The Youth Entrepreneurship program in partnership with Junior Achievement is taking shape with the formation of 74 companies by young entrepreneurs.
Friday, September 7, 2012
Over twenty years, the program has trained and supported more than 38,556 young technicians. Today, it demonstrates results with the formation of 74 companies and 16 others that are in process.
The chairman of the program, which is run by the Nicaraguan Development Institute (Inde) said, "Our dream was to grow opportunities for young people through a program of personal and business growth and development."
An article in Laprensa.com.ni adds, "Each of the 74 companies are employing two people. Sacasa says that besides having an entrepreneurial spirit, in order for the to take their a business idea forward, the youngsters require a key element: passion. ‘If there is no passion, its not true that a young person will be able to cope with rejections, the blows that are inevitable in the process of forming a company’".
To be successful you need a good idea to accompany an indispensable ability and entrepreneurial drive.
A report entitled "Entrepreneurship in Latin America: A Lot of Companies and Little Innovation," prepared by the World Bank (WB), reports that in the region one in three workers are self-employed or a small employer. However, most of them rarely hire workers and remain small, even after decades of operation.
"Entrepreneurship is not a job, or even a calling, but a thirst."
Successful entrepreneurs - those creatures that we are all now viewing as essential to save the world economy from its troubles - come from different countries, societies, cultural backgrounds and business sectors. There is no single or particular stereotype, however, these individuals have several things in common.
It fosters entrepreneurship by creating business networks; they connect innovators and entrepreneurs with angel investors.
In Latin America, First Tuesday already operates in El Salvador and Chile, and is expected to open soon in Argentina, Colombia and Peru.
José Chen Barría is the executive director of Panama’s Foundation for Economic and Social Development (Fudespa), and responsible for bringing the program to Panama.
U.S. universities are exporting entrepreneurship and innovation know-how to Latin America.
In a world dominated by change, Latin American companies must solve their lack of entrepreneurship culture and innovation strategies, to avoid being left behind by global competition.