For Immediate Release
Junior Achievement of Greater South Carolina
November 12, 2018
Junior Achievement is Inspiring Students to be Entrepreneurs during Entrepreneurship Month
Entrepreneurship Panel to speak at Eau Claire High School Tuesday, November 13
Columbia, South Carolina – On Tuesday, November 13, 2018, Junior Achievement of Greater South Carolina (JA) has partnered with four local high schools in Richland and Lexington Counties to bring JA Launch Lesson to students in the Midlands. The JA Launch Lesson is an hour-long educational experience built around the theme of entrepreneurship that creates a point-of-entry for students, volunteers, and educators. It is delivered locally by entrepreneurs in classrooms, after-school facilities, and other student venues around the United States during National Entrepreneurship Month in November. With the support of EY, JA Launch Lesson reached nearly 80,000 high school students last year. For more information, go to www.JA.org/Launch.
At Eau Claire High School in Richland School District One, JA is having an entrepreneurship panel with five local entrepreneurs. Around sixty Eau Claire CATE students will have a chance to engage with four entrepreneurs as they explain how they started their own businesses and ask them questions about being successful business owners. Entrepreneurs include: Ms. Jada Willis, Founder and CEO of Willis HR, Ms. Rachael Hartley, Founder of Rachael Hartley Nutrition, Mr. Nimai Garrett, President and CEO of Golden Moon Marketing & Management and Executive Director of Joseph H. Neal Health Collaborative, and Dr. LeAnn Norris, Co-Owner of Glowout Salon.
New research from JA and Ernst & Young LLP (EY) shows that 41 percent of teens would consider entrepreneurship as a career option, versus working in a traditional job. At the same time, 61 percent of teen girls have thought about starting a business, compared to 54 percent of boys. Additionally, 6 percent of teen boys have already started a business, while 4 percent of girls have done the same. The survey of 1,000 teens, conducted by Wakefield Research between October 15 and 22, 2018, has a margin of +/- 3.1%. The teen survey, and a companion one of adult entrepreneurs supports JA Launch Lesson, an initiative to bring entrepreneurs into high school classrooms across the United States during National Entrepreneurship Month in November, 2018.
A similar survey of 500 adult entrepreneurs found that 13 percent started their first business at the age of 18 or younger, though the average age entrepreneurs tend to start their first business is 28. “Fear of Failure” is a prime concern of 67 percent of teens, who say it might stop them from starting a business. Interestingly enough, it was also a top concern of 65 percent of the entrepreneurs surveyed, 92 percent of whom say their businesses have turned a profit. To help guide them through their startup journeys, 36 percent of entrepreneurs have sought advice from current or former colleagues, while 32 percent have had an entrepreneurial mentor.
“This research is encouraging in that it shows many teens have a great interest in starting their own business someday, but that the risks associated with entrepreneurship are a major concern for them,” said Casey Pash, President and CEO, of Junior Achievement of Greater South Carolina. “Young people need more information and role models to help them better understand what’s involved in starting a business and give them the confidence they need to pursue their dreams. That’s one of the reasons we at JA feel so fortunate to be partnering with EY on JA Launch Lesson.”
Additional findings from the surveys include:
· 69% of teens say they have a business idea, but are unsure of how to start the process.
· 78% of entrepreneurs say work experience is more helpful than a college degree when it comes to starting a business (only 53% of teens agree).
· 75% of entrepreneurs say “Motivation” is an essential characteristic to have, among traits that were found most helpful when it comes to being a successful entrepreneur.
When asked, the entrepreneurs also had some advice for prospective young business people which followed their message of being motivated and passionate. They wrote, “Don’t let anything get in your way,” “Do something you love,” “Be true to yourself,” and “Be afraid of nothing.”
The JA/EY Survey - Teens were conducted by Wakefield Research (www.wakefieldresearch.com) among 1,000 nationally representative U.S. teens, ages 13-17, between October 15th and October 22nd, using an email invitation and an online survey. Quotas have been set to ensure reliable and accurate representation of the U.S. teen population ages 13-17. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
The JA/EY Survey - Entrepreneurs was conducted by Wakefield Research (www.wakefieldresearch.com) among 500 U.S. entrepreneurs, between October 15th and October 22nd, using an email invitation and an online survey. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 4.4 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
About Junior Achievement of Greater South Carolina® (JAGSC)Junior Achievement is the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provides relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness and entrepreneurship. Today, JAGSC reaches more than 11,000students per year in 34 counties in South Carolina. For over the last 50 years JAGSC has impacted over 750,000 youth. JAGSC is a member of JAUSA. Visit www.ja.org for more information or contact Casey Pash at firstname.lastname@example.org or 803.252.1974.
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