My Bottom Line: Jason Iftakhar, Swifty Scooters
8 June 2012 Last updated at 11:31 BST
Jason Iftakhar is co-founder of Salford based company Swifty Scooters.
He says it is a great time for young graduates and designers to start a business, as it is now cheaper than it has ever been, with lots of cheap tools at hand to help manage a start-up.
Entrepreneurs do not need lots of finance either, says Jason - just a good idea for a product and an idea of who the customer is. Testing the market is easy, and social media offers cheap, innovative ways to advertise a product.
Find more business wisdom from other chief executives on the My Bottom Line website.