Promoting Youth Entrepreneurship
STUDIO E: Where Youth Entrepreneurs Thrive
Michele Martin
May 20, 2014, 1-2 p.m. (EDT)
ww...
Michele Martin
• Certified Career Development
Facilitator Instructor
• Workforce Development
Consultant & Former HR
Manager...
Agenda
• The Entrepreneurship Imperative
• Expanding Opportunities
• Expanding our Capacity
• The Studio-E Supports/Resour...
The Entrepreneurial Imperative
What’s REALLY Going on?!
Youth Unemployment Rate is High
Not Enough Jobs to Go Around
Not Enough Jobs to Go Around
3 job seekers
for every job
Not Enough Jobs to Go Around
3 job seekers
for every job
Deficit of 9
million jobs
Not Enough Jobs to Go Around
3 job seekers
for every job
Only 24% of employers
will hire “full-time,
permanent” workers
in...
Job Growth Not Keeping Up
Jobs are More Likely Part-time . . .
Or Freelance
By 2020, more than 40 percent of
the American workforce, or 60
million people, will be
freelancers, contracto...
Declining Wages
Declining Wages
Inflation adjusted
wages:
Declining Wages
Inflation adjusted
wages:
•Down 12.7% for
HS grads
Declining Wages
Inflation adjusted
wages:
•Down 12.7% for
HS grads
•Down 8.8% for
College grads
And Technology Is Eating Jobs Too!
And Technology Is Eating Jobs Too!
And Technology Is Eating Jobs Too!
And Technology Is Eating Jobs Too!
And Technology Is Eating Jobs Too!
New Opportunities
Technology
• 3D printers and “Print on
demand”
Technology
• 3D printers and “Print on
demand”
• Online stores--Etsy, CafePress,
etc.
Technology
• 3D printers and “Print on
demand”
• Online stores--Etsy, CafePress,
etc.
• Online payment & mobile
payment options
Techn...
• 3D printers and “Print on
demand”
• Online stores--Etsy, CafePress,
etc.
• Online payment & mobile
payment options
• Onl...
Work
Arrangements
Work
Arrangements
• “Maker’s Spaces”
Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces
Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces
• Co-working
Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces
• Co-working
• Crowd Sourcing
Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces
• Co-working
• Crowd Sourcing
• Worker Co-ops and
Collabor...
Going Mobile!
Going Mobile!
• Trucks, Trailers and Vans
Going Mobile!
• Trucks, Trailers and Vans
• Pop Up Shops
Funding
Funding
• Crowd-funding--Kickstarter,
Indiegogo, etc.
Funding
• Crowd-funding--Kickstarter,
Indiegogo, etc.
• “Just-in-Time” production
Funding
• Crowd-funding--Kickstarter,
Indiegogo, etc.
• “Just-in-Time” production
• The Lean Start-Up model
Microenterprise as a Route to Self-Sufficiency
Microenterprise
• 59% women
• 53% people of color
• 56% with household incomes
at or below 80% of HUD
median income
• 49% ...
Entrepreneurship
Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”
Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”
• Can be a more reliable route to
s...
Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”
• Can be a more reliable route to
s...
Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”
• Can be a more reliable route to
s...
Careers look different now too. .
P
Job=One Way to Bring in Income
Job=One Way to Bring in Income
We Need to be Talking About. . .
Multiple Income Streams
Making a career from . . .
Making a career from . . .
Teens need to find. . .
Teens need to find. . .
We also need to talk about. . .
We also need to talk about. . .
•Structures
We also need to talk about. . .
•Structures
•Skills
We also need to talk about. . .
•Structures
•Skills
•Expectations
We also need to talk about. . .
•Structures
•Skills
•Expectations
•How you find work
We also need to talk about. . .
•Structures
•Skills
•Expectations
•How you find work
•How you manage your work
We also need to talk about. . .
•Structures
•Skills
•Expectations
•How you find work
•How you manage your work
•How you get...
We need to prepare young
people for both options
Teens need. . .
Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency w...
Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency w...
Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency w...
Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency w...
Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency w...
Expanding Our Capacity
Learn new skills
Model
entrepreneurial
thinking & processes
Embrace
organizational
entrepreneurship
Help teens dream and build on passions & strengths
Find the
opportunities in
challenges &
problems
Share examples & make connections
Integrate entrepreneurship into planning & conversations
Learn & teach the “effectual logic” of entrepreneurship
How do you control an uncertain future?
