Post on 03-Jan-2016
description
Youth Employment - Day 3
Promoting Entrepreneurship
Priorities and Practical Measures
1. Viable Finance
2. Identifying Opportunities
3. Enterprise Education
4. (Plus) Supporting Dropouts
5. Supportive Regulation
Promoting Entrepreneurship
10 Issues / Challenges
6. Mentoring/Advice
7. Supporting Expansion
8. Community Support
9. Opportunities For All Areas.
10. Involving Young People
Promoting Entrepreneurship
10 Issues / Challenges (2)
Young need capital assistance.
Capital Must Be Sufficient for viable start up
Proper Capital Makes Self Employment
Accessible to More Young People.
Challenge 1: Securing Viable Finance
Challenge - Bang for the Buck!
Ensure sufficient capital is available.
Assist young people in accessing capital
Provide more flexible capital sources/options.
Relaxed guarantee and asset requirements.
No 1 source - need more/multiple $ sources
Challenge 1: Securing Viable Finance
What Needs to be Done?
Challenge to Govt and Ers in particular.
Re-examine capital access of young people.
Give Practical aid/advice in accessing capital
Influence lenders for effective youth access
Broker joint funds for young entrepreneurs.
Challenge 1: Securing Viable Finance
Next Steps
Young people need viable self-employment.
Need niches / avoid crowded markets.
Innovation needs new markets/products.
Need most effective use of available capital.
Challenge 2: Identify Ent. Opportunities
Challenge - Picking Winning Industries
Direct Youth into
Best enterprises for their society - e.g. ICT
The most viable industries - ensures
capital is invested most effectively.
Challenge 2: Identify Ent. Opportunities
What Needs to be Done?
Challenge to Govt and Ers in particular.
Must Harness Employer Market Knowledge
Identify and Publicise Niches.
Identify and Publicise Agreed Priority Areas.
Challenge 2: Identify Ent. Opportunities
Next Steps
4 Dimensions of Education:
1. Practical Enterprise Skills
2. Business/Commercial/Finance Skills
3. Life/Maturity Skills
4.Managerial Skills - To Become Better Ers.
Challenge 3: Enterprise Education
Challenge - Creating Enterprise Capacity
Review / Create Enterprise Curricula
Develop Practical & Effective Business
Competencies for Students / Graduates
Business and Employment Ready Graduates
Also Enhances Employability
Challenge 3: Enterprise Education
What Needs to be Done?
Challenge to Education Admin and Schools
Employers:
Identify the basics of running a business.
Help Develop Business Competencies /
New Educational Standards
Challenge 3: Enterprise Education
Next Steps
Dropouts can also be source of
innovation.
Enterprise Can Offer A Second Chance.
Dropouts must also have access to
Entrepreneurship Support / Programs.
Challenge 4: Integrating Dropouts
Challenge - Not Leaving People Behind
Young Ent Often Unusual / Groundbreaking
Young Ent Often Informal / Unregulated
May Fall Foul of Many Regulations / Laws
Must Facilitate Ent & Still Protect Society
Challenge 5: Supportive Regulation
Challenge - Reducing Barriers
Identify Regulatory Barriers
Question/Review Regulation Affecting Youth
Pursue Opportunities to Reconcile/Amend
Inform Youth Of Regulatory Obligations
Challenge 5: Supportive Regulation
What Needs to be Done?
Gather Info/Experiences From Young Ent.’s
Reform Partnership With Government.
Regular Consultation of Youth & Regulators.
Problem Solving Not Prohibition Approach.
Challenge 5: Supportive Regulation
Next Steps
Running A Business Is Hard - Help is Vital
Employers Have Expertise / Experience.
Can Help Through Challenges to Increase
Youth Enterprise Success.
Challenge 6: Mentoring and Advice
Challenge - Expert Guidance & Support
Marketing & Distribution Advice is Crucial
Facilitate Meeting of Ers and Youth Ent.
Mentor Matching is Important.
Need Admin/Practical Support for Mentoring.
Challenge 6: Mentoring and Advice
What Needs to be Done?
Introduce Matching Schemes.
Major Role For Ers Associations. Also Govt.
Oversight of Mentoring by Ers, Govt & Youth.
Voice of Youth Crucial - Not Imposed on them.
Challenge 6: Mentoring and Advice
Next Steps
When Business Is Proven - Challenge Starts
Hard - Too Many Proven Youth Ent.’s Falter
Need to Make Transition - To Become Ers.
Expansion = Real Gains for Community.
Challenge 7: Expanding
Challenge - Taking the Next Step
Additional Assistance Needed At This Point.
Refinancing, Marketing & Distribution Help.
Assistance for First Time Employers.
More Mentoring/Resources At This Point.
Challenge 7: Expanding
What Needs to be Done?
Targeted Schemes For Business Expansion.
Intensive Assistance During This Phase.
Govt Scheme - Ers and Workers to Input.
Learn Lessons from Successful Young Ent.’s
Challenge 7: Expanding
Next Steps
Encourage Trading with Youth.
Encourage Consumers to Buy from Youth.
Young Business Low Quality / Unreliability.
Includes Encouraging Business 2 Business.
Challenge 8: Community Support
Challenge - Mainstreaming Youth Enterprise
Community Promotion - Govt and Ers.
Promotion to Business (Ers Associations).
Promotion to Workers Org. Members.
Recognise Quality/Achievement of Youth Ent.
Challenge 8: Community Support
What Needs to be Done? / Next Steps
Extend Enterprise Support to All Regions.
Benefits of Ent. Should be Universal to Youth
Max Access = Max Benefits to Society
Challenge 9: Opportunities For All Areas
Challenge - Wide Coverage
Business Incubators - All Parties to Pursue
Specific Regional Programs.
Internet = Access for More Young People.
Challenge 9: Opportunities For All Areas
What Needs to be Done? / Next Steps
Many Challenges to Govt / Employers.
But Cannot Ignore Youth Voices - Inappropriate.
Proper Consultation Will Improve All Programs. -
The Bottom Line!
(Also) Vital All Partners Engage This Challenge.
Challenge 10: Involving Young People
Challenge - Integrating Youth Voices