Teen Entrepreneurship and the Rise of Young Innovators
- whereemotionsflow
- Dec 10, 2024
- 2 min read
By Sumedha
Introduction
The entrepreneur is defined as someone with the ability and desire to establish,
administer, and succeed in a startup venture, along with the risk entitled to it, to
make profits. For teenagers, it is not only a gateway to financial independence
but also helps them learn various crucial skills like innovation, communication,
responsibility, etc. (BYJU’S. (n.d.). , Rainbow International School. (n.d.).
Reasons for this growth?
1. Technology - with the rise of technology teens are able to create their own
things like launching an app and starting platforms on their own!
2. Access to funding - so many platforms offer funds for teens which was not
found before
3. Mentorship - unlike before there are so many tools, people, and platforms
to help these teens to become entrepreneurs.
4. Growth of innovations and risk-taking - they get to have more creative
ideas and they are more risk-takers than an adult (Chakra Sadineni, A.
(n.d.)., LinkedIn)
Positive mental effects
1. Enhanced creativity and innovation - this helps in bringing more ideas
2. Effective decision making - teen entrepreneurship helps them make good
decisions
3. Effective communication - this helps in creating good relations with people
4. Leadership skills - this also helps them to have a leader quality
(Amankwa-Ademe, M. (n.d.)., LinkedIn)
Negative mental effects
1. Work-life balance - since entrepreneur requires a lot of time this affects their
school life
2. Financial stress - they usually have limited resources to work with
3. Pressure to succeed - they have so much pressure on themselves, investors,
and customers to succeed
4 . Imposter syndrome - this is a feeling of fraud, self-doubt, anxiety, and
depression (LinkedIn. (n.d.))
References
BYJU’S. (n.d.). What is entrepreneurship? Retrieved from
Rainbow International School. (n.d.). Teen entrepreneurship: Fostering
innovation and responsibility. Retrieved from
nd-responsibility/
Chakra Sadineni, A. (n.d.). The rise of young entrepreneurs. LinkedIn. Retrieved
from
Amankwa-Ademe, M. (n.d.). The entrepreneurial advantage: The impact on the
mental health of young entrepreneurs. LinkedIn. Retrieved from
young-michael-amankwa-ademe
LinkedIn. (n.d.). How can young entrepreneurs overcome mental health
challenges? Retrieved from
health-challenges#:~:text=Financial%20Stress%20and%20Uncertainty,and%20ot
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