According to a study by the Global Entrepreneurship Monitor, referenced in a recent article in The New York Times, the United States "was unusual among developed countries in having a higher business start-up rate among its 18- to 24-year-olds than its 35- to 44-year-olds." But how do so many young people get their start here vs. in other countries? What is so special about the United States? The Times looks to a book by young entrepreneur Ben Casnocha to shed some light on the subject, and concludes that "American youths are so successful at entrepreneurship in part because so many older and wealthier people are willing to help them."
Among other societal reasons, the article discusses how the philanthropic spirit of Americans fosters the entrepreneurial spirit, something NFIB is very actively involved with. The NFIB Young Entrepreneur Foundation works to educate young people about the role of small business, and helps students interested in pursuing their dreams as an entrepreneur further their education. The foundation recently announced 422 scholarship winners for the Young Entrepreneur Awards, including four $5,000 winners and one top $10,000 winner.
Learn more about how NFIB is helping tomorrow's small-business owners at the Young Entrepreneur Foundation Web site.
Posted by Megan Goodchild on June 14, 2007 02:10 PM
