The Future Belongs to the Entrepreneur

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Learn the role entrepreneurs play in our economy today and why young people are falling out of the system in droves. College is not the golden ticket it once was. With 80% of college graduates working …

Learn the role entrepreneurs play in our economy today and why young people are falling out of the system in droves. College is not the golden ticket it once was. With 80% of college graduates working in fields they didn't study and paying down an average of $30K in student debt, we are losing a generation before they have a chance to be innovative. We need problem solvers to clean up severe global issues. Supporting entrepreneurs while they are still in school with tools and mentoring to help them bypass the many pitfalls that prevent them from starting their own business is the topic of this slideshare.

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  • 1. • Fiscal crises in key economies • Structurally high un/underemployment • Water crises • Severe income disparity • Climate change mitigation and adaptation • Extreme weather events • Food crises • Failure of major financial institutions • Profound political and social instability A Brave New World: Why The Future Belongs to the Entrepreneur!
  • 2. • Fiscal crises in key economies • Structurally high un/underemployment • Water crises • Severe income disparity • Climate change mitigation and adaptation • Extreme weather events • Food crises • Failure of major financial institutions • Profound political and social instability The World Has Changed We cannot continue to do things the same way and expect different results… Common core education standards are insufficient in this new world… 30-year retirement with one company is a thing of the past for most…
  • 3. 1. Fiscal crises in key economies 2. Structurally high un/underemployment 3. Water crises 4. Severe income disparity 5. Climate change mitigation and adaptation 6. Extreme weather events 7. Global governance failure 8. Food crises 9. Failure of major financial institutions 10.Profound political and social instability 10 greatest threats facing the world -2014 World Economic Forum
  • 4. Entrepreneur en·tre·pre·neur (äntrəprəˈno͝ or,-ˈnər/) n. someone who organizes a business venture and assumes the risk for it From Old French, from entreprendre, “to undertake” or “to take on”
  • 5. Entrepreneurs and our Economy • Entrepreneurs create 75% of all new jobs (Small Business Administration) • Microenterprises represent 15% of the U.S. economy and 90% of the businesses located in the poorest areas of the 100 largest U.S. cities. (Small Business Administration) • America needs to create a NET 21 million new jobs by 2020 in order to return full employment (McKinsey Global Institute)
  • 6. Students and our Economy • Today, 2.4 million college graduates can’t find jobs in their field of study. That's a whopping 80% of all college grads. (U.S. Dept of Labor Statistics) • While the nation’s unemployment wavers at 10%, it’s nearly 20% for young adults (U.S. Dept of Labor Statistics) • 54% of the Millenials (18-34 year olds) would like to start their own business. Only 11% of the Millenials plan on doing so in 2012. (Kauffman Foundation)
  • 7. It’s Not Just About College…
  • 8. High School Students • By the end of today 3,287 students will drop out of high school. That’s 1.2 million per year or one every 9 seconds. (Education Week) • 75% of state prison inmates are high school dropouts. (Alliance for School Choice) • 81% of dropouts say they would have stayed in school if subject matter were more relevant to real life. (NFTE)
  • 9. High School Entrepreneurs • 7 out of 10 high school students want to start their own companies. (Gallup) • Less than 25% of high school students are offered a business or entrepreneurial course by the time they graduate. (Gallup)
  • 10. A New Motivation “Follow Your Passion”
  • 11. https://www.youtube.com/watch?v=6zdtdPCOsw4
  • 12. https://www.youtube.com/watch?v=6zdtdPCOsw4 How Can We Help?
  • 13. We Know… Entrepreneurs must wear lots of hats 60%+ companies fail within first 5 years These entrepreneurs don’t have a college degree
  • 14. We Infer… Starting a business is easier before: • Student debt (71%) graduates • At an average of $29,400 • Marriage • Children • Mortgage • Health Issues • Family Deaths Young people most ideal entrepreneurs
  • 15. B.A.S.E. Camp Curriculum: ~ Initial Idea (Business Model) ~ Interpersonal Skills (Professionalism & Communication) ~ Design & Technology (Product Development) ~ Basic Finance & Legal Work (Business Skills) ~ Marketing Strategies (Web, Social Media, Advertising) ~ Presentation Skills (Sales Pitch, Final Presentation) Students have access to: ~ Mentors & Industry experts ~ Publicly present their business ~ Scholarship money ~ A real-world marketplace
  • 16. Connecting People, Technology, and Capital to Drive Innovation Office: ​100 E. Main St. Suite A Medford, OR 97504​ ​Mail: ​PO Box 1075 Medford, OR 97504​ Desk: (541) 414-0000 ​Cell: (541) 646-8649 www.svtg.org info@svtg.org