Young people are more entrepreneurial than adults

Red Smith By Red Smith, 8th Aug 2015 | Follow this author | RSS Feed | Short URL
Posted in Wikinut>Business>Analysis

Young people are more entrepreneurial than adults,
Do you agree?

you think you're an entrepreneur?
tell me what you think about it...

you think you're an entrepreneur?

It has definitely proven that young people have an entrepreneurial, sharper than the adult mind. A new report by the Global Entrepreneurship Monitor (GEM) shows an entrepreneurial initiative much more pronounced in the age group 18 to 34 years than in older ages. The study, which analyzes five regions: sub-Saharan Africa, the Middle East and North Africa (MENA), Southeast Asia, Latin America and the Caribbean, and Western countries concludes that young people are 1.6 times more open to the idea of launching a new business than adults.

The report analyzed through these five geographic areas, data collected between 2012 and 2014 and has shown what motivates young entrepreneurs, as well as elements that may impact their achievements and failures.

The General Director of GEM, Mike Herrington explains why this report has decided to focus on young people, "the lack of employment opportunities, especially among young people, is a major problem in the world. The economic crisis and the difficult global economic climate has exacerbated this phenomenon. Today encouraging young people to be launched to develop entrepreneurship is seen as a strategic challenge needed to help them enter the labor market and exploit their potential to contribute to sustainable economic development. "

Research shows that in all geographic areas of the world, young people today are more likely to have access to education than their parents. In addition, specialized training in business management have doubled in a generation.

However, the report concludes that still have to implement many measures to create a favorable environment for young entrepreneurs, especially in regard to access to funding and infrastructures.

The data show that, with the exception of Western countries and some of the MENA region, the potential of the Internet as a marketing space is underused, for example, in the area of sub-Saharan Africa where only 16% of young people selling products or online services.

the question is, are we underused internet as a strategy for entrepreneurship?
Are we entrepreneurs?
you think you're an entrepreneur?
tell me what you think about it

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author avatar Md Rezaul Karim
9th Aug 2015 (#)

New young graduates are curious on everything and like to take challenges around, that's why they are cool.

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author avatar Red Smith
10th Aug 2015 (#)

maybe you are right Md Rezaul Karim. Thanks for your comment...
see you around

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author avatar GV Rama Rao
10th Aug 2015 (#)

It's difficult to give a definite answer to this. One thing I am certain about. I've no interest in conducting any type of business. I'm 76.

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author avatar Red Smith
10th Aug 2015 (#)

thanks a lot for your comment GV Rama Rao...
see you around...!

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