How to help a teen start a summer business
The Bureau of Labor and Statistics reports that the unemployment rate for teens this summer is expected to be 26.4 percent This is the highest number since they began tracking in 1948. Double that number and you begin to come close to the unemployment rate for black and Hispanic teens. Summer jobs that many of us were accustomed to growing up are virtually non-existent. Research shows a direct correlation to criminal activity and lack of meaningful work experience among teens.
What's the solution?
We could demand that the federal government allocate more dollars for summer employment programs and make sure that the state spends the money wisely. This political option should be pursued. As a business coach and someone who built a mult-million dollar company in my 20s. I suggest that all of us can also pursue a practical approach as well. Instead of helping a teen find a job how about helping them to create one?
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