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