Presentation on Youth

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Presentation on Youth

  1. 1. THE ROLE OF YOUTH & FINANCE IN MSME DEVELOPMENTEleventh Commonwealth-India Small Business Competitiveness Development Programme
  2. 2. Youth Enterprises Are The Key To Building a Better World The Role NGO’s and Self Help Groups need to play in MSME DevelopmentEleventh Commonwealth-India Small Business Competitiveness Development Programme
  3. 3. If I said the word Australia What would be the first picture in your head?Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  4. 4. Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  5. 5. Now if I asked you to think of Sydney What would that be the first picture in your mind?Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  6. 6. Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  7. 7. Physically both Sydney and Australia are in the same geography But in your mind they are in two different placesEleventh Commonwealth-India Small Business Competitiveness Development Programme
  8. 8. The point I am making is that there is a far greater connect between cities than countries And the Youth are Talking! London – Paris – New York Singapore – Shanghai – Mumbai Jakarta – Beijing - BangkokEleventh Commonwealth-India Small Business Competitiveness Development Programme
  9. 9. There is far more Connectivity Between Youth than is realizedEleventh Commonwealth-India Small Business Competitiveness Development Programme
  10. 10. Global Trends impacting needs and wants – World Citizens are busy. They want things easy to buy and understand – Increasingly people want convenience and speed of operation – Citizens are looking for healthy foods and products to reduce ageing – People today are somewhat more aware of environmental issues – People do extensive research and sometimes know more about the products than their retailer – This time around people are spending less since the global financial crisesEleventh Commonwealth-India Small Business Competitiveness Development Programme
  11. 11. Global Trends impacting needs and wants Dictating what and where will be bought: – RFIDs continue to increase in retail application – Customer Centricity reemphasizes ‘made for me products’ but also increasing merging of sectors (books + cafe) – World population will be increasingly represented by ageing Baby Boomers and Generation Y (for this discussion I will limit to Singapore Statistics)Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  12. 12. Singapore Population is Ageing Resident Population Old Age Support Ratio Life Expectancy at Birth Continues to Grow is Reducing is IncreasingEleventh Commonwealth-India Small Business Competitiveness Development Programme
  13. 13. LFPR Will Continue to Rise Age Pyramid Labor Force Participation Rate http://www.singstat.gov.sg/stats/visualiser/population/population.htmlEleventh Commonwealth-India Small Business Competitiveness Development Programme
  14. 14. Singapore just like Most CitiesEleventh Commonwealth-India Small Business Competitiveness Development Programme
  15. 15. The Singapore Statistics favor Youth Start-ups • GDP up 10.6% in 3Q2010 • CPI up 3.5% in Oct 2010 • Total Trade up 15.0% in Oct 2010 • Index of Industrial Production up 31.0% in Oct 2010 • Retail Sales up 0.3% in Sep 2010 • Total Population was 5.08 million in Jun 2010 • Employment was 3.08 million in Sep 2010 • Unemployment Rate (SA) was 2.1% in Sep 2010Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  16. 16. Timing is Ripe for focus on Youth Businesses Pre-financial crises corporations were all about: – Consolidating for bigger market shares – Commanding bigger geographic footprints – They were mostly concerted on diversification: – Short-term gainsEleventh Commonwealth-India Small Business Competitiveness Development Programme
  17. 17. Timing Is Ripe for focus on Youth Business’ Post-crises it is now about: – Having braved the worst – Appreciation for more accountability and less complication – Having less time now consumers never want to be treated in the same way – Public consensus is in search of a fair deal and sustainability – Public questions corporate social missionsEleventh Commonwealth-India Small Business Competitiveness Development Programme
  18. 18. Investment in Youth Businesses The recent world-wide economic crises has helped consolidated consumer and business convention Paving the way for A New Wave of Business EnterpriseEleventh Commonwealth-India Small Business Competitiveness Development Programme
