UPDATED: Friday, April 13, 2012 - 8:54am
WACO -- Baylor's Entrepreneur program is now second in the nation, and soon students will be putting their skills to the test.
The school received an anonymous donation of $2 million for a competition to help students develop their business ideas.
Fox 44 spoke with Baylor who says a lack of jobs means students are now creating their own.
Baylor graduate Joel Peel always wanted to be his own boss. So he started a t-shirt company, and while a record-number of graduates are struggling to find jobs, his business is taking off.
"We've actually seen growth in the economy based on expanding our capabilities. Any business needs to diversify in hard times."
Peel is part of a new generation of entrepreneurs creating their own path in a dismal job market. Baylor's Mary Abrahams says more people are following suit.
"If this economy does continue the way it's going, and they start trying to find those jobs, they may find that it might be easier for them to take their entrepreneurial skills and create their own job," says Abrahams.
Abrahams says she knows of ten students right now who already have their own businesses.
"There's always businesses on campus."
Kelsey Warren is a future entrepreneur at Baylor. She says the job market doesn't concern her because she's confident she can create her own.
"What's so attractive about the major and the concept to students is that we can use it in every field. There's no specific place. It's not just pushing a product and having people buy it. It's also finding new ways to solve current problems," says Warren.
Joel Peel credits his success to creating his own opportunities in a tough economy.
"We are creating a vertical like company so that we can provide everything that we need for ourselves."
Now, Baylor looks to push new students to succeed. A new competition will bring student entrepreneurs from around the U.S. to present their business ideas.
The winner will be another step closer to being their own boss, too.