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Why young entrepreneurs don’t have to start with BIG loans

February 3, 2012

In a recent study published by the Kauffman Foundation, young people listed two main challenges in becoming entrepreneurs: access to entrepreneurial training and access to capital.

There are many resources for young entrepreneurs to gain knowledge about starting their own business. The idea of funding your enterprise through sales is “The Lemonade Stand”approach. This idea can also be applied to funding entrepreneurial learning. Here are seven ways to get affordable entrepreneurial enlightenment without risking it all.

1. Work for another entrepreneur to learn the ropes.

2. Read as many books and publications about entrepreneurship, start-ups and business as possible.

3. Volunteer for a company that needs extra assistance. See if there is a problem you can solve in a unique way, and take action.  (more…)

Youth Entrepreneurship: The Equation for Success

January 18, 2012
By Amy P. Kelly

People always ask, “What is youth entrepreneurship? Is it just some kid that starts a business?” During 2012, this column will explore various topics in relation to youth entrepreneurship. It will be analyzed through an equation that applies to all the successful youth entrepreneurs in recent history.

“Youth” is a concept defined by the observer. If someone thinks you are young, then you are youthful to them. This means you could be 9 or 29 – but either way, motivated to start your own business. Therefore, a “youth entrepreneur” is someone that is considered a youth and is an entrepreneur.

(O + R)∞ + Pr – F + Ac = Ye

The key to being a successful youth entrepreneur is the equation above, and young entrepreneurs have never been more important to the world. So let’s break it down, and start actualizing this equation today.  (more…)