This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Old Investors, Young Entrepreneurs

NEW YORK ( MainStreet) -- Maybe it's because tech icons Bill Gates, Steve Jobs and Mark Zuckerberg started young.

Or maybe it's because youth unemployment is at a staggering level -- twice that of the national average in some areas. But there is a renewed focus on nurturing young entrepreneurs these days, and some see the group as a good place to place bets on the future of business.

Can you identify the entrepreneur? It's Tori Molnar, 14, in the center, and the girls around her are some of her sales reps.

According to a Gallup poll published in October, 45% of students in grades 5-12 plan to start their own business, with 42% of respondents saying they plan to "invent something that changes the world."

Just last week the White House and Small Business Administration launched a Young Entrepreneur Series to connect aspiring entrepreneurs with resources in their communities to help them start or grow their own small business.

"Young Americans need to know that starting a business is a viable alternative to going to work for somebody else. There is a clear and urgent need to create more jobs for young Americans, and encouraging business ownership is an important way to meet that goal," according to a statement by SBA Deputy Administrator Marie Johns.

The SBA plans to hold five YES forums across the U.S. to reach its audience. The first one was held Monday in San Diego. A second was scheduled for today in Ames, Iowa.

"We're the most technologically savvy generation and the most educated generation in history," says Scott Gerber, founder of the Young Entrepreneur Council, an organization made up of the nation's top young entrepreneurs. "We've also grown up in an age and time of watching our parents get laid off and watching the new economy be unkind to our generation, so that entrepreneurism is now being seen by many as a viable career path. More young people are getting involved earlier."

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs