I am extremely excited and encouraged as I hear more stories of successful businesses started by teens becoming more frequent. In fact a recent article in Harvard Business Review, Meet the Teenagers Who Found Their Own Startups, highlighted research of the characteristics of teens who had started their own successful companies.
If we want these instances to be become more frequent, we definitely need to understand what it takes for this current group of exceptional teens to excel. The article stated that...
"According to the influential GEM (Global Entrepreneurship Monitor), although the average age of an entrepreneur is between 25 to 45 years old, people are starting businesses at younger and younger ages... Despite the difficulties they face, what struck us about these teenpreneurs was that they are smart, have a sense of humor and an appetite for risk, and most importantly, have developed capabilities to meet the challenges."
This is why at Kinsman Community we're excited about working with at- risk teens to help them build successful businesses. Entrepreneurship training is an incredible vehicle to help them build their future, break generational cycles of poverty, and transform their communities. Sometimes all a teen needs is exposure to the right opportunity and you will see them flourish.
The more we understand what is required for teenagers to build a successful business, the more we can integrate these principles across the board no matter what kind of community a teenager may come from.
Click here to learn more abou how we help at-risk teens start profitable businesses.
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