Your Business With James Caan 2017 - 16
The latest stories from the business world
Nearly half of Britain's children (49%)
run a side business to earn extra cash,
a survey has revealed.
Children from the age of seven
receive an average of £570 a year from
pocket money and gifts, but nearly half
go on to earn more, according to
accounting software company Xero.
From selling toys on auction sites to
cleaning friend's and neighbour's cars,
kids seem to be super savvy when it
comes to raising money.
TAKE THE LEAD IN TOURISM
BABY BOOMERS ON
A WINNING STREAK
A travel company is paving the way for female entrepreneurs
The generation of 25- to 34-year-olds spend
in the developing world by taking them on to run small, local
on average £40 less a week than they did in
2000-01, while 55- to 64-year-olds spend
Samrawit Moges Beyene, the founder and managing director
The baby boomer generation have been on
operator in Ethiopia to employ permanent female guides. "If a
the winning side both when they were young
woman is empowered economically, it's not only for her - it
and now they are getting older, having
goes for her children, her siblings," she says. "She will want the
benefited from low house prices and high
children to go to school for higher education, rather than
living standards over their lifetimes. Young
getting married. So it is changing the society."
people, however, are being squeezed in two
Justin Francis, CEO of Responsible Travel, says, "Tourism
ways: their incomes aren't rising nearly as
countries. With such a broad geographical reach and a huge
range of skills required, tourism has the opportunity to pull
Britain's services sector
housing. The older generation now have much
women out of poverty, equip them with skills and provide
expanded at a "modest"
more spending power than the young.
dignified, sustainable employment."
pace last month, as
has the potential to be a superpower for women in developing
mounting concerns about
the impact of Brexit
dampened orders and
hit business confidence,
according to the Guardian.
Service sector companies
reported strong consumer
spending had underpinned
expansion while orders from
other businesses had fallen
back to leave overall new
sales growth at the slowest
pace since August 2016.
rapidly as they have done in the past and
more of that income is being spent on
WORDS: GEORGINA MARIC | PHOTOGRAPHY: SHUTTERSTOCK
of Travel Ethiopia, part of Responsible Travel, is the first tour