Evaporating Job Market Inspires Teens to become Entrepreneurs
USA Today reports that due to shrinking job opportunities, a growing number of teens are starting their own business. The young entrepreneurs interviewed for the article say that they are learning far more about business (and often making more money) by going out on their own than they would have by taking on a traditional job.
Bo Fishback, vice president of entrepreneurship at the Ewing Marion Kauffman Foundation, explains the value of getting an early start in business:
Of course, selling can be tough work, Fishback says. But it teaches lessons. “If you get rejected 50 times as a 13-year-old, you get over it a lot faster than at 40. Trying and failing is one of the greatest learning lessons. … It breeds perseverance.” That “experiential learning” — from successes and failures — will be valuable throughout life, he says.