the simple or continuous

English as a Second Language English Vocabulary, Grammar and Idioms
1

  1. Big business needs the kind of young people who are now preferring to set up business of their own.

  2. Big business needs the kind of young people who now prefer to set up business of their own.

Are both acceptable? If so, which one do you prefer? Thanks

2

The second one, but it should be “set up businesses of their own”.