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Engaging Entrepreneurial Young People . Craig Schroeder Senior Associate. February 21, 2008 Indiana HTC Academy. Agenda:. Making the Case Engaging ‘E’ Young People System for Youth Engagement Models and Resources Next Steps for Your Community.
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Engaging Entrepreneurial Young People Craig SchroederSenior Associate February 21, 2008 Indiana HTC Academy
Agenda: • Making the Case • Engaging ‘E’ Young People • System for Youth Engagement • Models and Resources • Next Steps for Your Community
Critical Issues • Generational Wealth Transfer • Historical Youth Out-Migration Trends • Loss of Farms, Industry and Small Businesses • Erosion of Leadership and Civic Capacity
Gallup Poll Results Seven out of 10 (69%) high-school students are interested in starting their own business, but 86% rated themselves as very poor to fair on their knowledge of business and entrepreneurship. 85% of these students thought it was important or very important to receive entrepreneurship education in schools. Gallup Organization, Inc. 1994
Sampling of Youth Survey Results Survey of all high school (9-12) students, 2005-06
More Youth Survey Results Survey of all JH and HS (7-12) students, 2007
New Opportunities • Entrepreneurship • Information Technology • Biotechnology • Youth Perspectives • Family and Community • Quality of Life and Civic Engagement • Entrepreneurship – a preferred career path
Youth Are Critical to Rural Vitality! • 3:1 positive impact upon population • Long-term business and career goals • Educated workforce for expanding businesses • Substantial consumers of goods and services • New energy, skills, ideas and resources • Support and use public institutions • Retention of local generational wealth
Targeting Youth “E” Talent… Youth currently in your community may well represent your greatest resource for economic growth and community sustainability. The challenge is to: engage these youth, equip them with the skills and knowledge to be successful, and then support them and their enterprising ventures.
Exercise: Youth Engagement Community Capacity Questionnaire
How do communities involve youth? Do to Youth Do for Youth Do with Youth Skateboard Zoning Trash Cleanup Focus on Stars and Ignore Other Youth Teen Center College Scholarships Tell Youth the Right Way to Do Things Youth Events Decision Making Listen and Support Youth Discovery
Tools for Youth Engagement • Listening and encouraging by adults • Scholarships and apprenticeships • Personal finance education • Micro-lending fund • Business incubator and support services • Peer networks and adult mentors • Generational Business Transfer
Identifying E-Youth • May not immediately come to mind • Can be introverted to very engaging • Creative and enjoy experimenting • May find them in the workshop or craft room • May not be high academic achievers • Often have one or more micro-businesses • May talk about markets more than sports, etc. • Usually know they are wired differently (1:10)
Young Adult ‘E’ Indicators • Own a business or express this desire • Have a micro-business on the side • Might find them drawing ideas on napkins • Engaged in creative hobbies – talent or gift • May be involved in non-profit or civic roles • Taking a marketing class at an area college • Come up with creative ways to solve problems • May have put their dream on the back burner
Youth Engagement System Entrepreneurial Education & Career Development Equip Engage Youth Involvement & Leadership in Community Community Support of Youth & Enterprises Support
Models… …Putting All the Pieces Together!
Two HTC Case Studies… Knox County Valley County
Case Study #1: Knox County
Youth Chamber of Commerce Invitation to Get Involved! Thinking Outside the Box Event Inventors Club Individual Project Community Foundation Group Project Leadership Quest Business Project 11th Grade Summer E-ship Program Nebraska Business Development Center Community College Campuses Host Communities Community Focused
Case Study #2: Valley County
Ord’s Young Entrepreneur Fair The Vision: 100’s of Young Entrepreneurs! Nancy Glaubke Business Development Coordinator
Resources: • Innovation Center Tool Kit for Youth & Adults In Charting Assets & Creating Change (Formerly part of National 4H Council) www.theinnovationcenter.org • Consortium for Entrepreneurship Education Clearinghouse of entrepreneurship education resources www.entre-ed.org • The Rural School and Community Trust Resources for rural schools and community-based learning www.ruraledu.org • EntrepreneurShip Investigation (ESI) Project oriented curriculum for middle-school age youth 4h.unl.edu/esi
Local Resources: • Teachers • Youth Program Leaders • Young Adults • Successful Entrepreneurs • Parents and Grandparents • Service Providers • Volunteers
Mobilizing the Community • Find Several Champions • Engage School Administration Early • Look for Youth Organization Partner(s) • Core Mobilization Team: Youth and Young Adults School Administration and Key Faculty Youth Organization Leaders
Vehicles to Consider • 4H • Jr. Achievement • FFA, FCCLA, FBLA, DECA • Young Adult Groups • Community Organizations
Center Resources • Center for Rural Entrepreneurship www.energizingentrepreneurs.org • RUPRI www.rupri.org craigs@neb.rr.com