Maybe you want to start your own business, or work in a start-up, or just be able to create new ideas within a larger, mature organization. Whatever
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Maybe you want to start your own business, or work in a start-up,

or just be able to create new ideas within a larger, mature organization. Whatever path you choose, the world is open to you. You truly are the future of business as you will be the people responsible for the businesses that shape tomorrow. What does it mean to be an entrepreneur? A great video (available at www.youtube.com/watch?v=lZKhZmvJuZY) was put together for New York Entrepreneur Week that describes in very real, concrete terms what it means to be an entrepreneur. Does that sound like you? What does it mean to be a young entrepreneur? Is it really possible to start a business at your age? Absolutely. Just look at Mark Zuckerberg of Facebook, Chad Hurley of YouTube, or Blake Ross and David Hyatt of Mozilla, all of whom are on the 50 Richest Young Entrepreneurs Under 30 list. Or check out Blake Mycoskie's story of how he created TOMS shoes in the book Start Something That Matters. Inc. magazine puts together a list of the Top 30 Under 30 young entrepreneurs every year. There are many other lists and many other examples. These particular examples may seem like anomalies to you. But we have profiled a number of very real, accessible examples for you throughout this textbook, some of whom may have graduated from your own school. Read their stories, contact them, and ask your questions. They all had a dream, a vision, and went for it. And they will all inspire you. You can do it too. A number of the young entrepreneurs we have profiled for you have won awards. One such award is the BDC Young Entrepreneur Award, started in 2013. The BDC (Business Development Bank of Canada) rewards Canadian entrepreneurs between the ages of 18 and 35 "whose company has reached a turning point and who propose innovative solutions to ensure their company's growth." The grand prize is $100,000 to implement your plan. Got you motivated yet? If you're itching to get moving on your idea, check out Futurpreneur Canada. This organization has been operating for nearly 20 years, "fueling the entrepreneurial passions of Canada's young enterprise." It is "the only national, non-profit organization that provides financing, mentoring and support tools to aspiring business owners ages 18-39," and it will match you with a business expert from its network of more than 2,800 volunteer mentors. It has supported more than 6,570 young entrepreneurs in Canada to create more than 5,475 businesses with prelaunch coaching, online resources, financing, and mentoring. You can get started by watching its story at www.futurpreneur.ca/en/microsites/ futurpreneur-canada-formerly-cybf/#videolink. Another resource is the Impact Entrepreneurship Group. One of the many cool things about this organization is it was started by someone just like you—Kunal Gupta, was a first-year software engineering student when he started a one-day event at University of Waterloo in 2004 that has since grown into "Canada's largest non-profit, student-run organization dedicated to encouraging the entrepreneurial spirit amongst youth in Canada and becoming a starting point and catalyst for youth interested in entrepreneurship and leadership." Its mission is to "create the next generation of entrepreneurs and help young entrepreneurs realize their true potential." Impact's view is that "entrepreneurship embodies something bigger than just starting a business—a mindset towards life that can help achieve any dream." That sounds pretty great to us. How about you? If you want to start a business that will make a real impact on the world rather than just make you rich, check out Enactus. Enactus is an organization that "is shaping generations of entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of Canada." It runs its own annual competition—the $10,000 Enactus Canada Student Entrepreneur National Competition, which is the only national competition focused solely on full-time Canadian postsecondary student entrepreneurs. You should also check out the Canadian Social Entrepreneurship Foundation. CSEF's goal is "to develop Canadian social entrepreneurs so that they can contribute to the economic and social development of Canada and the world." It provides education, resources, and a network for social entrepreneurs. As indicated in Industry Canada's Small Business Financing Profile, to "maintain economic growth and prosperity, it will become increasingly important that Canada's youth fill the entrepreneurial void left by the retiring baby-boom generation." We are counting on you! Career Options magazine did a study in 2008—Canada's National Youth Entrepreneur Social Attitude and Innovation Study—which showed that "close to 50 percent of youth between the ages of 16 and 24 would like to start their own business." If you are one of the 50 percent, we wish you luck. Remember you are the future of business. Thinking Critically


1. If youth did not start businesses, what would the future of business look like?
2. Do you think that youth today have a different perspective than those who started businesses 20 or 30 years ago? Will the future of business look different because of it?
3. What different perspectives and priorities do the youth of today bring to new businesses?

Answered by Expert Tutors

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