will they need to employ anyone else?
There is plenty of free information, advice and practical support available to help your child set up their own business.
Business advice and start up The East Riding of Yorkshire Council runs Enterprise Clubs, which are designed to bring business ideas to life.
Hull Youth Enterprise Club The club provides young people with a place to meet and exchange skills, make contacts, share experiences, receive support and encourage each other to work through their business ideas.
John Cracknell Youth Enterprise Bank which is for young people aged up to and including 21 years old, and offers grants of up to £1,000 for individuals or groups of young people who need finance to help make their idea happen.
Humber LEP Start-Up Your gateway to finding finance, advice and support for starting or growing a business in the Humber region.
The Princes Trust Enterprise Programme offers support to young people aged 18-30 to explore self employment.
Gov.uk For free access to online tutorials and advice on how to start, including developing your business idea, tax, finance and marketing, visit
Start up Britain is a national campaign set up by 8 entrepreneurs, with the support of the government. It offers links to many sources of information.
Business in You case studies of successful entrepreneurs and help to find a mentor.