NZCETA. Preparing for a New Entrepreneurial Economy


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Presentation to NZCETA Annual Conference July 2013. The most powerful economic force in the 21st Century will be entrepreneurship, and today's high school students are better placed than ever to take advantage of this. In the past, the entrepreneur has been regarded as an outlier or a misfit in the education system. In the future a much greater proportion of high school students will be considering starting up as a career option, and the system needs to respond to remain relevant.

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NZCETA. Preparing for a New Entrepreneurial Economy

  1. 1. Preparing for a new entrepreneurial economy 2013 NZCETA Annual Conference
  2. 2. What is your image of an entrepreneur?
  3. 3. The child prodigy? Summly. Sold for $30m
  4. 4. he high school drop out? Tumblr. $250m
  5. 5. It’s happening everywhere. Avos. San Mateo, Beijing, Dunedin
  6. 6. In all spheres. Social innovation
  7. 7. And probably in a classroom near you…
  8. 8. What’s going on?
  9. 9. Technology
  10. 10. Innovation generation
  11. 11. NZ needs entrepreneurs
  12. 12. US$30bn gap
  13. 13. Work hard, earn less
  14. 14. Scientific Papers Published Patents Issued New Zealand 1.0 0.03 Finland 1.4 0.26 US 0.9 0.15 Per annum per 1000 of population Great researchers, poor commercialisers
  15. 15. The version of twentysomething womanhood being reflected back at us in 2012 isn’t dressed in Louboutins, busy ball-breaking in boardrooms: she’s eating cereal, in her pants, in her parents’ basement … One [US] survey suggested up to 85% of new graduates in 2011 were likely to move back in with their parents. In the UK, where youth unemployment is at an unprecedented one million, it’s estimated at 27%.” – the Guardian.
  16. 16. We know how to do it
  17. 17. IDEA SEARCH SCALE A start up is not a small version of a large business….. …it is a temporary organisation in search of a repeatable, scalable business model Steve Blank
  18. 18.
  19. 19.
  20. 20. Successful models
  21. 21. Long tail
  22. 22. Crowdsourcing
  23. 23. Collaborative consumption
  24. 24. Unbundled
  25. 25. Freemium
  26. 26. Multi sided platforms
  27. 27. Recalibrating our image of the entrepreneur
  28. 28. “If you’ve got them by the balls, their hearts and minds will follow.” “There is no passion to be found playing small - in settling for a life that is less than the one you are capable of living.” The hero
  29. 29. The geek
  30. 30. Lone wolf Collaborative Tenacious Resilient Resourceful Omniscient Visionary Purposeful Goal oriented High EQ Win lose negotiator Win win negotiator Continuous learner Force of idea Focus on customer High charisma 21st century entrepreneur20th century entrepreneur
  31. 31. we can’t ignore them anymore
  32. 32. Encouraging an entrepreneurial mind-set
  33. 33. Enterprise pathways Secure Want a career Independent Want to forge their own future Innovative Want to ‘change the game’ Inventive Want to invent and discover Start and run a business using proven business models Start something using new business models and/or new products or services Research/invent new ideas, products, services that other people utilise Take position within stable industry Take position within young company or dynamic industry Buy stake in a franchise or existing business
  34. 34.
  35. 35. Entrepreneurship is a philosophy not a course - Ricardo Sousa
  36. 36. Start with problems
  37. 37. Wherever there’s a trend….
  38. 38. “don't visualize success, do care what others think, and always sweat the small stuff" ….there’s a counter trend
  39. 39. Learn to evaluate ideas
  40. 40. Develop a Masterchef mentality
  41. 41. Find your tribe
  42. 42. Trial and learn, trial and learn
  43. 43. Above all.....Just do it
  44. 44. Thank you