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Youth Entrepreneurship
en•tre•pre•neur
One who organizes, manages, and assumes the risks of a business or enterprise. Merriam-Webster Online Dictionary.

youth en•tre•pre•neur
One who organizes, manages, and assumes the risks of a business or enterprise while working two other jobs, volunteering, advocating for social change, going to school...

Youth make excellent entrepreneurs. They are idealistic, energetic and knowledgeable about local and global economies. Many young people believe in the importance of supporting small business operations and decentralizing power from giant corporations. Of course, many young entrepreneurs desire to be financially secure, but creating a long-lasting, reputable and socially responsible company is viewed as more important than being able to retire at 35. Have you got it in you? Take our quiz, read about youth who have become entrepreneurs, or take a ride down our 7-Step road to starting your own business!
Lessons Learned by Young Entrepreneurs
Click on the markers to view the 7 steps on the The Entrepreneurship Course
 Quiz  Ask Evan and Marilyn  Youth Employment Summit
1.When it comes to leisure activities:
You always do what your friends are doing
Sometimes you choose to go without your friends
You spend most of your time alone
You spend most of your time alone and singing polka songs to yourself
2.You are motivated by:
Challenge
Goals
Money
Public recognition
3. You believe your success depends mostly on:
others
the colour of your underwear
your own skill and hard work
luck
4. The type of work you like doing best involves:
A grey elephant with large ears
Doing new and exciting things
Stability, routine
detailed description from a superior
5. When faced with a tough decision, you would:
ignore it and hope the problem goes away
consult an expert
try to work it through by yourself
play football for 100 hours straight
6.When someone criticizes something you have done, you will:
get very upset and drop the entire project
consider throwing a lemon pie in their face
change what was criticized without question
consider how deserved the criticism was and make changes where needed
7. If given the opportunity to make a presentation to your community about something you really believe in, you would:
decline in case you made a fool of yourself
accept the offer but not devote a lot of preparation time to it
prepare your presentation and try it out on your family
accept the offer, and send your grandma instead
8. When cleaning your room, you would:
not have to do much since it is already in meticulous condition
straighten it up as much as possible without losing touch with any of your most precious possessions
growl loudly
throw the covers over the bed and give up
9.If given the chance to earn a substantial reward, which of the following would entrepreneurs be most likely to do:
roll dice with a one in three chance of winning
work on the problem with a one in three chance of solving it in the time given
do neither A or B because the chances of success are so small
buy lots of possessions on a credit card and hope you'll be able to pay it off later
10. Money is important to entrepreneurs because:
it allows them to develop other ideas and to take advantage of opportunities
it provides an objective measure of how successful they have been
it allows them to buy lots of falafel
the main reason they accepted the risk of starting a venture was to achieve personal wealth
Adapted by TakingITGlobal from an original quiz developed by the Centre for Entrepreneurship Education and Development (CEED)
Evan Carmichael and Marilyn Bromberg are both young entrepreneurs with a wealth of experience that they would like to share with you! Ask them entrepreneurship-related questions on TIG's discussion boards, and they will respond. Although Evan and Marilyn intend to be helpful, they are not experts on entrepreneurship. You may also want to seek council or advice from family, teachers, other entrepreneurs and experienced businesspeople.

Evan Carmichael is the co-founder of Max The Intern, a software company that helps its users strengthen relationships with their clients, prospects, and centres of influence. He is also founder of Evan Carmichael & Associates, an organization dedicated to helping entrepreneurs build the companies of their dreams!

Marilyn Bromberg is the Human Resources and Communications Coordinator at TakingITGlobal. Prior to TIG, she ran her own internet magazine, On The Wall, for three years. Marilyn began On The Wall when she found that her peers had trouble obtaining experience in their chosen career fields. Also, her peers did not feel that they had sufficient outlets to write about controversial issues. On The Wall grew to have over thirty volunteers and four part-time paid staff.

Visit the discussion board

The YES campaign was born out of a commitment to see that all young adults, especially youth facing poverty, have productive, decent and sustainable employment.

"Entrepreneurs, whether they are working in the villages or in the capital markets, are the visionaries who generate livelihoods for themselves and for others. We need to encourage, nurture and support their quest for the new and the untried."

Question 1. What do you think is missing in your country (or globally) to enable more young people to become entrepreneurs? Who needs to be involved in addressing this need?

Question 2. What can organizations like the YES Campaign do to increase the number of young entrepreneurs? (For more information on the YES Campaign, please see www.yesweb.org.

Submit your thoughts here, (maximum 300 words):



 Title:


Read all the answers!
 Global Gallery: A Dream Job  Panorama  Understanding
When we are children most of us dream of becoming space explorers, police officers, secret agents or firefighters. As adults not many of us will walk into space or become James Bond. Some of us caught up in the hectic pace of times will not even dream. This is your opportunity to remember the job you dreamt of as a child, the job you dream of today, or is your job a dream? Submit an image that represents your dream job to this month's contest! Go there! Our writers speak their minds in this month's issue. Read first-hand accounts of the business start-up process from members who have done it themselves; uncover thoughtful articles about how entrepreneurship can ameliorate conditions in communities; and discover articles that challenge the way business is taught and practiced. Follow your entrepreneurial curiosity to Panorama. Go there! Entrepreneurship is not just a means to innovation, envisioning the impossible, or discovering new methods of productivity. It is, perhaps more importantly, also a fundamental force for change in the world. Year after year, millions of lives are improved as a result of new innovations in information communication technologies (ICTs), the education system, and the world of commerce and politics, to mention a few fields. Go to "Understanding" to read more.