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Many Young Adults Create Their Own Business

By: Garret Krier
Updated: June 1, 2012
The next Sam Walton could be starting their business right now.  A new study says almost 600-thousand new businesses are created each year by young adults right out of college.  KNWA talked to one clothing shop owner about why she felt the need to start her own business rather than work for someone else.

"It is hard to get hired anywhere," said 23-year-old Kaitlyn Lee who graduated college less than 1 year ago from the University of Arkansas.  "After I went on so many job interviews I was like you know let's just do what I want to do," said Lee.

Meaning Lee would start her own business, and Stiche Clothing was born on the Fayetteville Square.  "I actually took out a really small business loan.  It won't be bad at all," said Lee.  "I love it.  It feels good to say.  And I like being my own boss," said Lee.

Lee is not alone though.  A study by the Kaufman Foundation reveals Lee is among almost 600-thousand young people starting new businesses each year.  "Why not do it for yourself?"

Katherine Brandt-Narcisso, an entrepreneurial specialist at the Fayetteville Chamber of Commerce says there could be more like Lee if people knew they have a choice earlier in life.  "In between that time in High School and college they do not realize that is an option," said Lee.

So this year Brandt-Narcisso is starting up a business boot camp for kids in high school.  "They will learn what it takes to be an entrepreneur and the basics of entrepreneurship," said Brandt-Narcisso.  This way there will be many more Kaityln Lee's in the world.

"When I decided to go for it there was no other option really for me," said Lee.  Business bootcamp is June 25th to the 29th, contact the Fayetteville Chamber of Commerce for more information.  Or check out their Facebook page below.

facebook.com/fayettevillechamber/events

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