Summary:
75% of teens are interested in starting their own businesses, with most wanting to launch them before turning 30.
Teen entrepreneurs are leveraging their tech skills in areas like website design, online content creation, e-commerce, and social media consulting.
Solving real problems is a driving force for teen entrepreneurs, like the young entrepreneur who created Locker Board to solve his own skateboard storage issue.
Social impact is a key motivator for teen entrepreneurs, with 58% likely to start a business that addresses a social need.
Organizations like Junior Achievement (JA) and the Biz Kids website offer resources and support for young entrepreneurs.
Teen Entrepreneurs Are Shaping The Market
It's not just a passing fad; teens are seriously interested in starting their own businesses. In fact, research from Junior Achievement USA shows that 3 out of 4 teens are interested in entrepreneurship, and they're not waiting until they're 30 to get started. This desire is fueled by a mix of ambition and a desire to make a difference.
Teens are leveraging their tech skills
Many young entrepreneurs use their tech skills to launch businesses or market products on social media. Website design, online content creation, e-commerce, and even social media consulting are popular business avenues for teens. They're also savvy about using marketing management software to expand their reach.
Solving real problems with creative solutions
Just like adult entrepreneurs, teens are driven to solve problems for their customers. One young entrepreneur even started a business selling small skateboards that fit into lockers, a problem he personally experienced! This innovative approach, coupled with social media marketing, has seen his business, Locker Board, grow and even attract investment from billionaire Richard Branson.
Passion for social change
Teens aren't just driven by profit; they're also passionate about making a positive impact on the world. Research shows that 58% of teens are more likely to start a business if it contributes to a social need. This aligns with the values of Gen Z, who are deeply passionate about social causes.
Resources for young entrepreneurs
If you're a young entrepreneur, or want to help others, organizations like Junior Achievement (JA) offer valuable resources, including school programs and mentoring opportunities. The Biz Kids website is also a great resource for learning business fundamentals and marketing ideas.
The future is bright for teen entrepreneurs
With their ambition, tech skills, social conscience, and the support of organizations like JA, teen entrepreneurs are poised to make a significant impact on the business world. They're a generation of innovators with a passion for solving problems, and we're excited to see what they achieve.
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