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“Entrepreneurship and “Entrepreneurship and the fear of failure” October 2011 1 Work Readiness | Entrepreneurship | Financial Literacy.

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Presentation on theme: "“Entrepreneurship and “Entrepreneurship and the fear of failure” October 2011 1 Work Readiness | Entrepreneurship | Financial Literacy."— Presentation transcript:

1 “Entrepreneurship and “Entrepreneurship and the fear of failure” October Work Readiness | Entrepreneurship | Financial Literacy

2 INTRODUCTION Junior Achievement was founded in USA in JA is the worldwide largest provider of entrepreneurship education programmes, reaching 9.8 million students in 124 countries and 30 languages.MISSION To inspire and prepare young people to succeed in a global economyVALUES Our core values are: belief in the boundless potential of young people, passion for what we do and honesty, integrity and excellence in how we do it, respect for the talents, creativity, perspectives, and backgrounds of all individuals and conviction in the educational and motivational impact of relevant, hands-on learning. Work Readiness | Entrepreneurship | Financial Literacy What is JA WW?

3 Work Readiness | Entrepreneurship | Financial Literacy What is JA-YE Europe? Education for Entrepreneurship Skills for Employability Financial Capability JA-YE Europe is a not-for-profit organization based in Brussels, Belgium and is also the European headquarters for JA Worldwide®

4 Work Readiness | Entrepreneurship | Financial Literacy What is JA-YE? Engagement in Expert Groups “Entrepreneurship Education” (DG ENTERPRISE and DG EDUCATION) “New Skills for New Jobs” (DG EMPLOYMENT) “Language means Business” Forum (DG MULTILINGUALISM) “Entrepreneurship in Vocational Education” (DG ENTERPRISE)

5 Work Readiness | Entrepreneurship | Financial Literacy What is JA-YE?

6 Work Readiness | Entrepreneurship | Financial Literacy What is JA-YE? Europe in hours/student/year €/student/year 596,198 students in special activities

7 Work Readiness | Entrepreneurship | Financial Literacy What is JA-YE? Public and Private partners working together JA-YE EUROPE TEACHING SKILLS + BUSINESSES PRIVATE SECTOR PUBLIC SECTOR 360°

8 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes Curricula targeting every age level from 8-25, content is all about “preparing young people for a global economy” Designed to be used within education systems—localized but always with an international dimension School teachers and volunteers are our multipliers More and more IT enhancements and new delivery channels; combination of face-to-face and online is a winner Short programmes; one-day programmes; full-year programmes; extra- curricular activities Comprehensive materials for educators, volunteers and students Endorsed/supported by Ministries of Education; mapped to standard curricula All is project-based; student-centred ‘innovative’ learning Every program includes business engagement: thousands of partnerships with local and international businesses plus employee volunteering Sustainable infrastructure and experienced practitioners and teachers in every country to disseminate, train, coordinate, monitor...

9 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes

10 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes International (new) Initiatives (University/College) « START-UP »  Graduate Entrepreneurship (Upper Secondary) « Enterprise without Borders »  Globalisation « Global Social Innovation Relay » « Sci-Tech Challenge »  MST or STEM « Banks in Action »  Financial Education (Lower Secondary) « It’s My Business »  Inspiring entrepreneurship (Primary) « Europe and Me »  Enterprise & Sustainability

11 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes Skills acquired Personal skills:Business skills: Team working Basic economics Communication Financial literacy Self-confidence Developing market research Taking initiative Drafting a business plan Problem-solving Raising finance Taking calculated risk Sales techniques Leadership Running a business meeting Generally…progressing from Primary through to Secondary

12 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes Impact on attitude/motivation STUDENTS SAID Made schoolwork more interesting and stimulating 80% Influenced on the relations between students and teachers in a positive way: 64% Influenced friendship between the students in a positive way 70% ____________________________________________________ TEACHERS SAID Meant a lot for students’ abilities to solve problems: 89% Made schoolwork more interesting and stimulating for students: 87% Meant a lot for their cooperation skills: 91% Teaching this way was a very positive experience for me as a teacher: 81% Meant a lot for students’ motivation to start their own business: 73%

13 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes Below 21 years 0,0 % years old 14,8 % years old 10,4 % ,6 % Total 16,6 % Start up rate among students who have participated in JA-YE entrepreneurship education programmes Average Start-up rate in Europe is +- 6% Same results were found across 8 countries— Differences of 1-2% What Happens Later?

