In Today's Economy, More Teens Believe Owning Your Own Business Provides Greater Job Security Than Working for Someone Else Junior Achievement Teen Poll Also Finds White Students Less Likely to Want to

Start a Business Than African-American, Hispanic, or Asian-American Students



    COLORADO SPRINGS, Colo., Sept. 18 /PRNewswire/ -- More teens (41 percent)
 believe "owning your own business" provides greater job security than "working
 for a company" (32 percent), according to results from the 2003 JA Interprise
 Poll on Teens and Entrepreneurship.  The rest (27 percent) said they were "not
 sure," according to the survey recently administered by Junior Achievement to
 1,101 teens between the ages of 13 and 18.
     Nearly three quarters of teens (75 percent) indicated that they would like
 to start their own business someday.
     Teen enthusiasm for starting a business included an appreciation of
 marketplace rigors, too.  Students seem aware of the challenges involved in
 starting a business.  Only 11 percent of teens said such an effort would be
 "very easy" or "easy," while almost half (49 percent) believed starting a
 business would be "somewhat challenging."
     What type of businesses do teens say they want to start?  The most popular
 business choices fell into a "professional service" category (30 percent),
 followed by retail (27 percent).  Surprisingly, restaurant or food-related
 businesses, the most common source of employment for teens, accounted for only
 about 13 percent of the responses.
     "This poll shows that today's teens have a great deal of confidence in the
 power of striking out on their own," said Jack Faris, president of the
 National Federation of Independent Business (NFIB).  "We should all do our
 part to keep this going by encouraging the next generation of business owners,
 which is the focus of the NFIB Education Foundation."
     Additionally, the poll indicates a greater percentage of Asian/Pacific
 Islanders (89 percent) and African-American teens (86 percent) expressed a
 desire to start their own business one day than did Hispanic/Latino
 (79 percent) or white (69 percent) teens.  Overall, more boys (80 percent)
 expressed a desire to start a business than girls (71 percent).
     Some teens, however, aren't waiting to start their own businesses.
     "My business is growing every day, and is still true to one of its
 original goals: to show that kids can make a difference in the business
 world," said Rohan Singh, 15, founder of Fuzzelfish.com and Junior
 Achievement's first-ever National Student Entrepreneur of the Year. "In a free
 market system, children ... can make a positive difference, like adults.  I
 hope to one day go public on NASDAQ."
     Singh was selected out of a field of Junior Achievement students from
 across the country by the Young Entrepreneur Organization.  A high school
 student from Woodinville, Washington, Singh used $60 to establish
 FuzzelFish.com in 2002 -- a business that sells software products to assist
 Internet developers in creating Web sites.
     As the National Student Entrepreneur of the Year, Singh was in Washington,
 D.C. yesterday to meet with lawmakers from the state of Washington, as well as
 senior executives from NASDAQ.  Rohan will also receive a $1,000 stipend from
 the NASDAQ Education Foundation.
     The 2003 Junior Achievement Interprise Poll(TM) on Entrepreneurship was
 conducted online by Junior Achievement last spring.  A total of 1,101 students
 participated.  The poll data echoed, in part, the results of an earlier survey
 called the JA Interprise Poll on Kids and Careers, conducted in October 2002.
 In that poll, "businessperson" was named the top career choice.  Doctor had
 been the top choice in the three previous years.
     To read full details of this poll, visit the Research Center on www.ja.org
 under Student Center.  For more information, contact Edwin Bodensiek at
 (719) 540-6297 or ebodensiek@ja.org.  Information about the NFIB Education
 Foundation is available online at www.NFIBeducationfoundation.org .
 
     About Junior Achievement
     Junior Achievement is the world's largest organization dedicated to
 educating young people about business, economics and free enterprise.  Through
 a dedicated volunteer network, JA offers in-school and after-school programs
 for students in grades K-12.  JA programs focus on seven key content areas:
 business, citizenship, economics, entrepreneurship, ethics/character,
 financial literacy, and career development.  Today nearly 150 JA offices reach
 more than four million students nationwide.  Through its international
 operation, JA reaches another two million students in more than 100 countries
 worldwide.  For more information, visit www.ja.org .
 
 

SOURCE Junior Achievement

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