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Entrepreneurship

This weeks JA People of Action are volunteers from Lawless Orthodontics [Video]

This week’s JA People of Action are the volunteers from Lawless Orthodontics that taught the 4th graders at Briarwood Elementary during JA in a Day. The curriculum “Our Region” provides students with a practical approach to starting a business while preparing them to be entrepreneurial in their thinking. JA of South Central Kentucky is humbled by the support shown during this day and the dedicated volunteers who made it such a success! Thank you, Lawless Orthodontics, for your continued support of Junior Achievement!

About Junior Achievement of South Central Kentucky (JASCKY)

Junior Achievement of South Central Kentucky serves 13 counties and reaches over 10,700 students yearly. Junior Achievement is the world’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provide relevant, hands-on experiences that give students from …

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Categories
Entrepreneurship

Starting a Business [Video]

Starting a business can be one the most exciting things you'll do in life. It can also be the scariest. According to the latest statistics on the percentage of businesses that fail in the United States, we see that of the 678,135 new businesses that were started in 2015, more than one-fifth (20.4 percent) closed after their first year in operation.The percentage of businesses that fail increases to 30.9 percent in the second year and 38.6 percent in the third year. By the fifth year in 2020, the new business failure rate reaches 50.0 percent. Needless to say, it's hard! The ones that succeed do so not only because they work hard and get lucky. These entrepreneurs spend an immense amount of time creating a plan and execution strategy. It takes a lot of discipline to overcome the challenges. In this episode I'll discuss the basic questions you want to ask yourself when starting a business.