Some believe that an economic downturn creates the necessity and the niche for entrepreneurs. Though ideas lay the groundwork for entrepreneurial enterprises, an element of courage is needed to accept the inherent risks and accountability that come with owning and leading a business venture. Some educators believe the skills to manage property, labor and capital must be developed from an early age.
Biz in a Boxx, an educational tool that teaches business skills, is now seeking to begin educating children for potential careers as entrepreneurs. A step-by-step learning system, the method seeks to instill assets like accountability, creativity and responsibility into kids between 7 and 18 years old.
The educational tool's creators note that members of generation Y are more technologically adept than any previous age group, but lack the business knowledge necessary to make their talents marketable.
In addition, online degrees and courses are available to people of all ages to promote the skill necessary to thrive in the business world.
According to Biz in a Boxx developer Melissa Rose, "Young entrepreneurs have amazing clarity, insight and confidence. The key to their success is that [they] are willing to take chances."
According to the Bureau of Labor Statistics, 7% to 8% of the households in the U.S. are headed by entrepreneurs, who collectively own almost one-third of all wealth in the country.