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SBA Hosts Youth Entrepreneurs from Junior Achievement for Forum on Entrepreneurship

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SBA Hosts Youth Entrepreneurs from Junior Achievement for Forum on Entrepreneurship

Published: June 27, 2014 Updated: June 27, 2014

Last Wednesday, June 18th, SBA had the pleasure of hosting Junior Achievement USA and the teen competitors of Junior Achievement’s National Business Plan Challenge. Junior Achievement is the world's largest organization dedicated to educating students in grades K-12 about entrepreneurship, work readiness and financial literacy through experiential, hands-on programs. The organization has a reputation for preparing America’s best and brightest youth for entrepreneurship and business ownership and I was thrilled by their visit. We were able to talk to the students about how the SBA can help them be successful as they start and grow their businesses. These students embody all of the characteristics great entrepreneurs have—they are smart, inquisitive, dedicated and goal oriented—which should set them up for success in the future.

During their visit, I had the opportunity to sign a Strategic Alliance Memorandum with Junior Achievement USA to solidify our mutual commitment to preparing our country’s young people for entrepreneurship and financial success. SBA’s Office of Advocacy’s April 2014 Newsletter noted that youth entrepreneurship has dropped around 23% over the last ten years and that only 2% of people under age 25 are self-employed. However, studies also show that a record number of young people are interested in entrepreneurship.

The SBA is constantly looking for ways to encourage young people to consider entrepreneurship and small business ownership. One way to do that is by helping young people see the possibilities available to them through entrepreneurship at an earlier age, and we are proud to count Junior Achievement USA as an ally in that effort.

Any young person who is interested in starting a business should seek support along the way. SBA has several resources to assist. Additional resources for young entrepreneurs can be found at www.sba.gov/young. We’re also excited to be introducing new initiatives for youth in the upcoming weeks so stay tuned!

About the Author:

In her role as the Agency’s Associate Administrator for the Office of Entrepreneurial Development, Tameka Montgomery is responsible for overseeing the agency’s counseling and training resources and programs for America’s entrepreneurs.

Comments:

thank you for sharing :)
This is a great little article. I agree with Lucy that preparation and work ethic can be achieved by young folks too. I also agree with btmedia that is nice to see recognition for youth. Good read thank you for posting.
Many think they are too young to start a business, or that they need a lot of money to get started. These obstacles can be overcover through preparation and a good work ethic.
It's great to see the yough recognized for their achievements. Starting or owning your own business is part of the American Dream. But there are a lot of misconceptions about getting into business for yourself, especially among young people. Many think they are too young to start a business, or that they need a lot of money to get started. These obstacles can be overcover through preparation and a good work ethic.
Truly great post to put forward the interest of young generation, well it is a great initiative by SBA to fulfil dream of many to become a real life entrepreneur.
thank you for sharing :)

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