14 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes Alumni 1.Greater appreciation of their skills and the opportunities available 2.More passionate about their jobs 3.More successful in their careers 4.Better future earnings 5.Overall, alumni felt that the programmes contributed to their skill development more than anything else, including work experience, extra-curricular activities and school. 6.Twice as likely to start a business 7.Most significant experience they drew upon when establishing and building their venture. 8.More likely to get involved in voluntary work.

15 JA Spain Junior Achievement Spain was created in March 2001, and is a member of JA-YE Europe Milestones: In the academic year , has reached to 14,639 children served through 1458 classes, involving 1172 volunteers who contributed their time and dedication in 269 schools in 13 Spanish regions. Work Readiness | Entrepreneurship | Financial Literacy Junior Achievement Spain

16 A Model of Success Companies: providing financial and material resources to carry out the programmes Schools: allowing JA to develop programmes and promote participation in their classrooms Volunteers: dedicating their time and effort to train our children and youth It is a model that guarantees an excellent education and it is long- term sustainable because it involves all stakeholders in the progress of our society Junior Achievement has managed to design a model based on the strong commitment of all actors involved in our mission: Work Readiness | Entrepreneurship | Financial Literacy What is JA?

17 Iniciación a la Vida Laboral | Formación Emprendedora | Educación Financiera Educational Programmes PRIMARY SCHOOL (6 – 12 years) What relationship exists between us, our community and our city? What is the difference between team-work and working individually? Can I make decisions? What role does the government play? What does VAT mean? What resources do we have? My first company. Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

18 MIDDLE SCHOOL (12 – 16 years) What can I study? Which are my interests? Which are my strengths? Which are my weaknesses? Why is it important to continue studying? Why in my sport shoes says "Made in China"? Do I consume responsibly? My first Budget. Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

19 SECONDARY SCHOOL (16 – 18 years) My first CV. My first job interview. I am the CEO of my company. My first day at work. The first audit of my company. My first labor disputes. Which non for profit organization can my company choose to donate its profits? Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

20 SIMULATED PROGRAMMES (16-19 years) My first Strategic Plan. Have I enough funding for my investments? Is it better a strategy of "cost leadership"? How can I influence the results of my competitors? Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

21 POST-SECONDARY SCHOOL (+18 years) DAY EVENTS My first market research. My first business plan. My first business venture. My first job on my own. Entrepreneurs and Professionals. How is the economic reality that surrounds me? What professional requirements has it? How do entrepreneurs and professionals become agents of their own future? Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

22 UNIVERSITY (+18 years) Educational Programmes My first marketing research. My first business plan. My first business venture. My first job on my own. Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

23 According to the recommendations made by the OECD based on the results of the PISA (Programme for International Student Assessment), Spain should: - Increase work-readiness awareness at schools. - Increase internships experience at business. J.A. agrees with this need, we propose a way of learning that closes the gap between school and the professional world, involving young students in the necessary skills required by a competitive new world. Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

24 Work Readiness | Entrepreneurship | Financial Literacy JA-YE Programmes Closing the Gap Between Business and Education 1.Business is felt to have an important role in society 2.Education systems are not felt to be preparing young people with the right skills for entering the workforce 3.The skills that are felt to be lacking in young people match closely with the skills that are seen to be developed by JA-YE 4.JA-YE activities are helping to bridge the gap between education and business

25 Business Volunteers Volunteer’s Profile: Professionally experienced mentors Oratory skills Leadership Flexible to work with youngsters Committed with his/her community Share personal and professional experiences with students Bring closer business reality to school environment through positive stimulation of students. Share the concept of permanent education throughout life Work Readiness | Entrepreneurship | Financial Literacy

26 Needs: To encourage Ecosystems of innovation based on talent. The entrepreneur is made, not born. The values of the company must always be present in all activity. Brain + Hands + Excellency = Success. More situations of intelligent experimentation must happen from the school. Innovation comes from knowledge (71 %). To reduce the regulation’s rigidity when it comes from high potential companies in their phase of creation. To promote the ‘entrepreneurship as 2nd opportunity’ as something attractive to investors. The fear of failure Work Readiness | Entrepreneurship | Financial Literacy

