Small Business Finance News

A Strong Showing For Global Entrepreneur Week 2009

Written by Jenna Weiner
Published: 11/11/2009

This year's Global Entrepreneur Week could prepare future SMB leaders of tomorrow.

Even as reports of diminishing staff numbers dominate the news, for entrepreneurs this might be a period of growth. This year's Global Entrepreneur Week USA already has more than 1,000 partners signed up to support and initiate activities for future business leaders.

Entrepreneur Money Stack

Global Entrepreneurship Week, founded by the Kauffman Foundation, aims to help youth turn innovative ideas into reality through business endeavors. The week, which is November 16 - 22, is geared toward young people from 87 countries around the world and promotes their involvement in local, national, and global organizations.

The 2009 American participants include top universities, government agencies, nonprofits, and major corporations. The Kauffman Foundation reports that Michigan leads the way in inspiring the next generation of entrepreneurs with 93 partners, followed closely by California with 90 partners.

Among the notable activities scheduled this year is a screening of Ten9Eight, a documentary chronicling teen entrepreneurs of NYC.

According to a recent study from American Express OPEN, 80 percent of entrepreneurs between the ages 18-28 have a positive outlook on the economy, compared with 55 percent of those aged 29-44 and 52 percent of baby boomers (ages 45-63).

The study also suggests young entrepreneurs are the most likely to hire, have a capital investment plan and take financial risk, and the least likely to have cash flow issues.

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