Friday, 30 September 2011
Now you may say, 'They do need some money,' and that's true. But it's often not the case that you need huge capital investment to start a business. Need a computer? - the price of 10 cigarettes a day will cover it. Need a website? - easily covered by the cost of a basic Sky subscription. Both expenditure that many people looking for jobs these days would consider part of everyday life.
To be honest, I also get more than a little narked by the way governments of all colours disregard people who just get on with it and earn a living self-employed or running their own company, without necessarily employing other people. You'd think the only good company is one that employs others. Yet there are millions of us beavering away, making money for the country, gaining exports, paying taxes, all without ever employing anyone else, or wanting to. Joining this forgotten army, starting your own business, doesn't have to depend on a huge injection of capital - this is a myth that seems to depend as much on Dragon's Den as it does good economics. There are plenty of ways to take a little ingenuity and very little cash and earn a living.
Let me stress, I'm not saying everyone who is unemployed should start their own business. It's not for everyone, and I accept that. But we would do a lot better making it more attractive in tax terms to work for yourself, even if you don't employ others, that worrying so much about startup capital.