This Chart Points Out a Rise in Entrepreneurship Programs
Jonathon Brown — January 6, 2013 — Social Good
References: intuit & payments.intuit
Entrepreneurship programs are popping up in more and more post secondary institutions as this generation becomes more prone to starting their own business than any before it.
This infographic from Neil Spencer at Intuit.com paints a clear picture of the occurrence. According to the infographic, there are 165 million early stage entrepreneurs aged 18-25 in the United States. Nearly 90% of young people value entrepreneurship education and think it is important to their future.
Whereas previous generations were interested in acquiring skills that would land them a job, this generation is interested in gaining the skills and vision to create their own opportunities.
The infographic points to a lack of resources as the leading reason for young people not starting their own business.
This infographic from Neil Spencer at Intuit.com paints a clear picture of the occurrence. According to the infographic, there are 165 million early stage entrepreneurs aged 18-25 in the United States. Nearly 90% of young people value entrepreneurship education and think it is important to their future.
Whereas previous generations were interested in acquiring skills that would land them a job, this generation is interested in gaining the skills and vision to create their own opportunities.
The infographic points to a lack of resources as the leading reason for young people not starting their own business.
Trend Themes
1. Rise-of-entrepreneurship-programs - The increasing trend of entrepreneurship programs among post-secondary institutions presents an opportunity for edtech and HR tech industries to develop products or platform to meet the demand.
2. Growing-interest-in-self-employment - The rising number of self-employed young people suggests a market opportunity for fintech and insurtech industries to provide digital solutions tailored to the specific needs of self-employment, such as tax filing and insurance coverage.
3. Entrepreneurship-education-demand - The high demand for entrepreneurship education among young people creates an opportunity for edtech companies to provide courses or training programs that focus on entrepreneurial skills and mindset.
Industry Implications
1. Edtech - Edtech industry should develop online courses or training programs that focus on entrepreneurial skills and mindset to meet the growing demand for entrepreneurship education.
2. HR Tech - HR tech industry could aid in connecting young entrepreneurs with business mentors and access to funding opportunities through online platforms or networks.
3. Fintech and Insurtech - Fintech and insurtech companies could provide digital solutions tailored to the specific needs of self-employment, such as tax filing and insurance coverage, as the number of self-employed young people is on the rise.
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