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