According to a new study, young people who get in trouble with the law or generally break rules might make good entrepreneurs.
Ross Levine of the Haas School of Business at the University of California at Berkeley and Yona Rubinstein of the London School of Economics looked at people who have incorporated businesses in their paper "Smart and Illicit: Who Becomes an Entrepreneur and Does It Pay?," published by the National Bureau of Economic Research, according to Yahoo news.
The study found that the people who are self-employed with incorporated businesses have a "distinct combination of cognitive, noncognitive and family traits .… The combination of ‘smarts’ and ‘aggressive/illicit/risk-taking’ tendencies as a youth accounts for both entry into entrepreneurship and the comparative earnings of entrepreneurs."
Behaviors from skipping school to using alcohol or marijuana, robbery, assault, gambling and drug dealing are examples of risk-taking behavior, also according to Yahoo.
Click here to read more from the Yahoo article.
Locally, there is a new push to tap young talent. Though the new efforts aren't especially focused on misbehaving teens, local leaders have started to help young people embrace nontraditional avenues to success.
Leaders recently coordinated a visit from fellows with the Thiel Foundation.
The foundation, named for venture capitalist and entrepreneur Peter Thiel, has a fellowship program that's been a little controversial because it encourages young people to forgo college and try entrepreneurship.
Other local entrepreneur groups have helped young people and other entrepreneurs start businesses after they had trouble with law enforcement.
According to Nooga.com archives, Foster had gotten into trouble with drugs and had been "on the fence" about school.
He said that being invested in a business project helped him turn his life around.
LAUNCH also helped another local entrepreneur turn his life around. Click here to read about new business owner and Chattanooga resident Julius Burrows, who went from spending five years in prison to starting his own mobile food business with his wife.
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