Youth Employment - Day 3

1. Youth Employment - Day 3 Promoting Entrepreneurship Priorities and Practical Measures

2. 1. Viable Finance 2. Identifying Opportunities 3. Enterprise Education 4. (Plus) Supporting Dropouts 5. Supportive Regulation Promoting Entrepreneurship 10 Issues / Challenges

3. 6. Mentoring/Advice 7. Supporting Expansion 8. Community Support 9. Opportunities For All Areas. 10. Involving Young People Promoting Entrepreneurship 10 Issues / Challenges (2)

4. Young need capital assistance. Capital Must Be Sufficient for viable start up Proper Capital Makes Self Employment Accessible to More Young People. Challenge 1:Securing Viable Finance Challenge - Bang for the Buck!

5. Ensure sufficient capital is available. Assist young people in accessing capital Provide more flexible capital sources/options. Relaxed guarantee and asset requirements. No 1 source - need more/multiple $ sources Challenge 1:Securing Viable Finance What Needs to be Done?

6. Challenge to Govt and Ers in particular. Re-examine capital access of young people. Give Practical aid/advice in accessing capital Influence lenders for effective youth access Broker joint funds for young entrepreneurs. Challenge 1:Securing Viable Finance Next Steps

7. Young people need viable self-employment. Need niches / avoid crowded markets. Innovation needs new markets/products. Need most effective use of available capital. Challenge 2:Identify Ent. Opportunities Challenge - Picking Winning Industries

8. Direct Youth into Best enterprises for their society - e.g. ICT The most viable industries - ensures capital is invested most effectively. Challenge 2:Identify Ent. Opportunities What Needs to be Done?

9. Challenge to Govt and Ers in particular. Must Harness Employer Market Knowledge Identify and Publicise Niches. Identify and Publicise Agreed Priority Areas. Challenge 2:Identify Ent. Opportunities Next Steps

10. 4 Dimensions of Education: 1. Practical Enterprise Skills 2. Business/Commercial/Finance Skills 3. Life/Maturity Skills 4.Managerial Skills - To Become Better Ers. Challenge 3:Enterprise Education Challenge - Creating Enterprise Capacity

11. Review / Create Enterprise Curricula Develop Practical & Effective Business Competencies for Students / Graduates Business and Employment Ready Graduates Also Enhances Employability Challenge 3:Enterprise Education What Needs to be Done?

12. Challenge to Education Admin and Schools Employers: Identify the basics of running a business. Help Develop Business Competencies / New Educational Standards Challenge 3:Enterprise Education Next Steps

13. Dropouts can also be source of innovation. Enterprise Can Offer A Second Chance. Dropouts must also have access to Entrepreneurship Support / Programs. Challenge 4:Integrating Dropouts Challenge - Not Leaving People Behind

14. Young Ent Often Unusual / Groundbreaking Young Ent Often Informal / Unregulated May Fall Foul of Many Regulations / Laws Must Facilitate Ent & Still Protect Society Challenge 5:Supportive Regulation Challenge - Reducing Barriers

15. Identify Regulatory Barriers Question/Review Regulation Affecting Youth Pursue Opportunities to Reconcile/Amend Inform Youth Of Regulatory Obligations Challenge 5:Supportive Regulation What Needs to be Done?

16. Gather Info/Experiences From Young Ent.’s Reform Partnership With Government. Regular Consultation of Youth & Regulators. Problem Solving Not Prohibition Approach. Challenge 5:Supportive Regulation Next Steps

17. Running A Business Is Hard - Help is Vital Employers Have Expertise / Experience. Can Help Through Challenges to Increase Youth Enterprise Success. Challenge 6:Mentoring and Advice Challenge - Expert Guidance & Support

18. Marketing & Distribution Advice is Crucial Facilitate Meeting of Ers and Youth Ent. Mentor Matching is Important. Need Admin/Practical Support for Mentoring. Challenge 6:Mentoring and Advice What Needs to be Done?

19. Introduce Matching Schemes. Major Role For Ers Associations. Also Govt. Oversight of Mentoring by Ers, Govt & Youth. Voice of Youth Crucial - Not Imposed on them. Challenge 6:Mentoring and Advice Next Steps

20. When Business Is Proven - Challenge Starts Hard - Too Many Proven Youth Ent.’s Falter Need to Make Transition - To Become Ers. Expansion = Real Gains for Community. Challenge 7:Expanding Challenge - Taking the Next Step

21. Additional Assistance Needed At This Point. Refinancing, Marketing & Distribution Help. Assistance for First Time Employers. More Mentoring/Resources At This Point. Challenge 7: Expanding What Needs to be Done?

22. Targeted Schemes For Business Expansion. Intensive Assistance During This Phase. Govt Scheme - Ers and Workers to Input. Learn Lessons from Successful Young Ent.’s Challenge 7:Expanding Next Steps

23. Encourage Trading with Youth. Encourage Consumers to Buy from Youth. Young Business  Low Quality / Unreliability. Includes Encouraging Business 2 Business. Challenge 8:Community Support Challenge - Mainstreaming Youth Enterprise

24. Community Promotion - Govt and Ers. Promotion to Business (Ers Associations). Promotion to Workers Org. Members. Recognise Quality/Achievement of Youth Ent. Challenge 8:Community Support What Needs to be Done? / Next Steps

25. Extend Enterprise Support to All Regions. Benefits of Ent. Should be Universal to Youth Max Access = Max Benefits to Society Challenge 9:Opportunities For All Areas Challenge - Wide Coverage

26. Business Incubators - All Parties to Pursue Specific Regional Programs. Internet = Access for More Young People. Challenge 9:Opportunities For All Areas What Needs to be Done? / Next Steps

27. Many Challenges to Govt / Employers. But Cannot Ignore Youth Voices - Inappropriate. Proper Consultation Will Improve All Programs. - The Bottom Line! (Also) Vital All Partners Engage This Challenge. Challenge 10:Involving Young People Challenge - Integrating Youth Voices