New generation of entrepreneurs – CNN.com
Life has its share of both stormy and sunny moments. There are clouds (your car broke down) and then there are silver linings (but at least it’s a nice day for a walk).
While most of us would classify the recession as the mother of all clouds it, too, has a silver lining. The current recession has sparked a big upswing in entrepreneurial pursuits, and small businesses are cropping up around the country.
According to a recent study by the Kauffman Foundation, “Rather than making history for its deep recession and record unemployment, 2009 might instead be remembered as the year business startups reached their highest level in 14 years — even exceeding the number of startups during the peak 1999-2000 technology boom.”
Although the highest spike in startup rates was among people ages 35-44, the entrepreneurial bug hasn’t only bitten those established in their careers. Many young people are also turning toward owning their own businesses as an alternative to finding a full-time, entry-level job.
“Young people are keenly aware of the recent economic downturn, and have seen parents, relatives or friends lose their jobs,” says Alice Horn, executive director of the South Florida chapter of Network for Teaching Entrepreneurs.
“They understand they cannot count on the same job — or even the same career — for an extended period in the future. For growing numbers, this means ‘making their own job’ as entrepreneurs.”
See how three young people are doing just that:
Click on this article to see 3 examples of young entrepreneurs. In my courses I teach about entrepreneurship, we talk about how the recession has made it difficult to find funds for new start-up companies. I personally see a lot of entrepreneurial job possibilities in social media for young adults. What I find interesting is how flexible millennials and younger generations are in terms of their career interests. Gone are the days of thinking you must stay with one company for your entire career . . . much less one industry. I write about that i my book How to Reinvent Your Career.