Teen Entrepreneurs

A recent article from Entrepreneur.com entitled "Early to Rise" addressed increasingly younger entrepreneurs successfully starting companies in their teens. This trend is attributed to tech savvy teens being empowered by their understanding and use of the internet.

Below are excerpts from the article:

"'This trend of more teen businesses has a lot to do with the internet giving easier access to the resources they need to develop their business ideas," says William Walstad, an economics professor at the University of Nebraska, Lincoln. 'Today's teens are more tech-savvy and, as a consequence, are at an advantage when it comes to finding those startup resources."

"Besides being tech-savvy, teens have other inherent advantages when starting a business. One...is that there is less overall risk."

"Another huge benefit of being a teen running a business is that it's an attractive story for local and national news."

As online resources, Web 2.0 applications, and e-marketing continue to make it easier and cheaper to start a business, it is likely teen-inspired start-ups will continue to pop up, with more and more of them finding success and thus making Generation 'Y' a legitimate player in the entrepreneurial community.

Posted by: W. Garrett Myler