Colorado Springs, Colo. — A new Junior Achievement survey found that more than half of teen respondents (51 percent) would like to own their own business someday. However, in the face of a prolonged economic recovery, many teens fear the risk of starting a business venture. Of those polled, 74 percent identified risk (39 percent) and failure (35 percent) as the biggest discouragements from starting their own business, compared to 56 percent who cited lack of money to fund their ideas. The Junior Achievement 2010 Teens and Entrepreneurship Survey was sponsored by Sam's Club.
Risk and the possibility of failure, which are at the heart of entrepreneurship, are often unavoidable, but teaching young adults to overcome and manage those fears are the building blocks to success. Part of Junior Achievement's focus on entrepreneurship includes being a Global Entrepreneurship Week partner. Junior Achievement local operations around the globe will be hosting events during the Week to raise awareness around the importance of igniting the spark of entrepreneurship in young people to create jobs and spur economic growth.
Even with the high number of teens fearing risk, 84 percent of the kids surveyed recognized that taking the initiative and assuming risks to create value for businesses, whether they own them or not, should be taught in school.
Click HERE to read the report
Junior Achievement of Delaware Valley is on the corner of 5th and Avenue of the States, Chester, PA., which has the awesome BizTown! Have you seen it? Are Chester high school students involved?
Click HERE to visit their site
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