Explore OpenIDEO (ww.openideo.com)
Studio E Resources
•Explore the Studio E website
•Join us for Try It Tuesdays
•Start implementing the ideas with your stud...
Info
www.youthstudio-e.com
michelemmartin@gmail.com
Promoting Youth Entrepreneurship
Promoting Youth Entrepreneurship
Promoting Youth Entrepreneurship
Promoting Youth Entrepreneurship
Promoting Youth Entrepreneurship
Promoting Youth Entrepreneurship
Promoting Youth Entrepreneurship
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Promoting Youth Entrepreneurship

  1. 1. Promoting Youth Entrepreneurship STUDIO E: Where Youth Entrepreneurs Thrive Michele Martin May 20, 2014, 1-2 p.m. (EDT) www.youtube.com/user/MicheleMMartin/live www.youthstudio-e.com
  2. 2. Michele Martin • Certified Career Development Facilitator Instructor • Workforce Development Consultant & Former HR Manager • Small Business Owner • Co-author of State of the U.S. Workforce System: A Time for Incremental Alignment or Serious Reform? • Passionate about entrepreneurship!
  3. 3. Agenda • The Entrepreneurship Imperative • Expanding Opportunities • Expanding our Capacity • The Studio-E Supports/Resources
  4. 4. The Entrepreneurial Imperative
  5. 5. What’s REALLY Going on?!
  6. 6. Youth Unemployment Rate is High
  7. 7. Not Enough Jobs to Go Around
  8. 8. Not Enough Jobs to Go Around 3 job seekers for every job
  9. 9. Not Enough Jobs to Go Around 3 job seekers for every job Deficit of 9 million jobs
  10. 10. Not Enough Jobs to Go Around 3 job seekers for every job Only 24% of employers will hire “full-time, permanent” workers in 2014 Deficit of 9 million jobs
  11. 11. Job Growth Not Keeping Up
  12. 12. Jobs are More Likely Part-time . . .
  13. 13. Or Freelance By 2020, more than 40 percent of the American workforce, or 60 million people, will be freelancers, contractors and temp workers, according to a study conducted by software company Intuit. --Business Insider
  14. 14. Declining Wages
  15. 15. Declining Wages Inflation adjusted wages:
  16. 16. Declining Wages Inflation adjusted wages: •Down 12.7% for HS grads
  17. 17. Declining Wages Inflation adjusted wages: •Down 12.7% for HS grads •Down 8.8% for College grads
  18. 18. And Technology Is Eating Jobs Too!
  19. 19. And Technology Is Eating Jobs Too!
  20. 20. And Technology Is Eating Jobs Too!
  21. 21. And Technology Is Eating Jobs Too!
  22. 22. And Technology Is Eating Jobs Too!
  23. 23. New Opportunities
  24. 24. Technology
  25. 25. • 3D printers and “Print on demand” Technology
  26. 26. • 3D printers and “Print on demand” • Online stores--Etsy, CafePress, etc. Technology
  27. 27. • 3D printers and “Print on demand” • Online stores--Etsy, CafePress, etc. • Online payment & mobile payment options Technology
  28. 28. • 3D printers and “Print on demand” • Online stores--Etsy, CafePress, etc. • Online payment & mobile payment options • Online marketplaces- TaskRabbit, Elance Technology
  29. 29. Work Arrangements
  30. 30. Work Arrangements • “Maker’s Spaces”
  31. 31. Work Arrangements • “Maker’s Spaces” • Shared commercial spaces
  32. 32. Work Arrangements • “Maker’s Spaces” • Shared commercial spaces • Co-working
  33. 33. Work Arrangements • “Maker’s Spaces” • Shared commercial spaces • Co-working • Crowd Sourcing
  34. 34. Work Arrangements • “Maker’s Spaces” • Shared commercial spaces • Co-working • Crowd Sourcing • Worker Co-ops and Collaboratives
  35. 35. Going Mobile!
  36. 36. Going Mobile! • Trucks, Trailers and Vans
  37. 37. Going Mobile! • Trucks, Trailers and Vans • Pop Up Shops
  38. 38. Funding
  39. 39. Funding • Crowd-funding--Kickstarter, Indiegogo, etc.
