Entrepreneurship, Entrepreneurship, the missing ‘E’ in the missing ‘E’ in

NEETNEET

Melanie Windle

The Demographic GapThe Demographic Gap

Young  people (aged 18-24) are five times more likely to be unemployed than starting their own business.

More than twice as many men start business in the UK as women (2009, approximately 1.5 million men and 650,000 women started a business). 

The Ambition GapThe Ambition Gap

50% of the population wants to start a business but only 5.8% are actually in the process of starting a business.

A rise in 1% in self-employment in the UK would boost the UK’s GDP by around 1.5% and make up for the effect of the government cuts on GDP over the next two years. 

The Skills GapThe Skills Gap

Enterprise education doubles the chances of business success but enterprise is still not a staple of the education system - in schools, colleges and universities.

What is an What is an Entrepreneur?Entrepreneur?‘Entrepreneur’ is derived from the

French entreprendre which means to undertake.

Entrepreneurs identify and create opportunities of an economic nature, and or of recognised value for themselves and others.

Entrepreneurs create motivation though innovation on ideas, products and services.

“Economic growth is triggered by increased jobs or increased productivity. It is young business that create the new jobs, and which generate the innovation that increases productivity.”Doug Richard – BBC Dragons’ Den and founder School for Startups

Entrepreneurship Myth Entrepreneurship Myth BustingBusting1.Contradict the myth that

entrepreneurs are born and not made!

2.Shatter the myth that entrepreneurship is a solo activity!

3.Break the stereotype, that of the typical entrepreneur!

4.Challenge the notion that entrepreneurship is only about profit!

5.Question the idea you need lots of money to start a business!

“Education will play a central role in boosting Britain’s enterprise. However, it must be vocational. It can’t just be boring lectures, it has to actually be something young people can relate to and really get involved in.”Ben Ramsden – founder, Pants to Poverty

What does an What does an Entrepreneurship Entrepreneurship

programme for NEETs programme for NEETs look like?look like?

Two possible options:

Everyone’s An Everyone’s An EntrepreneurEntrepreneur

Designed to shatter those stated myths.

An entrepreneurship curriculum designed to facilitate a team to create a short term business that provides real return to all the shareholders.

No qualifications needed to participate and achieve.

Can be easily linked to key skills and personal achievement qualifications.

The Unique Selling Points The Unique Selling Points of Everyone’s an of Everyone’s an EntrepreneurEntrepreneur25 fully participative activitiesCurriculum suitable for all ages, levels

and experience Easily understood curriculum that has

flexible deliveryIts for real – not a simulation

their money, their profit

Needs minimal resources and technology

Case StudiesCase StudiesBig Issue vendors

aged 25-34

Starting Out Projectaged 16-19 young offenders

Crowcroft Park Primary Schoolaged 10-11 year 6 children

The National Enterprise The National Enterprise AcademyAcademy

BTEC Diploma in Enterprise and

Entrepreneurship Level 2 (equivalent to 4 GCSE’s A*-C)

Level 3 (equivalent to 2 A Levels)

Level 2 BTECLevel 2 BTECIdentify a viable business idea and

develop the vision Researching the market, financial

modelling, create a full business plan and pitching to investors.

Learn more about yourself, and how to develop an entrepreneurial mindset.

You'll interact with both national and local entrepreneurs, working on a range of business challenges, both within teams and as an individual.

Level 3 BTECLevel 3 BTECSupport in setting up and running a micro

business for a period of at least four months. Learn business planning and finance, how to

set up a supply chain, communicate with your customers, monitor the performance of your business, and plan for future expansion.

Learn how to develop an entrepreneurial mindset.

Interact with both national and local entrepreneurs, working on a range of business challenges.

Work closely with a local business, spending time in a number of different departments, and working on real business issues agreed with the employer.

“Entrepreneurs will play a crucial role in the recovery for three reasons. One, they are job creators. Two, by their very nature they are problem solvers. And three, they are instigators and capable of bringing together very different sorts of people to share ideas, and again solve problems.”Oli Barrett – founder, The Daily Networker

“Our approach to education as a whole requires a complete rethink, and entrepreneurialism needs to be promoted as soon as viable in the curriculum.”Lara Morgan – founder, Fun-ctionality

ResourcesResourcesGlobal Enterprise Week

http://www.gew.org.ukPrince’s Trust

http://www.princes-trust.org.ukYoung Enterprise

http://www.young-enterprise.org.ukThe National Enterprise Academy

http://www.thenea.org/Peter Jones

http://www.peterjones.tvEntrepreneurship Educators Forum

http://www.entre-ed.org

http://www.thenea.org/docs/prospectus.pdfhttp://www.gew.org.uk/educationresourceshttp://www.gew.org.uk/sites/default/files/Make_A_Job_Dont_Take_A_Job_Report_Global_Entrepreneurship_Week.pdf

Everyone’s An Everyone’s An EntrepreneurEntrepreneur

The Facilitator’s Guide is available at:www.achievingpotential.org.uk

Visit also www.everyones-an-entrepreneur.com