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Led by the booming Asian economies of China and India, a young class of entrepreneurs with their start-up businesses is on the rise making the entrepreneurial spirit to flourish. Unlike the past generation, today's new generation is Net-savvy, extremely knowledgeable, globally aware and willing to pounce on a smart idea even if it means demanding hours and considerable financial risk early on in life.
The ever-changing technological advancement, be it software applications or other digital technologies, allows a go-getter with a smart idea to hit the marketplace quickly. Young folks barely out of college are already running serious enterprises with only a modicum of capital, and their stories may surprise you. Aspiring entrepreneurs crave the perceived substantial lifestyle and personal benefits of going it alone.
The successes stories of Bill Gates, Michael Dell, Larry Page, Sergey Brin and Mark Zuckerberg are striking examples, all of whom set up businesses at the tender age of 25 or under, and they are now worth billions of dollars. Inspired by these stories, more and more young people are being exposed to entrepreneurial thinking than ever before. According to a report by Barclays, International investment bank "During the first half of this year, 20,700 businesses were started by under-25s. Contrary to what some people believe, the budding young Bransons are not just sitting at home on a computer dreaming up the next MySpace. The most popular sectors are construction, hairdressing, restaurants and leisure." The figures paint a picture of a growing young entrepreneurship spirit, as increasing numbers of school leavers and graduates decide to set up on their own instead of climbing the corporate ladder as an employee. In the early 1990s, very few universities offered courses in entrepreneurship. However, most universities are offering some sort of entrepreneurship education and providing relevant courses outside of their business school.
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