The June 2014 unemployment rate for teens ages 16-19 is 31.5 percent and 65.9 percent for young adults ages 20 to 24, according to the US Department of Labor reports.
With so many young people out of work at this time, Biz Whiz Academy, a company specializing in teaching entrepreneurship and real-life work skills to kids and teens, affirms self-employment to be an immediate and viable solution for out of work young people to stay competitive in the job market by running their own business.
When young people are unemployed, they don’t have the opportunity to develop skills that employers say they seek. In an article published by Forbes in October 2013, The 10 Skills Employers Most Want in 20-Something Employees, it states employers want people with problem solving and planning skills, Biz Whiz Academy’s products build these abilities.
The best solution Biz Whiz Academy proposes, is for kids and teens to start developing key skills now. Entrepreneurship provides an opportunity for young people to learn about earning their own money, running their own business and more importantly helps to develop an entrepreneurial mindset of resiliency, self-reliance, and focus, which transfers to better employment and earning opportunities in the future.
With as little as $20 in start-up costs, and three days preparation, Biz Whiz Academy’s guided success model, known as Biz Plans, and its practical hands-on approach, gives kids and teens ages 7-19 the chance to run their own small neighborhood business. The contents of the Biz Plan products/curriculum are divided into age appropriate material and activities; these age groups are 7-11, 12-15 and 16-19. Biz Whiz Academy products can be used at home and have recently been introduced in a traditional school setting.
Academic leaders, such as Dr. Yong Zhao, who currently serves as the presidential chair and director of the Institute for Global and Online Education, University of Oregon, emphasize the need for entrepreneurial students – people who can be resourceful, flexible, and creative. Biz Whiz Academy offers these lessons through their curriculum and products.
Other benefits of youth entrepreneurship are far reaching. “Empowering the youth of America with an entrepreneurial mindset, through real life experiences can be life-changing,” said CEO and Founder of Biz Whiz Academy, Erik Amato. Research shows that entrepreneurship education can improve academic performance, interest in attending college, increased problem-solving, decision making abilities, money management and overall job readiness. In a recently completed pilot study of several high schools in California, (Aliso Niguel High School, Lopez High, Cabrillo High School, Paso Robles High School, Lompoc High School, Santa Ynez High School, Pioneer
Valley High School, Central Coast New Tech High School), the company’s biz plans were put into practical use. The goal of the pilot program was to help high school students build career pathways in business, and to build interest in attending college.
Biz Whiz Academy is preparing to launch its product to more schools and states in the upcoming school year in order to impact a larger number of youth, and present them with a practical tool to earn money and develop more employer-sought skills.
Biz Whiz Academy develops practical, hands-on, low cost products and skill-building guides for home and school use as it relates to entrepreneurship and personal success.
Biz Whiz Academy specializes in giving everyday kids and teens the chance to start their own age-appropriate businesses with greater success. With this success, the kids and teens experience social psychological benefits like self-esteem, ego development and self-efficacy, early in life.
For more information about the program, or to learn how to get started, email
“Progress comes from the intelligent use of experience.” (Elbert Hubbard)