27 Myths: Youth is not entrepreneurial Youth is afraid of failure Ideas come form Innovation (8 %) or from coincidence (21 %) The teacher always tells the truth, the pupil learns it To learn critical thinking must not begin in primary Adversity does not help employment The fear of failure Work Readiness | Entrepreneurship | Financial Literacy

28 Statistics:  Only 5% of young Europeans, received entrepreneurial training before reaching 18 years.  The entrepreneurial activity rate in Spain reached 7.62% in 2007 and went down to to 5.3 in In 2010 it stood at 4.3.  The actual participation rate is 62.6 (men) and 37.4 (women).  The average age is 36.6 years.  According to JA-YE Europe, 15% of students who have participated in have finished setting up his own business years later. The fear of failure Work Readiness | Entrepreneurship | Financial Literacy

29 Pros: It starts now to be appreciated as a career option and a source of employment promotion. It empowers the local economic growth. More and more the 'inter-entrepreneurs‘ are valued. Formal networks of business angels and venture capital. Begins to be disseminated by the media. There are nonprofits such as JA ! The fear of failure Work Readiness | Entrepreneurship | Financial Literacy

30 Cons: The economic global situation of crisis does not help, but opportunities are identified. The economic climate provokes an absence of capital to support small business and the markets lack of trust. The administration’s mechanisms must progress. The term "emprendimiento" was not even approved by the Royal Academy. The enterpreneurship education does not develop school. (5% have access) The competitiveness and productivity, is very low. The enterpreneurship vocation in the family circle, is reduced. The is a lack of ‘forsight’ against the absence of capital liquidity that leads to many business’ deaths. The fear of failure Work Readiness | Entrepreneurship | Financial Literacy

31 To Conclude: Young people must recognize their own individuality and achieve their potential from ‘self-knowledgement’. To create and to invent generates self-confidence and it is in our DNA. Failing, is learning from your mistakes, it makes you grow in confidence, it trains you for the following obstacle. It is not necessary to listen to friends and family when they tell you: ‘I told you, you would fail on this’. There is nothing better than failing Educational Programmes Work Readiness | Entrepreneurship | Financial Literacy

32 JA programmes encourage students: To have critical spirit in class and teamwork To look for a solution to real problems To question what they teach you, to experiment To be creative, innovative To discover the leader inside you and his 'element' To save money, to consume in a responsible way, to prepare a budget To learn from your mistakes To work to win, to excel, to do your job and to perform well To sell and to sell well To ask for help and to help To speak in public Work Readiness | Entrepreneurship | Financial Literacy Educational Programmes

33 Sponsors & Friends Sponsors: Our educational activity is only ​​possible only thanks to the support we provide to companies through capital, materials and / or human resources. Gold Work Readiness | Entrepreneurship | Financial Literacy

34 Sponsors & Friends Silver Bronze ADEFAMAIESECArturo Soria Plaza AJEBlu:sensEDEM ERCROSESADEFundación Banesto Sociedad y Tecnología Fundación CanalFundación Empresa y SociedadGrupo Leche Pascual IE Business SchoolFundación Universidad EmpresaJunta Castilla La Mancha Ministerio de EducaciónMinisterio de Industria DG PYMEMMT Estudiantes Revista EmprendedoresRRHH Press.comSECOT The Boston Consulting GroupThinking HeadsUniversal Pictures Universidad de ValladolidZonzoo Sponsors in the world: The work carried out for a better future for our youth is backed by companies such as Citigroup, Ernst & Young, GE, HP, ING, Microsoft, PWC and organizations like the World Bank, World Economic Forum or the European Union, among others. Work Readiness | Entrepreneurship | Financial Literacy

35 Awards

36 C/Diego de León, 47 - Bajo Izquierda Madrid. Spain Phone: ; Fax: JA Spain: JA-YE Europe: JA Worldwide: The Future is In the classrooms Work Readiness | Entrepreneurship | Financial Literacy

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