Young people say earning big money and having independence from an overbearing boss are prime factors in starting their own businesses.
That’s according to the seventh annual “Teens and Entrepreneurship” survey, a nationwide poll.
About 60 percent of those polled say they are interested in starting their own business. About 700 teens between the ages of 13 and 18 participated in the poll.
The strong interest in business is a good sign, because it's through operating a business that kids get powerful lessons about how money works. Just doing a financial statement teaches volumes: it's not how much money we make, it's how much money we get to keep.
Think about it. What if we managed our personal finances with that level of understanding?
Entrepreneurship is a highly effective avenue for teaching about personal finance. Our programs use this method with great success.
Thursday, January 01, 2009
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