Every Young Person Needs an Entrepreneurial Mindset, Now

We live in a moment of great opportunity, where information is more widely available across the globe than ever before and advances in technology allow for new levels of communication and innovation.

Despite these historic breakthroughs, 71 million youth are unemployed globally, and in the next 13 years, there will be at least 600 million more young people looking for work than projected jobs.

Why this disconnect?

As a society, we must prepare young people to leverage the opportunities inherent in today’s innovation economy. Schools need to teach students how to approach the world with an innovator’s eye and a founder’s grit, applying the same rigor as when teaching math.

The entrepreneurial mindset is vital to our global future and has become a part of our shared cultural conscious. In the span of just a few weeks, Fivver CEO Micha Kaufman points to the entrepreneurial mindset as a key element to success, while EY Entrepreneur Of The Year® award winners credit the mindset for their progress with 24Hr HomeCare, and Commercial Loan Officer of Westfield Bank, Jeff Honaker, identifies the entrepreneurial mindset as central to a business’s growth and overall economic health. ABC Shark and FUBU CEO Daymond John opens his most recent book, The Power of Broke, by stating the importance of the entrepreneurial mindset.

Employers are very vocal about their encouragement of, and need for, the entrepreneurial mindset in the workplace. Over 90% of U.S. employers identified entrepreneurial skills as “very important,” and 1 in 3 say that they actively seek entrepreneurial skills when hiring.

At NFTE we see first-hand the effects of teaching the entrepreneurial mindset. The young people we serve come from under-resourced communities, and after completing a NFTE program, go on to outpace national averages in employment, business startup, and income. They approach their education, careers, and lives as innovators.

So how can we activate the entrepreneurial mindset in every young person, now? By incorporating the entrepreneurial mindset into mainstream education.

Explore our whitepaper to learn more, and special thanks to EY for their signature support of NFTE’s Entrepreneurial Mindset Index (EMI).