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Running a Micro, Blog, Featured · May 13, 2010

Teen Entrepreneur Survey

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Youth Interested in Entrepreneur Survey

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.

Fact sheet on Youth Entrepreneur Survey

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.

Related posts:

  1. Teen T-Shirt Entrepreneur Wins $10,000
  2. 10 Micro Tips for Micro Businesses
  3. Teens Start Their Own Businesses
  4. 10 Micro Tips for Micro Businesses: Use What You Own
  5. Get a Small Business for Christmas

Filed Under: Running a Micro, Blog, Featured Tagged With: entrepreneur, teenager

Carol Topp, CPA

Reader Interactions

Comments

  1. stephanie says

    May 14, 2010 at 3:55 pm

    i think this is because they think that working for a company or somebody else is a much safer choice. we should educate the youth more about entrepreneurship

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From a parent

Thank you for your e-book on teen micro businesses. Your valuable experience and wealth of knowledge is vast.

Your presentations at Cincinnati homeschool conferences and sharing with us over the years have benefited us well.

I can hardly believe we are at this point in our life-and here he is a young man ready to try his fortune with the world.

-Mandy S

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