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Showing posts from November, 2011

Youth entrepreneurship

(Published in BusinessWorld under the View from Taft Column, October 26, 2011) My 16-year-old daughter, Frances, eagerly attended the Young Entrepreneurs Summit held at the World Trade Center last September. Thousands, including students, converged in this laudable undertaking aimed at encouraging entrepreneurship among the youth. Interestingly, she along with friends also attended the Franchising Expo in SMX Convention Center during the same period. She was one of the few kids who attended that exhibition which was intended for prospective franchisees. Studies have shown that entrepreneurial qualities, such as initiative, autonomy, risk taking, creative problem solving, and high internal motivation to succeed, emerge in children at a young age. I first discovered these qualities in my daughter when she was five years old, when she wanted to buy food in school and she didn’t have money. She got a Vick’s Vaporub ointment accidentally stashed inside her schoolbag by her yaya, and p...