Educate for youth entrepreneurship

By Juan Pablo Casimiro

What does it mean to educate youth entrepreneurship? There is much buzz about entrepreneurship education, but it’s still a foreign term to many. Youth entrepreneurship education teaches young people the basics of starting and running their businesses.This can include learning how to write a business plan to market and financial management. Today’s youth are tomorrow’s leaders on whom the economic development of our communities depends. When teaching them the skills to be successful entrepreneurs, it’s important to ensure the country’s economy continues to thrive.

There are some revealing facts to understand the crisis in which we live.

The population of youth in the 15-24 age group increased by 30% between 1999 and

2019, but their labor force participation rate globally decreased by almost 12%. Jobs for young people are at risk due to automation, and around a quarter of 18-24-year-olds lost their position during the pandemic or saw their pay cut.

As the crisis continues globally, young people are turning to self-employment. So by giving them the tools to start their own business, we’re helping create jobs and grow local economies.

There are several reasons why young people need to learn about entrepreneurship.

First, starting a business can help students develop an entrepreneurial mindset, which is essential for success. This means they will be more open to opportunities and willing to take risks.

Second, business education develops skills and knowledge and can help to understand the importance of hard work and dedication, crucial elements for any successful business. It can also be an excellent opportunity for companies. By partnering with schools to offer entrepreneurship courses, companies can tap into a wealth of young talent and shape entrepreneurship education’s future.

So why should companies get involved in youth education? Here are three reasons:

-Nurture the next generation of entrepreneurs

-Gain access to a pool of young talent with fresh ideas

Help shape the future of business education.