New figures from the monthly Labour Market Statistics have shown that there are 2.5 million people currently unemployed in the UK. People aged between 18-24 and women are the hardest hit.
Sounds depressing, right? Wrong. Because this means all those out of work have the perfect opportunity to start their dream businesses.
In this recession it's these small start-ups that are bucking the downward trend and making money. The Labour Market Statistics' numbers back this up: the unemployment rate is rising heavily in the public sector but actually decreasing in the private sector.
And to prove just how easy it is for young adults to set out alone in the business world, we've compiled a guide to the easiest student businesses to start for under £10.
It really is as simple as having that killer idea and then putting it into practise with a business plan. You could even use Smarta's very own Business Builder to get your new venture off the ground.
So don't let the doom preachers bring you down. Instead, start putting the wheels in place to live out your dream of running your very own business. Who knows, maybe next year you'll be supping a victory cocktail at the Smarta 100 awards.