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Entrepreneurship for All

Young people with the potential to become business leaders are too often unable to get past the disadvantages of poverty and a lack of access to knowledge and support.

Look in any low-income area, whether it’s a favela or a rural village or a run-down section of an American city, and you’ll find young people with the characteristics needed for entrepreneurship: curiosity, confidence, and a propensity to break rules. The latter trait is an important part of the mix. In a study by the National Bureau of Economic Research, young people who engaged in “more aggressive, illicit, risk-taking activities” tended to score higher on learning-aptitude tests, had greater self-esteem than their peers, and were more likely to undertake entrepreneurship ventures as adults.

It makes sense that rule-breakers are well-positioned to start businesses. Entrepreneurs are more comfortable setting their own rules than staying within limits set by others, and they often have little respect for authority — educational, cultural, or even legal.

Often they do not have the skills or awareness of what is around them even if they grow up in a big place like New York City. Everything is available but if you do not know how to organize it, the cards are stacked against the new entrepreneur. BMCC’s Small Business & Entrepreneurship Degree Program gives you insights into how to think, act and organize like a company founder.