The Salt Lake Tribune just came out with an article on the growing trend of young people becoming entrepreneurs. With the down turn of the job economy in the past couple of years, graduating students have been searching for jobs in vain. Some are getting creative, however, and becoming successful on their own! Hell yeah!
It is difficult to estimate exactly how many young business owners there actually are because the Federal Small Business Administration does not keep statistics by age, but there are many signs of growth.
The Virginia-based Young Entrepreneurs' Organization, a group founded in 1987 that requires $1 million in annual sales before it will admit a business owner, now counts 95 U.S. members younger than 30 in its ranks. And a first-time survey done this year by the National Association for the Self-Employed found that about 15 percent of its members are in their 20s or early 30s. Also, small business consultants are finding that more and more young people are seeking advice.
This news can be great, or detrimental, for us all! Some people really like the idea of flexibility and being our own bosses, and some of us would rather not deal with the stresses of being in charge. I thought this article was very interesting, because this will be an issue that we will all be facing this year or next!