They’d rather strike out on their own. In fact, nearly 71 percent of the 1,474 youth who participated in a 2006 Junior Achievement survey said they wanted to be self-employed sometime in their lives—up by 6.9 percentage points since 2004. Credit the opportunities that come from growing up in a technological society, experts said. That’s not to say there haven’t been downtrends throughout the years.
Reasons for the trend: About 3.9 percent of adults ages 20-34 started a business in 2005 and 2006, according to the Missouri-based Ewing Marion Kauffman Foundation’s 2006 Index of Entrepreneurial Activity, up slightly from the 3.7 percent who took the plunge in 2000-2001—but down from 4.3 percent in 1996-1997.
Not many other national studies track the age of entrepreneurs, but experts agree that an increasing number of startups have young people at the helm.
AEVIA Reveals the Source
Friday, August 3, 2007
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