THINK ENTREPRENEURS: A Call to Action

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THINK ENTREPRENEURSA 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

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The Consortium for Entrepreneurship Education

• www.entre-ed.org
• National Organization bringing
  Together
• Educational Agencies and
  Leaders To Build
• the Field of Entrepreneurship
  Education

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The Consortium for Entrepreneurship Education
Mission Accelerating Entrepreneurship Everywhere!

• Website to provide resources for teachers
  www.entre-ed.org

• Newsletter and e-Magazine Future CEO Stars
  featuring benefits of programs offered by members
  www.fcsmag.com

• National FORUM/Conference to provide
  professional development for teachers/program
  designers November- Norfolk Nov. 6-10,2009

• 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

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Helping Create a Pipeline of Entrepreneurs
Everywhere

• The Future Entrepreneurs are in our Schools today
• The Aspiring Entrepreneurs are everywhere in our
  education system and in our workplaces
• The Start-up Entrepreneur needs specific skills,
  training, mentoring and guidance toward
  successful practices
• All Entrepreneurs need the opportunity to problem
  solve with other entrepreneurial minded business
  persons
• A successful USA Entrepreneurial Pipeline
  requires a Life-Long Entrepreneurial Learning
  Approach!

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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
• Focus on helping One-Stop Center staff see
  persons dreams rather than just a job!
• CEE appreciates the opportunity to examine the
  system and make recommendations for reinforcing
  opportunities for the many unemployed in our
  society in 2009 and the future

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Benefits to Consortium

• Developed visibility within the Workforce
  Community and shared the resources of our
  Consortium members
• Created a Framework for Entrepreneurship for the
  training community
• Developed Tools for organizations to use with
  aspiring entrepreneurs
• Gained the opportunity to share Consortium
  capabilities at DOL expense at several workforce
  conferences
• Networked and developed relationships with many
  people who can be assets to the Consortium
• Gained knowledge of how the WIS works and can
  advise both workforce sector and education sector
  as to greater partnerships
• Developed case studies of effective practices
  occurring around the nation in the Workforce
  Investment System
• Focused the thinking of DOL policy makers on the
  fact that all WIS leaders need to Think
  Entrepreneurs if we are to have an
  entrepreneurial pipeline to self sufficiency
  throughout our nation!

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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

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The Changing State of the Economy

• Unemployment in the United States is at a 26-year
  high (9.8 percent in September 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 during the current recession

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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.
• 75 no employees - 89 5 or fewer employees

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The Changing State of the Economy

• A 2008 major study of the relationship between
  economic growth and entrepreneurship found that
  all nations with higher levels of entrepreneurial
  activity had above-average rates of economic
  growth.

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Major Barriers DiscoveredIn Workforce
Investment System

• 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

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Recommendations

• To respond to the current situations in the US
  economy and the public Workforce Investment
  System the following recommendations have been
  crafted.
• Policymakers at the Federal, State and Local
  levels have a role to play in helping people
  become self-sufficient

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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

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Recommendation 2

• Build partnerships among Federal Agencies that
  demonstrate the integration of entrepreneurship
  as a career option in every industry, and as one
  answer to all displacing events

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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

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Recommendation 4

• Train Workforce Investment 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

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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

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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

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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 entrepreneurial
  self-assessment checklists followed by training
  and mentoring as needed

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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. Trust is essential!

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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, plan, develop, and grow
  their enterprises

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Recommendation 10

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

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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 will 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.

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As you Review these Recommendations Remember .

• This Call to Action seeks to merge successful
  economic development, education, and workforce
  development strategies, as the nation seeks to
  advance entrepreneurship as an essential answer
  to our current employment crisis.

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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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Call to Action!

• DOL/ETA needs to get the report out and begin
  thinking about how to cause actions requested
• All policy makers and WIS leaders need to Think
  Entrepreneurs!

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As you have reviewed these Recommendations
What Questions or Comments do you have?

• Remember insights come from everywhere!
• Your question(s) may help uncover new insights
  for you and others!
• There are probably more questions than clear
  crisp answers related to self-employment/self-suff
  iciency!

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DOL Entrepreneurship Competency ModelDeveloped
by DOL Using Resources of CEEReleased in
February 2009 http//www.careeronestop.
org/CompetencyModel/pyramid.aspx?ENTREY
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Entrepreneurship Process Readiness Checklist

• Competency Area and Performance Statements
• Know How or Can Do
  Need Help With
• Explain tools used by entrepreneurs for venture
  planning
• Assess start-up requirements
• Assess risks associated with venture
• Describe external resources useful to
  entrepreneurs during concept development
• Assess the need to use external resources for
  concept development
• Describe strategies to protect intellectual
  property
• Use components of a business plan to define
  venture idea
• Comments/Thoughts/Need
  s

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Entrepreneurship Technical Competency Checklist

• Competency Area and Competency Statements
  Have Need Comments

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www.entre-ed.org