Young entrepreneurs becoming bosses, not employees
Professor Jerry White, director of the Caruth Institute for Entrepreneurship in SMU's Cox School of Business, talks about the surge in young entrepreneurs.
By ARSELIA GALES
Staff Writer
Forget corporate America and the traditional job route. These days, some college graduates are launching their own businesses with just a degree in hand. . .
Southern Methodist University professor Jerry White said he’s seen a surge of interest in college students wanting to run their own businesses, but most will have to wait a couple of years before they can get started.
Although college students are interested in becoming entrepreneurs, they need to save capital first, said White, director of the Caruth Institute for Entrepreneurship in the Cox School of Business at SMU.
With barriers to entry lower than ever, though, many young entrepreneurs turn to crowdfunding to raise money and gain support for their ideas, he said.
“Fifty-one percent of millennials plan to start their own business in the next five years,” White said, citing recent data from the Kauffman Foundation. “All you need is a laptop and seed money in order to get something started.”
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