The Kauffman Foundation conducted an online survey of 2,438 youth ages 8 to 21 about entrepreneurship. It shows that four in 10 young people would like to start their own business in the future, while another 37 percent believe starting their own business is a possibility.
Those who want to have their own business say their top reasons are
- to use their skills and abilities (92 percent),
- build something for their future (89 percent),
- be their own boss (87 percent),
- see their ideas realized (81 percent)
- and earn lots of money (85 percent).
In the United States, 63 percent of respondents in the Harris survey already believe that, if they work hard, they can be entrepreneurs. Twenty-five percent of the youth believe that entrepreneurship is a more desirable career opportunity than other options.
I like their reasons. Starting a micro business and being an entrepreneur is about so much more than just making money-although that’s a nice perk!
But why do only 63% believe they can be entrepreneurs? That’s only a little over half! Is it because of fear, lack of encouragement or lack of understanding what an entrepreneur really does?
And only 25% believe entrepreneurship is a more desireable career choice that others. That’s pretty sad. Maybe these students see only the negative side of too many failed businesses and not the potential of entrepreneurship as a viable career choice.