A recent study by the Kauffman Foundation (if you don’t know who they are, check them out!) found that being a business owner is a rising choice for college freshmen. In the 1970s and 80s there was a rising trend of college students claiming “business owner or proprietor” as a career choice. That trend dropped in the 1990s, but has once again shown to be on the rise since 2000. Interesting statement by Kauffman folks: “In the current economy, given the increasing availability of entrepreneurship courses on campuses, trends toward outsourcing, and unemployment among youth, we would expect to see rising interest in business ownership, but the assault on business principals has been fairly intensive.”
Statistics on business ownership shows that few business owners founded their business in their twenties. Though we all know of the exceptions (Bill Gates, Mark Zuckerberg). This study and others are hinting that students right out of college hit the “OMG I have bills to pay and a career to start” and therefore business ownership is delayed for a later time in life. What happens in this economy, we can only watch. Will students start businesses seeking big opportunities or out of necessity?
College entrepreneurship programs, particularly at UTSA, are working to bring out the entrepreneurial spirit. Whether as a business owner or as an employee, entrepreneur or intrapreneur, finding one’s “spirit” can result in success.
What is the spirit of entrepreneurship?