Everyone, from high school students to retirees, seems interested in being his or her own boss. It is important to realize that the majority of this growing interest is not from experienced entrepreneurs, but comes from individuals who are new to the world of business. Therefore, the demand for entrepreneurship training and support resources is at an all time high. These programs have become key economic development initiatives in many regions. As a result, Business Service Centers and Micro-Enterprise Organizations are often given the responsibility of delivering these initiatives.
Small business is the fastest growing market segment.
Research shows that many new entrepreneurs approach lending organizations having done little or no preparation. Most entrepreneurs start businesses because they are technically oriented, but they do not have the necessary entrepreneurship or management skills. Small business is a booming sector of the economy and a successful area for economic development initiatives. Many of the training programs, that have taken the time to educate these newcomers about entrepreneurship, have proven incredibly successful - so successful, that an increasing number of communities are interested in implementing them. The greatest obstacle is financing and delivering entrepreneurship training.