WHY YOUTH SHOULD BECOME ENTREPRENEURS
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78% of Americans are living paycheck to paycheck
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Americans are suffering ulcers, depression, high blood pressure, anxiety, and cancer at record levels to due over-stress at work.
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Underemployment is common among recent college graduates. EPI found the rate to be 11.1% in May 2018.
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85% of American workers despise their jobs and 67% of employees have dreams of being an entrepreneur
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Many workers feel that their work hours and workplace stifles their ability to provide time for their families.
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Job loss is at a record high due to recessions, and advancements in technology and automation.
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Living off of one source of income poses high risk to security.
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It is becoming more expensive to live in America, yet average salaries have not risen significantly to reflect costs of living.
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There is $1.6 trillion accrued in student loan debt (over 45 million borrowers) in which borrowers have no assets to pay them off.
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Entrepreneurs that start earlier in life have greater assets that can provide them more time and freedom in the future and protect them from debt.
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Young entrepreneurs have real-life skills that greatly benefit their earning potential.
WHAT IT TAKES TO BE AN ENTREPRENEUR
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Be driven by a purpose to succeed no matter the odds.
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Capitalize on a dedication to excellence, not perfection.
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Have a desire to take control of life his or her hands.
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Live with to make a contribution, not a transaction.
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Follow through to your promises with the end goal in mind.
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Make a commitment to be better everyday.
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Be accountable for others and prioritize their needs above your own.
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Set reasonable short-term and long-term goals and act on them.
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Seizes an opportunity the moment one is presented.
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Delay short term pleasure for long term gain.
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Build up the confidence to face fears and challenges.
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Do more than what's expected and managed.
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Guided by a sense of integrity and leadership.
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Demonstrate a hungry aptitude to learn and seek solutions.
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Be willing to assume risks and embrace failures as learning opportunities
INDUSTRIAL AGE BUSINESS
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Subject to collapse due to high rise in technology
and new innovations -
High investments to start and large overhead
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High costs of hiring and paying employees
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Low success rates compared to digital businesses
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High investments in untested products and services
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The level of ownership belongs to a few individuals
INFORMATION AGE BUSINESS
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Build a business from the palm of your hand
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Little to no investment and overhead
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Run a business from home or wherever
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Able to operate at any time
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Low-risk, equal opportunity
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Already available technology to leverage
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Easy integration of social media and personal networks
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The level of ownership can belongs to many