Today´s teens are excited about the possibility of being their own boss, according to the JA Worldwide (Junior Achievement) 2005 "Interprise"?¢ Poll on Teens and Entrepreneurship."??
Sixty-nine percent of those taking the poll indicated they would like to start their own business, a five percent increase over last year´s results. When asked what kind of business they would be most interested in starting, "Professional services"??-such as an accountant, lawyer, or insurance agent-was the top category selected (27.2%), followed closely by "retail business"?? (25.8%). A total of 1,155 students from 120 JA franchises across the country participated in the poll, the fourth Interprise Poll on this topic.
Firmly embracing the possibility of achieving the "American Dream,"?? 46 percent of teens believe the greatest motivator to start a business is "having a great idea and wanting to see it in action."?? Conversely, students think the most likely reason people don´t start a business is "not enough money to get started"?? (33.5%) and "fear of failure"?? (32.5%). The notion of controlling one´s own destiny may be spurring the dream of entrepreneurship, and that owning your own business can provide protection against economic shifts, as 42 percent of the respondents feel that "unemployment"?? is the biggest threat to the nation´s economy. However, when the issue of job security arises, students narrowly favor company employment (38.1%) to self-employment (36.0%).
Interesting, but not surprising, this JA poll is in direct conflict with a poll taken in December by Job Shadow Coalition and Harris Interactive — Owning Small Business Not American Dream For Teens. Just goes to show you it all depends on your perspective. JA’s focus is on preparing teens for the business world including the exploration of owning a business. On the other hand, the Job Shadowing Coalition doesn’t place the same emphasis in that area.
What do you think? Do your teens want to start a business? Leave me a comment.