  40. 40. Funding • Crowd-funding--Kickstarter, Indiegogo, etc. • “Just-in-Time” production
  41. 41. Funding • Crowd-funding--Kickstarter, Indiegogo, etc. • “Just-in-Time” production • The Lean Start-Up model
  42. 42. Microenterprise as a Route to Self-Sufficiency
  43. 43. Microenterprise • 59% women • 53% people of color • 56% with household incomes at or below 80% of HUD median income • 49% at or below 150% of HUD poverty levels SOURCE: US Microenterprise Census
  44. 44. Entrepreneurship
  45. 45. Entrepreneurship • Increases self-esteem and motivation-- “Autonomy, Mastery, Purpose”
  46. 46. Entrepreneurship • Increases self-esteem and motivation-- “Autonomy, Mastery, Purpose” • Can be a more reliable route to self-sufficiency and wealth- building
  47. 47. Entrepreneurship • Increases self-esteem and motivation-- “Autonomy, Mastery, Purpose” • Can be a more reliable route to self-sufficiency and wealth- building • Provides flexibility and opportunity
  48. 48. Entrepreneurship • Increases self-esteem and motivation-- “Autonomy, Mastery, Purpose” • Can be a more reliable route to self-sufficiency and wealth- building • Provides flexibility and opportunity • Improves overall quality of life
  49. 49. Careers look different now too. . P
  50. 50. Job=One Way to Bring in Income
  51. 51. Job=One Way to Bring in Income
  52. 52. We Need to be Talking About. . . Multiple Income Streams
  53. 53. Making a career from . . .
  54. 54. Making a career from . . .
  55. 55. Teens need to find. . .
  56. 56. Teens need to find. . .
  57. 57. We also need to talk about. . .
  58. 58. We also need to talk about. . . •Structures
  59. 59. We also need to talk about. . . •Structures •Skills
  60. 60. We also need to talk about. . . •Structures •Skills •Expectations
  61. 61. We also need to talk about. . . •Structures •Skills •Expectations •How you find work
  62. 62. We also need to talk about. . . •Structures •Skills •Expectations •How you find work •How you manage your work
  63. 63. We also need to talk about. . . •Structures •Skills •Expectations •How you find work •How you manage your work •How you get paid
  64. 64. We need to prepare young people for both options
  65. 65. Teens need. . .
  66. 66. Teens need. . . •To learn about entrepreneurial thinking and decision- making processes-- “Effectual logic”
  67. 67. Teens need. . . •To learn about entrepreneurial thinking and decision- making processes-- “Effectual logic” •Proficiency with technology
  68. 68. Teens need. . . •To learn about entrepreneurial thinking and decision- making processes-- “Effectual logic” •Proficiency with technology •Access to Tools, Spaces and People and Examples
  69. 69. Teens need. . . •To learn about entrepreneurial thinking and decision- making processes-- “Effectual logic” •Proficiency with technology •Access to Tools, Spaces and People and Examples •Opportunities to practice in a safe environment
  70. 70. Teens need. . . •To learn about entrepreneurial thinking and decision- making processes-- “Effectual logic” •Proficiency with technology •Access to Tools, Spaces and People and Examples •Opportunities to practice in a safe environment •High expectations for success
  71. 71. Teens need. . . •To learn about entrepreneurial thinking and decision- making processes-- “Effectual logic” •Proficiency with technology •Access to Tools, Spaces and People and Examples •Opportunities to practice in a safe environment •High expectations for success •To see entrepreneurship as part of their path
  72. 72. Expanding Our Capacity
  73. 73. Learn new skills
  74. 74. Model entrepreneurial thinking & processes
  75. 75. Embrace organizational entrepreneurship
  76. 76. Help teens dream and build on passions & strengths
  77. 77. Find the opportunities in challenges & problems
  78. 78. Share examples & make connections
  79. 79. Integrate entrepreneurship into planning & conversations
  80. 80. Learn & teach the “effectual logic” of entrepreneurship
  81. 81. How do you control an uncertain future?
  82. 82. Explore OpenIDEO (ww.openideo.com)
  83. 83. Studio E Resources •Explore the Studio E website •Join us for Try It Tuesdays •Start implementing the ideas with your students •Share your feedback and ideas with us
  84. 84. Info www.youthstudio-e.com michelemmartin@gmail.com

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