Entrepreneurs are the people that drive the American economy, accounting for most of the employment opportunities in the country as well as almost all the innovative businesses that are springing up each and every day. The Small Business Administration of the U.S. reports that about 25.8 million American small businesses have employed over 50 percent of the entire private labor force. These small businesses are known to be generating more than half of the entire gross domestic product of the nation and are the main source of new, innovative, and high paying jobs in the entire U.S. economy.
The benefits that entrepreneurship education will bring to the U.S., especially if geared towards the disable or the youth
The biggest employment strategy worldwide today is entrepreneurship. Through entrepreneurship, a lot of countries across the globe have gained economic self-sufficiency for their disability population and the youth. For people with disabilities, especially when most of them are stigmatized in some work places, entrepreneurship education will be the best way to go, giving this group the opportunity to start their own businesses and be their own bosses, rather than working for people who might not appreciate their efforts in the end. People with disabilities who are able to make it through their own businesses are able to contribute their quota to national development through taxes. If nothing at all, them being employed means that the number of unemployed people in the economy will be reduced drastically.
A lot of disabled people in the United States will like to be their own bosses, employing themselves. However, there are a lot of bottlenecks that come their way right from finances to legal issues. These stumbling blocks are some of the things that prevent them from setting up their own businesses and making something out of that.
The only solution to this is an entrepreneurship education for the disabled. The solution lies in educating the disabled on entrepreneurship education. When a proper entrepreneurial educational system is charted for the disabled to start their own businesses, there are a lot of advantages that will come. Apart from increased in problem solving capabilities of this group, financial management, innovativeness, and decision making capabilities, there are a lot of other benefits that will come their way including.
- An opportunity to get work-oriented experience.
Entrepreneurship education will give disabled youth more work experience and more insight into the work environment. This gives them an upper hand, especially in job searches as they will have knowledge in innovative means and ways of managing and running businesses.
- An opportunity to display leadership and interpersonal skills.
When entrepreneurship education is well carried out for the disabled youth, they will get to have knowledge in managing small businesses in their own innovative ways. This helps them develop more leadership and interpersonal skills in facing the real world and creating employment for the many unemployed disabilities out there.
- An opportunity to develop financial, planning, and financial management skills.
If entrepreneurship education is well taught to disabled youth, they get a head start in how to manage their own finances and plan their businesses to meet the competitive world.
The only way to ensure that these unemployed disabled people get their freedom back is to make sure that they get to start their own businesses and it is a sound entrepreneurial education that can do that.