With Job Prospects Dim, Colleges Grads become Entrepreneurs

by Fred Abramson on December 12, 2010 · 2 comments

With the unemployment rate a hair under 10 percent, the job outlook for many college students is not bright. With the mountain of debt that awaits upon graduation, many are starting their own businesses.

The road to creating a successful business is not easy. The stats show that most businesses fail within the first five years.

In an effort to help young entrepreneurs, Scott Gerber has started the Young  Entrepreneur Counsel. Mr. Gerber and the Counsel were featured in the New York Times. The Counsel’s mission “is to teach young people how to build successful businesses and fight the devastating epidemics of youth underemployment and unemployment.”  After perusing the website, the group looks like a great resource.

The group has hooked up with a who’s who of all the big players of the Entrepreneurial media scene, including Mashable and Business Insider (my two favorite business blogs).

Mr. Gerber has also started the Gen-Y fund , which helps entrepreneurs obtain funding.

The Law Office of Frederic R.Abramson represents entrepreneurs in New York.

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