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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{ 2 comments… read them below or add one }

Joe Wasylyk December 13, 2010 at 12:48 am

Governments at all levels are currently helping Young Entrepreneurs (18-34) because of the scarcity of corporate jobs. This initiative is very commendable.
Now, there is another problem. Because of the current economic turmoil Seniors (50 Plus) are losing their jobs, houses, and other possessions. As a result, we desperately need entrepreneurial training for Seniors (50 Plus) who are relatively too OLD to get a regular corporate job. Let’s get more focused on business support groups and Lifelong Learning centers to help Seniors get an opportunity to supplement their fixed income pensions.

In this light and to encourage more research and discussion I have just completed writing and self-publishing both an eBook and a printed book. The title is: ENCORE! ENCORE! Seniors (50+) As Entrepreneurs Their Time Has Come. The book is scheduled to be released through Lulu.com, iphone, ipad, amazon.com ,etc. approx. December 17, 2010.

Joe Wasylyk
Founder of the ‘Seniorpreneur Project’

paramendra December 21, 2010 at 7:19 am

Great post. Entrepreneurs not politicians will take the number down to five.

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