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Practical examples and possibilities in promoting youth entrepreneurship Epp Vodja JA Eesti. Junior Achievement Estonia. NGO delivering programmes for educating young entrepreneurial people in (for) Estonia. Member of JA-YE Europe (42 countries) and JA Worldwide. JA Eesti in Estonia.
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Practical examples and possibilities in promoting youth entrepreneurshipEpp VodjaJA Eesti
Junior Achievement Estonia NGO delivering programmes for educating young entrepreneurial people in (for) Estonia. Member of JA-YE Europe (42 countries) and JA Worldwide
The Best practices against youth unemployment • Student Company • Job Shadow Day • Entrepreneurship education from early childhood
European Commission, 2005 Student company programme is one of the best tools for educating young entrepreneurial generation.
Student Company programme in Estonia1992 – 2 2011 – 150 2012 - 200?
What is a Student Company - Active Learning programme – real business simulation; - Good tool for getting knowledge – but more important: - learning teamwork and leadership - experiencing responsibility - obtaining self-confidence - discovering new features in people…. - FUN, FUN, FUN
Student Company in Estonia • Part of a lesson or extracurricular activity • Voluntary or mandatory • The whole class or in small groups What is different in Estonia • Also outside of school
Facilitators Teacher – teaches, gives directions, follows the process, says NO…, helps out of holes Business consultant – role model, relates to real business, mentor.
What is it all about? 1.Launching a company2. Drawing a business plan (KISS)3. Running a company 4. Closing a company
Launching - Choosing a product or a service- Deciding about management- Choosing a name - Allocation of responsibilities - Deciding about the need for capital - Registration in JA Estonia
Business plan Business idea What? Whom? How? Market research Customers? Competitors? SWOT Budget, profit and loss forecast Risk analysis
Running the SC Production or delivering a service Supplying (cheap material!!!) Marketing Selling Teamwork Accounting PR and work with employees, Time planning, etc
Closing Conclusions Final report Profit allocation or – covering the loss? Closing Certificate from JA Estonia
FUN? • Regional trade fairs (ca 6-7) • Annual JA Estonia Trade Fair in Tallinn Kristiine Shopping Centre (2011 – 94 SCs) • Student Company Competition • Conference for international SC-s • Training sessions in management, marketing, accounting, presentation skills.
Foreign relations JA Estonia is a member of JA-YE Europe Trade fairs in other countries European SC trade fair (2012 in Switzerland) European SC competition Enterprise without Borders program
Our top is the top • 2003 STAFF(Paide Ühisgümnaasium)– III in European competitions in Londonis • 2004 R@(Tsirguliina)– II in Malta • 2006 Volli –II Switzerland • 2007 GLOVE –IIin Berlin • 2009 Roheline Jälg (Touch of Green) I in Rotterdam
Tänan tähelepanu eest! Epp Vodja
What is it all about? (Results in UK during 40 years) • Alumni of student companies creates twice as many businesses as their peers 14 % versus 7 % • They manage more their own companies. • 29 % of them have been in entepreneurs. • In age18 -21: SC - 16 %, RG-3 % • In age 30-40: SC- 32 %, RG 18 %
Results in Estonia We have Karoli Hindriks and Sten Saar: traffic reflectors and copybooks with formulars (sold in 5 European countries). Both say: we did not dare to think about business before.
A good tool against unemployment • Matheco – 2 different companies created • Easier to get job • Winners get benefits for going to universities
More often Alumni of SC programme create their business in the field they have studied after graduating their studies
More important • Self confidence and new perspectives
We still need our own research • Short period • Lack of money
Job Shadow Day • One shadow to one person • One day Purpose: to get an insight to the future job
Benefits from JSD For a student • Knowledge (what is the day like) • Relations • Real job offer For a company • Marketing • Feedback • Employees
Thank you for your attention! epp@ja.ee