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As undeniable as it is cliché, America is going through some rough times. People are losing their jobs and businesses are losing their workforce. Nobody wins.
Instilling the entrepreneurial mindset in America’s youth is the answer. If young people grew up with the intention of starting a business instead of finding a job, America’s economy would flourish.
Think about it. The traditional education system in America teaches young people to go to school, get an education, find a job, work for 40 years and then retire. If we took 20 freshmen in high school and put them through an entrepreneurship course, it’ going to get them thinking. At the very least, it’s going to let them know that the traditional “job” isn’t their only option.
Let’s say those same 20 students go to school and get their education, but then they start a business. On average each of those 20 businesses will employ 5 people. Those 20 people would have filled 20 jobs without the entrepreneurial mindset. Instead, they will be able to sustain themselves and be able to provide 100 more jobs to the American people. This is a total sum gain of 120 jobs.
On a larger scale, according to the 2004 U.S. Census there were 26 million students enrolled in middle and high school, and that number is only getting bigger. If we take 10% of those 26 million and teach them about entrepreneurship, it could potentially create 2.6 million new businesses. That many new businesses would effectively wipe out the unemployment problem in America.
I understand that these numbers are rough estimates, but the benefits of teaching entrepreneurship to America’s youth are real. It’s absolutely unreasonable to think that unemployment will never be an issue, but I wholeheartedly believe we would see a drastic change.
Even if they don’t start a business, young entrepreneurial thinkers will play a significant role in the businesses they work for. Corporations are struggling just as much, if not more than small businesses. If big businesses are going to survive, they’re going to have to be innovative. And who is more innovative than an entrepreneur?
Big and small businesses alike will benefit from instilling the entrepreneurial mindset in America’s youth. If America’s businesses benefit, then we all benefit. America would cement its reputation as the most innovative country in the world. I believe an entrepreneurial revolution is inevitable in our country and I want JuniorBiz, LLC to be at the forefront.
Photo by: carf
Nick- This is an awesome article! The FAB structure is a very smart way to go ab
Another Great Article!!!
I would imagine teens as a demographic would be the most "viral" of all groups, 
Great post! Will be posting it on our blog to be sure it gets around.. The blog 
Great List of Young Entrepreneurs & Very Inspiring! :)
{ 8 comments… read them below or add one }
I agree entrepreneurship will be what innovates America though all of this.
Companies need to innovate and the best innovators are entrepreneurs.
The idea that an entrepreneurial mindset will improve America’s economy definitely makes sense to me. While companies like GM and Chrysler, who did not change their ideas and continued making gas-guzzling brands like the Hummer are dragging down the U.S. economy, we have businesses like Google and Apple whose entrepreneurial innovation makes them constantly morph and change to an ever-transforming market. This is all very relevant to the America’s current economic climate.
I was a teacher for several years and guess what? Not everyone has the desire to charge up a hill and start a business. But, that’s ok because in society we need both followers and leaders. I think the message here though is that we need to expose students to the option of running a business among other life skills like: managaing your money, parenting, buying a home, retire savings, etc.
We’re teaching kids skills, but were not teaching them how to use them. I’m still waiting for the day Algebra and Calculus will save my life.
Maybe it will happen soon so that I can justify 2 years of my life with Mr. Pollack.
I really agree with you on this one Nick, it will be so good for so many people to do what they want to do. But the ‘teaching’ part is tricky, You cannot teach someone to follow their passion coz there is no one right way. And if you even teach them one or several ways then you guide them away from their unique discovery of path and way to their dreams.
So instead of teaching them, encouragement to do what they want to do is much better. Instead of answering their questions – it is much better guide them to the direction of it.
Because you are taking them away from teaching and putting them in teaching again which is like switching between religions but what the real thing is … and always will be “Find your own way.” All we need to do is tell our dear hearts that you are in right direction and rest is done.
King Sidharth´s last blog ..Why ‘King’ Sidharth – the Secret Behind ‘King’
I agree King, it’s better to encourage people to find their own paths than to try and teach it to them. But most people don’t even consider entrepreneurship because it’s never been taught to them. Before they can discover a passion for entrepreneurship, they have to know that it exists.
Ture Indeed. IMHO, two things will be of great value in showing them this path:
1) Teaching by our own example. I still think world is full of em.
2) Making it a bit (but not much) more comfortable to start.
We are not wanting to feather their nest so much that they don’t get the thrill of ride of flight.
King Sidharth´s last blog ..Why ‘King’ Sidharth – the Secret Behind ‘King’
Lol… Originally I didn’t think that I would agree with #2, but after thinking about it, that makes a lot of sense. It’s like a 1000 piece jigsaw puzzle is a lot more satisfying to solve than a 100 piece puzzle.
Haha! And a true entrepreneur will never be satisfied till he solves the puzzle himself. Rest will not even look.
King Sidharth´s last blog ..Why ‘King’ Sidharth – the Secret Behind ‘King’