Youth Entrepreneurship

Abstract

Entrepreneurship is critical to job creation and economic growth in the United States and abroad; however, interest in pursuing entrepreneurial careers is on the decline among young people today. As a means of designing programs that effectively encourage and prepare young people to pursue entrepreneurial careers, this essay calls for increased focus on how entrepreneurs develop. An understanding of the experiences, opportunities, and interests that lead to successful entrepreneurship is needed. To that end, this essay, in addition to addressing leading process‐oriented definitions of entrepreneurship and briefly reviewing relevant empirical studies, outlines three promising areas of research on youth entrepreneurship. First, researchers have becoming increasingly interested in entrepreneurial purposes. Recent research finds that at least some young people seek out entrepreneurial careers as a means of applying their skills and talents to create organizations or businesses that solve personally meaningful problems in the broader world. This leads to the second emerging area of interest in youth entrepreneurship: the distinction between social and business entrepreneurship. The growth of new businesses and organizations that are at once highly profitable and at the same time exist to address social problems has blurred this distinction. Third, researchers are increasingly interested in identifying ways of effectively fostering entrepreneurial interests. This essay highlights key issues regarding the role that educational experiences and institutional support play in supporting the development of successful entrepreneurs.

Assessment of Eight Entrepreneurial Personality Dimensions: Validity Evidence of the BEPE Battery

“…To attempt to overcome these limitations, the BEPE battery was developed. Initially, the development was made for young people as this is a key period in the emergence of entrepreneurial initiatives ( Damon et al, 2015 ; Obschanka et al, 2017 ). This evaluates eight dimensions of entrepreneurial personality that were identified following an exhaustive literature review.…”

Mini-companies as “greenhouses” of economic competence: a longitudinal study of “Young Enterprise Switzerland”

“…To begin with, since entrepreneurship is essentially project oriented, it makes sense that entrepreneurship education should be project-based too (Damon, Bronk & Porter, 2015;Geldhof et al, 2014). In addition, in both schoolrelated projects and in "real life" market economy activities, opportunities have to be identified, evaluated and explored, and this despite the differences between the levels of risk-based decision-making in school projects compared to entrepreneurial projects in "real life".…”