Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Education: A grant is only the start for a student tycoon: We sell earrings from 99p

Gareth Davies,Steph McKeown,Rachel Powell-Ford
Wednesday 14 April 1993 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

WHILE most students just manage to eke out a living, their entrepreneurial colleagues prosper. Some of them run their own businesses as self-styled free marketeers; others do it simply to boost their meagre incomes. Gareth Davies, Steph McKeown, Emma Peacock and Rachel Powell-Ford spoke to four students who have used grants, loans and other borrowings to earn themselves a more comfortable life than the archetypal undergraduate.

SEAN ELLMAN, 20, is in the second year of a BA in combined studies at Manchester University. He and a friend run Salsa, a company that sells jewellery and gifts at two markets.

'I have a market stall at the university market and another at Stockport a couple of days each week. I do a bit of wholesaling as well: we supply three or four shops in Manchester city centre.

'We make some jewellery, we buy some. We also design hats. The earrings we sell go from about 99p to pounds 3 or pounds 4. Everybody from grandparents to little kids buys them.

'We've been doing it since September. A friend came up to me and said, 'Do you fancy going into business?' I was in need of some money, wasn't willing to be exploited in a bar because the money's pathetic, and I thought, 'If I'm going to work, I'm going to work for myself'.

'We each put in a couple of hundred pounds. January turned over around pounds 1,000, but February turned over pounds 2,500, so it's continuing at quite a pace. We're talking about a turnover of pounds 600 to pounds 800 a week.

'It's hard work. I get people to fill in for me a lot of the time as well. I manage not to miss any school. On Tuesdays I go to the market between tutorials, and on Thursdays I don't have any lectures.

'I don't do it out of financial desperation. I get more than a full grant from parental contribution anyway. But if I was living on a normal full grant I wouldn't manage.'

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in