Theorizing eight enablers (8Es) of youth (early-stage) entrepreneurship

Ty Choi and Reid McLain

Journal of the International Council for Small Business, 2024, vol. 5, issue 2, 117-128

Abstract: Youth entrepreneurship is crucial for economic growth, innovation, and social development. Despite increased attention in recent years, it remains an underresearched area. This article introduces the 8Es of Youth Entrepreneurship Model, which identifies eight key enablers: education, experience, ego (self-efficacy), enthusiasm, exposure, endorsement, encouragement, and en route. By addressing these enablers, stakeholders can create an enabling ecosystem for youth entrepreneurship. This model provides practical insights for practitioners and policy makers. It emphasizes the importance of educational programs, mentorship initiatives, access to capital, and a favorable business environment to support young entrepreneurs. Policy makers can utilize the model to formulate policies that prioritize improving education, fostering entrepreneurial experience, building self-efficacy, promoting exposure to role models and networks, and providing endorsements and recognition for young entrepreneurs. By collectively focusing on these enablers, we can empower young individuals and harness their entrepreneurial spirit for a prosperous future.

Date: 2024
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DOI: 10.1080/26437015.2023.2222551

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