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THINK ENTREPRENEURS: A Call to Action

THINK ENTREPRENEURS: A Call to Action. Integrating Entrepreneurship into the Public Workforce System Throughout America This report was made possible through Grant # MI-17624-08-60-A-39 from the Department of Labor/ Employment Training Administration. Consortium for Entrepreneurship Education.

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THINK ENTREPRENEURS: A Call to Action

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  1. THINK ENTREPRENEURS:A Call to Action Integrating Entrepreneurship into the Public Workforce System Throughout America This report was made possible through Grant # MI-17624-08-60-A-39 from the Department of Labor/ Employment Training Administration

  2. Consortium for Entrepreneurship Education www.entre-ed.org National Organization bringingEducational Agencies and Leaders Together To Build the Field of Entrepreneurship Education

  3. The Consortium for Entrepreneurship Education Mission: Accelerating Entrepreneurship Everywhere! • Website to provide resources for teachers www.entre-ed.org • Newsletter and Magazine – Future CEO Stars featuring programs of members • National FORUM/Conference to provide professional development for teachers/program designers – November- Norfolk • National Content Standards released June 2004 • National Standards of Practice released in June 2006 • Leading education partner of annual National Entrepreneurship Week February 20 – February 27, 2010 www.nationalEweek.com

  4. Consortium for Entrepreneurship Education - Received a grant to look at the Public Workforce System and determine how self-employment and entrepreneurship options could be enhanced as services to the unemployed - CEE acknowledges the opportunity to examine the system and make recommendations for reinforcing opportunities for the many unemployed in our society in 2009 and the future

  5. The 2008 Gallup World PollDiscovered … • “What the whole world now wants is a ‘good job’” • Earlier those surveyed reported they desired love, money food, shelter, safety, and/or peace as paramount • “Good Job” is evolving also because the social contract between big companies and employees has changed – people are now sacrificing old certainties for new risks and opportunities in their own hands

  6. The Changing State of the Economy • Unemployment in the United States is at a 26-year high (9.4 percent in June 2009), as businesses seek to survive by cutting jobs • The majority of job losses have occurred in large companies, with the highest share among firms with 1000 or more employees • Individual entrepreneurs have been the fastest growing segment in the current recession

  7. The Changing State of the Economy • Small businesses are the foundation of the American economy. The Small Business Administration (SBA) currently reports that of the 27 million businesses in America, 20 million have no employees, and another 4 million have 5 employees or fewer.

  8. The Changing State of the Economy • A 2008 major study of the relationship between economic growth and entrepreneurship found that all nations with high levels of entrepreneurial activity had above-average rates of economic growth.

  9. Major Barriers • Entrepreneurship is not well established in Federal and statewide policy and execution strategies • Staff lacks information and training about self-employment as a career option • Entrepreneurship does not fit into current WIA methods for measuring performance

  10. Recommendation # 1 • Pass new federal legislation that includes a central coordinator, to break down the silos of community development, economic development, workforce development, and small business legislation

  11. Recommendation # 2 • Build a partnership among Federal Agencies that demonstrates the integration of entrepreneurship as a career option in every industry, and as one answer to all displacing events

  12. Recommendation # 3 • Provide focused on-going leadership in Federal Agencies involved with economic, community, and workforce development that coordinates rules, regulations, communications, and legislation that foster entrepreneurial development and self-employment

  13. Recommendation # 4 • Train Workforce Development Boards in every state to implement strategic planning and strategic “doing” around employment opportunities that optimize the resources available in their locations, including opportunities for self-employment

  14. Recommendation # 5 • Change Federal and State policies to include performance indicators and success factors that focus on changing future economic conditions and recognize the value of entrepreneurship as a career choice • Training, number of businesses established, and success factors should be added

  15. Recommendation # 6 • Enable One-Stop Career Centers and other Unemployment Intake Centers to participate in professional development to enhance their orientation to and understanding of opportunities for the unemployed to develop self-sufficiency as entrepreneurs

  16. Recommendation # 7 • Modify intake systems for the unemployed to focus on the interests, skills, experiences, and needs of each applicant that could lead to self-employment • Help job-seekers use the self-assessment checklists followed by training and mentoring as needed

  17. Recommendation # 8 • Encourage partnerships between local organizations that support the training, counseling, and mentoring needs of the unemployed who choose to become entrepreneurs • Community partnerships – Share resources, capitalize on the strengths of each, and communicate regularly.

  18. Recommendation # 9 • Help new entrepreneurs to establish their businesses as sustainable, tax-paying entities that can be counted as placement successes as they obtain training, and plan, develop, and grow their enterprises

  19. Recommendation #10 • Develop demonstration projects of statewide systems that model recommendations in this report for assisting individuals to become self-employed

  20. As you Review these Recommendations Remember …. • A job is work that needs to be done...that someone will pay you to do. For the self-employed, their employer may be the customer! • The authors believe that these recommendations, implemented with an entrepreneurial mindset, will lead to vigorous growth for individual entrepreneurs, enterprising communities, and the U.S. economy as a whole.

  21. As you Review these Recommendations Remember …. • This Call to Action seeks to merge successful economic development, education, and workforce development strategies, as we advance entrepreneurship as an essential answer to our current employment crisis.

  22. As you Review these Recommendations Remember …. • Maintaining the status quo is dangerous. As a nation, we must challenge ourselves through Congressional action so that our funding streams and community services for the unemployed can better address the needs of the future and not just those of the past

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