More young Danes starting their own business

Traditional part-time jobs are becoming less popular

Rather than delivering newspapers or selling buns, Danish youth prefer running their own companies (photo: iStock) Rather than delivering newspapers or selling buns, Danish youth prefer running their own companies (photo: iStock)
February 10th, 2016 5:10 pm| by Lucie Rychla
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A growing number of young Danes prefer to start their own business over getting a traditional part-time job, reports DR.

In the second half of 2013, authorities registered 10 applications from Danes aged under 18 who wanted a permit to start their own company.

In 2014, permits were granted to 38 teens, and last year the number increased to 43.

Meanwhile, the number of entrepreneurs under the age of 25, who have started their own company, has more than doubled from 2,400 to 5,377 over the past ten years.

Challenging established companies
Christian Vintergaard, the head of Fonden for Entreprenørskab (a foundation for entrepreneurship), commends the development.

“It is important because we need to create new jobs and challenge the established industries,” Vintergaard told DR.

“They [young entrepreneurs] discover new markets that are completely unknown to established companies. They see holes that we could not have imagined.”

Meanwhile, traditional part-time jobs such as delivering newspapers or selling bread are becoming less popular.

In the period from 2009 to 2013, the proportion of 15-year-olds with a job decreased from 49 to 40 percent.