Entrepreneurship and Job Success

Entrepreneurship and Success


Business Start-ups Becoming More Popular Among College Grads
by Ma'Isha Thompson | Career | Thursday, October 10, 2013 

In recent years, the pursuit of entrepreneurial businesses has become a popular source of revenue for recent college graduates. With the downturn of the economy, many graduates are having a hard time finding a job working for an employer that would help them to gain and maintain financial stability. According to the Florida State University Jim Moran Institute for Global Entrepreneurship, about 9.4% of college graduates are unemployed upon graduation. As a result, many are finding that starting their own businesses is the best alternative to unemployment.

Fourth year health care management student Brittany Brinson, has considered starting a business. Brinson declares, “School is so expensive and there is a lot of competition in the job market. I have the skill set to venture down the path of entrepreneurship I just have to do a little more research before I jump into it.” 

Businesses such as, MeTaVa Inc., Concept Creative Group, and Artistic Confections were started by young professionals seeking to gain monetary constancy after college. Even larger companies such as TIME magazine, Google and Facebook were started by college students.

According to the Small Business Development Center, in Florida alone small businesses have created 43,856 jobs adding $3.3 billion to the economic status of the state for over 35 years. In Georgia, small businesses added 1,697 jobs to the economy in 2010. Small businesses in New York have contributed approximately $4.8 billion to the economy and created about 161,226 jobs since 1984. These numbers show as a whole how start-up businesses potentially contribute to economic growth. Money and possible job opportunities for friends and family are other aspects that drive students to entrepreneurship. 

Florida A&M University School of Business and Industry professor of entrepreneurship LaTanya White says, “Entrepreneurship is a driver of economic development and economic growth. There have been studies and there is data that demonstrates over 40 million jobs in the last 10 to 15 years have been created by entrepreneurs and small start-up businesses.” White, a business owner herself, began building her company, Concept Creative Group, after finding her passion in life prior to graduating from college. 

Other young entrepreneurs also contribute to the economy by establishing non-profit organizations. College students tend to value giving back; therefore, they build non-profits to further compliment their companies, while continuing to address a need that consumers desire to be fulfilled.

Photo credit: ©iStock/choja

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