1. 1 INTRODUCTION TO ENTREPRENEURSHIP National Centre for Youth Development By: Dwaine Forbes Youth Empowerment Officer March 30, 2011

2. 2 DEFINITIONS DEFINITIONS Entrepreneurship is a mindset and practice of looking and acting upon opportunities for economic and or social benefits through innovation and risk taking. Entrepreneurship is a mindset and practice of looking and acting upon opportunities for economic and or social benefits through innovation and risk taking. Entrepreneur is any person that continuously seeks and acts upon opportunities for economic and or social gains through applying the principle of creative problem solving. Entrepreneur is any person that continuously seeks and acts upon opportunities for economic and or social gains through applying the principle of creative problem solving.

3. WHY ENTREPRENEURSHIP? Opportunities and support are available Opportunities and support are available Create self employment Create self employment Promote innovation Promote innovation 3

4. WHY ENTREPRENEURSHIP? Build communities Build communities Alleviate psycho-social problems and delinquency Alleviate psycho-social problems and delinquency Youth Unemployment is High Youth Unemployment is High Help to Create Wealth and Contribute to the Economy Help to Create Wealth and Contribute to the Economy 4

5. THINK ENTREPRENEURIAL! What matters most is who owns the cup! What matters most is who owns the cup!

6. ENTREPRENEURSHIP IS A MIX OF: Risk Taking Risk Taking Mindset Mindset Opportunity Seeking Opportunity Seeking Innovation Innovation 6

7. 7 BECOME AN ENTREPRENEUR DO WHAT YOU LOVE DO WHAT YOU LOVE DEVELOP THE MINDSET DEVELOP THE MINDSET WRITE A BUSINESS PLAN WRITE A BUSINESS PLAN REGISTER THE BUSINESS REGISTER THE BUSINESS MAKE BEST USE OF VITUAL RESOUCES (Internet) MAKE BEST USE OF VITUAL RESOUCES (Internet)

8. Become an Entrepreneur Manage your time Manage your time Network Network Find a mentor Find a mentor Think big Think big Do your research Do your research Value existing and potential customers Value existing and potential customers 8

9. TO BE SUCCESSFUL Improve your knowledge of the industry Improve your knowledge of the industry Be creative Be creative Expand business through reinvesting profits and diversifying Expand business through reinvesting profits and diversifying Study likely changes in business environment Study likely changes in business environment 9

10. STUDY CUSTOMERS Customer

11. THINK OUTSIDE THE BOX 11

12. 12 DEVELOP CREATIVE SOLUTIONS

13. Attention! Be patient Be patient Reinvest profits for business expansion Reinvest profits for business expansion Learn more about the business and industry Learn more about the business and industry Ask for help Ask for help 13

14. KEEP The FOCUS

15. CREATE WEALTH 15

16. CONTACT SUPPORT ORGANIZATIONS National Centre for Youth Development National Centre for Youth Development Jamaica Youth Business Trust Jamaica Youth Business Trust Jamaica Business Development Corporation Jamaica Business Development Corporation Office of Social Entrepreneurship (UWI, Mona) Office of Social Entrepreneurship (UWI, Mona) 16

17. Support Organizations Ministry of Labour and Social Security Ministry of Labour and Social Security Young Entrepreneurs Association Young Entrepreneurs Association Young Americans Business Trust Young Americans Business Trust Youth Crime Watch of Jamaica Youth Crime Watch of Jamaica Small Business Association Small Business Association 17