US Entrepreneurship Bounces Back from Recession - Youth Entrepreneurship Sizzles

According to the Global Entrepreneurship Monitor (GEM), a study of more than 200,000 individuals in 73 countries that was founded by London Business School and Babson College, millennials are a key driver of the entrepreneurship trend, with 18% of 25 to 34 year-olds in the U.S. starting or running new businesses in 2014, up from 15% in 2013.

The study found North American entrepreneurs highly optimistic about the potential for “ambitious entrepreneurship”–meaning job creation and growth–with 2.4 of early-stage entrepreneurs showing confidence on this front.

In contrast, in Europe, 0.9% of entrepreneurs in EU countries and 0.4% of countries outside the EU are optimistic about their potential to create jobs. One barrier in countries with full employment is the lack of a skilled labor force, the study found.

To read the full report in Forbes, click here

blog comments powered by Disqus