  19. 19. “Keep the money local” attitude The fundamental attitudinal change we need to achieve mindset mentality mind-set outlookEleventh Commonwealth-India Small Business Competitiveness Development Programme
  20. 20. “Keep the money local” attitude If we imagine the any economy to be a bucket with money pouring in from various sectors Then it makes good sense for us: – To make sure that we minimize leaks outside our economy – To ensure that within this economy the money changes hands as many times as possible Encouraging local expenditure provides jobs and income for Singapore • Ensuring a secure longer term future for local economiesEleventh Commonwealth-India Small Business Competitiveness Development Programme
  21. 21. Benefits of developing Youth Business • Building local economy • Ensuring local jobs • Protecting home-grown character and prosperity • Saving time, money and local environment • Ensuring local product diversity • Protecting local servicesEleventh Commonwealth-India Small Business Competitiveness Development Programme
  22. 22. The Youth Business Is a Country InvestmentEleventh Commonwealth-India Small Business Competitiveness Development Programme
  23. 23. The Organizational Difference the Youth Business Programs must Preserve Structure Values with Single vary with Bottom Line people Youth Business Structure with Youth Business Youth: Board & Regular Business Goals & Manageme -nt (NGO.) In youth business the kids grow up and Values leave but the fundamentals prevail. Imbedded In all cases the structure must support the original goals and valuesEleventh Commonwealth-India Small Business Competitiveness Development Programme
  24. 24. Youth Business Strategy requires support Social Goals Commercial Success Competitive AdvantageEleventh Commonwealth-India Small Business Competitiveness Development Programme
  25. 25. If Youth Business is to be successful Governments & NGO’s Role Need to promote and develop Youth Business as sustainable enterprises that address Social and Economic needs through the principle of self and mutual help so as to foster a more resilient society STRATEGIC INTENT Elevate & Establish Youth Business by dominating society mindshare and perceptionsEleventh Commonwealth-India Small Business Competitiveness Development Programme
  26. 26. The Sequence of Shifts the Movement and Program must Evolve Youth Business Youth Business operating on a as a tangible Youth Business connective business resource a jump start network City-City In each CityEleventh Commonwealth-India Small Business Competitiveness Development Programme
  27. 27. The Audiences the Program Program must Impact All Known Youth Youth Business Business Members Industry’s Where Youth YOUTH Business Exist BUSINESS NGO Singapore Public Youth Social International Enterprises PublicEleventh Commonwealth-India Small Business Competitiveness Development Programme
  28. 28. 4 Young Entrepreneurs 1 Dream 2.5 Million Singapore Dollars No. 4 ?Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  29. 29. Spring Singapore • Financing Schemes – Business Angel Funds (BAF) – SPRING Startup Enterprise Development Scheme (SPRING SEEDS) – Technology Enterprise Commercialisation Scheme (TECS) – Young Entrepreneurs Scheme for Start-ups (YES! Start-ups) http://www.spring.gov.sg/Entrepreneurship/FS/FS/Pages/young-entrepreneurs-scheme-start-ups.aspxEleventh Commonwealth-India Small Business Competitiveness Development Programme
  30. 30. 174 Start-Ups Receive Seed Funding Help THE Government last year committed over $10 million to help invest in more than 20 start- ups under Spring Singapores Start-up Enterprise Development Scheme (Seeds). That brings to 174 the total number of firms that have received funding support through Seeds since it was introduced in 2001. So far, more than half of the $110 million set aside for Seeds has been allocated to local start-ups, as part of efforts to groom globally competitive companies by providing vital early funding. According to enterprise development agency Spring Singapore, 20 Seeds start-ups have since been able to generate over $1 million a year in revenue.Eleventh Commonwealth-India Small Business Competitiveness Development Programme
  31. 31. Thank you for your kind attention Please do allow me introduce the first of our speakers this morning Mr. B N Das Chief Executive Officer Orissa Rural Development & Marketing SocietyEleventh Commonwealth-India Small Business Competitiveness Development Programme

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