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Entrepreneurship the missing E in NEET

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Promoting entrepreneurship for young people who are not in education, employment or training (NEET). Introducing a facilitator's guide to working with a group to create a profitable business.

Promoting entrepreneurship for young people who are not in education, employment or training (NEET). Introducing a facilitator's guide to working with a group to create a profitable business.

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  • 1. Entrepreneurship, the missing ‘E’ in NEET
    • Melanie Windle
  • 2. The 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). 
  • 3. The 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. 
  • 4. The 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.
  • 5. What is an 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.
  • 6.
    • “ 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
  • 7. Entrepreneurship Myth Busting
    • 1.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!
  • 8.
    • “ 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
  • 9. What does an Entrepreneurship programme for NEETs look like?
    • Two possible options:
  • 10. Everyone’s An Entrepreneur
    • 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.
  • 11. The Unique Selling Points of Everyone’s an Entrepreneur
    • 25 fully participative activities
    • Curriculum suitable for all ages, levels and experience
    • Easily understood curriculum that has flexible delivery
    • Its for real – not a simulation their money, their profit
    • Needs minimal resources and technology
  • 12. Case Studies
    • Big Issue vendors
    • aged 25-34
    • Starting Out Project
    • aged 16-19 young offenders
    • Crowcroft Park Primary School
    • aged 10-11 year 6 children
  • 13. The National Enterprise Academy
    • BTEC Diploma
    • in Enterprise and Entrepreneurship
    •  
    • Level 2 (equivalent to 4 GCSE’s A*-C)
    • Level 3 (equivalent to 2 A Levels)
  • 14. Level 2 BTEC
    • Identify 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.
  • 15. Level 3 BTEC
    • Support 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.
  • 16.
    • “ 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
  • 17.
    • “ 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
  • 18. Resources Global Enterprise Week http://www.gew.org.uk Prince’s Trust http://www.princes-trust.org.uk Young Enterprise http://www.young-enterprise.org.uk The National Enterprise Academy http://www.thenea.org/ Peter Jones http://www.peterjones.tv Entrepreneurship Educators Forum http://www.entre-ed.org http://www.thenea.org/docs/prospectus.pdf http://www.gew.org.uk/educationresources http://www.gew.org.uk/sites/default/files/Make_A_Job_Dont_Take_A_Job_Report_Global_Entrepreneurship_Week.pdf
  • 19. Everyone’s An Entrepreneur The Facilitator’s Guide is available at: www.achievingpotential.org.uk Visit also www.everyones-an-entrepreneur.com

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