Teens Are Open to Pursuing Entrepreneurship

Research from Junior Achievement and Ernst & Young LLP (EY) found that 41% of teens are open to pursuing entrepreneurship over a traditional job, and among current business owners, 13% got their start at age 18 or younger.

Many of the young entrepreneurs below fall into that camp and have continued on their path of success in the years that followed, thanks to great ideas, unwavering determination, and support and guidance from the right mentors.

Archika Dogra, Grace Leger and Caitie Sfingi are among them.

The stories of these young business owners are a reminder that entrepreneurship isn’t about waiting for the perfect moment. It’s about starting where you are, learning as you go, and staying open to feedback, mentors, and change. 

To Grow, Find Good Mentors

Three out of 10 small businesses are owned by women nationally.  About two percent of them have broken the $1 million mark in revenues.  Why is it so hard to break into the million-dollar plus revenue range?  Many think it is because women lack good outside advisors.

But the people problems run far deeper than not having outside experts. About six in 10 of the [Kaufman Foundation] survey respondents said they lacked a strong support structure within their businesses.

Learn more:  Female business owners say they need mentors, marketing help

Note:  A good peer-to-peer advisory group is the Women Presidents' Organization.  (Disclosure:  I manage the Chicago market for WPO.)