Issues in the News

Visa USA/National Federation of Independent Business Youth Entrepreneurship Teacher Survey
Online survey of 350 high school teachers and guidance counselors conducted from April 25 – May 9, 2006

Overwhelming number of teachers/guidance counselors say students have expressed an interest in one day becoming their own boss:
Have any of your students ever expressed an interest in starting their own business
someday?
90% Yes
10% No
Students don't necessarily know where to turn for help:
Do you think that today's high school students know where to go to get the help they need to start their own company?
10% Yes
75% No
16% Don't know
Seventy-four percent of teachers/guidance counselors whose schools do not offer instruction on how to start a business think that it should be provided:
Does your school offer instruction that gives students the basic know-how to start a business?
35% Yes
43% No
22% Don't know
(If No/Don't Know) Do you think your school should offer instruction that gives students the basic know-how to start a business?
74% Yes
26% No
Sixty-four percent of respondents said having high schools offer classes that give students the basic know-how to start a business would be the most helpful way to encourage more students to follow their dreams of someday starting their own company:
From your perspective, which of the following would be the most helpful to encourage
more students to follow their dreams of starting their own business?
64% Have high schools offer classes that give students
the basic know-how to start a business
20% Encourage high school students to get jobs after school
to get exposed to business at an early age
3% Encourage high school students to regularly read
the business section of the newspaper
12% Encourage them to read books about successful people
who've started their own businesses
In schools that offer entrepreneurship instruction, 30 percent of respondents said their students are more likely to start their own business one day. This number dropped to only 19 percent among those who were surveyed in schools that do not offer any entrepreneurship instruction:
Do the students you see in class today seem more likely or less likely to wind up starting their own business one day than students you saw in past years?
  Schools Offering Entrepreneurship Instruction Schools Not Offering Entrepreneurship Instruction
More Likely 30% 19%
Just As Likely 49% 44%
Less Likely 21% 37%
Fifty-two percent of respondents who said they think students are more likely to start their own business believe the main reason is because working for an employer has become less reliable:
Which of the following would you say most explains why students today are more likely to start their own businesses someday:
3% More encouragement from their school
9% Easier to obtain financing for new businesses
9% More motivated students
52% Working for an employer is less reliable
than it used to be
27% Today's culture stresses self reliance more
Sixty percent of respondents who said they think students are less likely to one day start their own business cite a lack of motivation as the main reason why:
Which of the following would you say most explains
why students today are less likely to start
their own businesses someday:
2% Lack of encouragement from their school
8% Harder to obtain financing for new businesses
60% Less motivated students
12% Students are more interested in the benefits and security of being an employee
18% Today’s culture stresses self reliance less