Unemployed or Self-Employed Students with Entrepreneurial Skills can be Self-Sufficient FORUM 2011 November 7, 2011 Cincinnati, Ohio

The Changing State of the Economy A major study conducted by the Kauffman Foundation 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.

Economics is Constantly Changing! Innovation drives Change An iPod – if it had existed in 1976 Would have cost $3.2 billion, and would have taken up an entire computer room Langdon Morris at NASDCTE – October 2010

The Changing State of the U. S. Economy Unemployment in the United States is at a 26- year high (9.1 % in September 2011), as businesses continue to seek to survive 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

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, 21+ million have no employees except the owner, and another 4 million have 5 employees or fewer.

USA is Small Business Economy 75% of businesses have no employees 89% 5 or fewer employees - (25+ Million of the 27+ Million total business in the USA) Just 5% have more than 50 employees 52% of small businesses are home based In 2004 Small Business Tax Returns represented more than 93% of all business tax returns

Small Businesses Throughout Our Economy 12.9 (72%) Million Small Businesses concentrated in: –Professional scientific, technical and management services –Finance –Insurance and Real Estate –Wholesale and Retail Trade –Construction –Other Services Services sector is generally more localized and better suited for small business model

Revealing Statistics Fewer than 40 percent of the nation’s largest and fastest ‐ growing job classifications require four ‐ year college degrees Fewer than 30 percent of all jobs demand college degrees —a figure that has barely budged in the last two decades. Less than 20% of Baccalaureate Graduates in Spring 2010 found employment in the area for which they were preparing/majoring Mark Elgart, President and CEO AdvanceED, SACS/CASI

David Pearce Snyder, Futurist states “Training and education have always been preparation for the future …but, what will the future be like?” He describes the future as a moving target - a work in progress that is widely expected to lead us through decades of on-going innovation and adaptation. Graduates will need mastery of higher- order analytical, problem solving, and work- readiness competencies.

Jim Clifton, CEO of Gallup stated in 2009 “What the whole world now wants is a good job” Earlier they reported they desired love, money food, shelter, safety, and/or peace as paramount “Good Job” is evolving also because social contract between big companies and employees has changed - Sacrificing old certainties for new risks and opportunities in their own hands

US Chamber Foundation and Junior Achievement Study National Survey with 2,213 US high school juniors – Done in August % are interested in starting or owning their own businesses 19% have already started their own businesses 95% agree that starting their own businesses helps to create jobs

US Chamber Foundation and Junior Achievement Study What did the students think about Entrepreneurship Education? 91% of high school juniors say it is important that they are taught entrepreneurship skills 41% of these students said it was essential!

Education is an urgent Priority for the Obama Administration Goals: By 2020, The USA will raise the proportion of college graduates from where it now stands (39%) so that 60% of our population holds a two-year or four-year degree (National Center for Public Policy and Higher Education, 2008). We will close the achievement gap so that all students – regardless of race, income, or neighborhood – graduate from high school ready to succeed in college and careers.

Hart Research Study for the College Board National - One Year Out Survey with 1,507 graduates of 2010 from US high schools done in August % did not enroll in 4 year colleges (43% did) College education was not seen as an essential entrepreneurial preparation step Of those who did enroll in college –43% enrolled in 4 year colleges –25% enrolled in 2 year colleges 66% of those who did not go to college found a job

Consortium for Entrepreneurship Education National Organization bringing Educational Agencies and Leaders Together To Build the Field of Entrepreneurship Education

The Consortium for Entrepreneurship Education National Content Standards released June 2004 Mission: Accelerating Entrepreneurship Everywhere! Website to provide resources for teachers National FORUM/Conference to provide professional development for teachers/program designers – November in Columbus, Ohio Leading education partner of annual National Entrepreneurship Week February 18 – February 25, National Standards of Practice released in June 2006 Entrepreneurship Ambassador E-Group that encourages information sharing through educator networks Newsletter and e-Magazine – Future CEO Stars featuring benefits of programs offered by members

National FORUM 2011 Participants Networking Scholarships for many participants Entrepreneurs Sharing Wonderful Living Case Studies Great Entrepreneurial Tours Use of Newly organized National Standards Focus on Problem Based Learning using Entrepreneurial Situations National Partners for developing young entrepreneurs

National FORUM th Annual FORUM will be held in Atlanta, Georgia in November 2012 Planning team begins work in January to put in place the tours, entrepreneur speakers, and other details Great networking and learning opportunity for all who want to integrate entrepreneurship into the preparation of their students

National Content Standards Entrepreneurial Process & Characteristics Ready Skills Foundation Skills Communication Skills Business Functions Economics

Standards consist of …. 6 Categories of Content defined 15 Standards established –To guide content development –To ensure comprehensive coverage –To provide what Entrepreneurs said was essential “to know and be able to do” in order to succeed as entrepreneurs 403 Performance Indicators –To guide curriculum development –To guide knowledge and skills assessments

403 Performance Indicators Organized into Five Categories 3 Searchable Files BASICS COMPETENCY AWARENESS CREATIVE APPLICATIONS STARTUP GROWTH

Entrepreneurship Lifelong Learning Model

STANDARDS/Performance Indicators BASICSCOMPETENCY AWARENESS CREATIVE APPLICATIONS STARTUPGROWTH Entrepreneurial Skills The Processes and Traits/Behaviors associated with entrepreneurial success. A Entrepreneurial Processes Understands concepts and processes associated with successful entrepreneurial performance ** Discovery A.01Explain the need for entrepreneurial discovery A.02Discuss entrepreneurial discovery processes A.03Assess global trends and opportunities A.04Determine opportunities for venture creation A.05Assess opportunities for venture creation A.06Describe idea-generation methods A.07Generate venture ideas A.08Determine feasibility of ideas ** Concept Development A.09Describe entrepreneurial planning considerations A.10Explain tools used by entrepreneurs for venture planning A.11Assess start-up requirements A.12Assess risks associated with venture A.13Describe external resources useful to entrepreneurs during concept development A.14Assess the need to use external resources for concept development A.15Describe strategies to protect intellectual property A.16Use components of a business plan to define venture idea ** Resourcing A.17Distinguish between debt and equity financing for venture creation

“Democratic Entrepreneurship” -Central Competitive Advantage “For the United States to survive and continue its economic and political leadership in the world, we must see entrepreneurship as our central competitive advantage. Nothing else can give us the necessary leverage to remain an economic superpower. “ Carl Schramm, Economist & President of the Kauffman Foundation, Kansas City

Entrepreneurship as Context Entrepreneurs exist in every career field 65%-70% of all high school students indicate they desire to be entrepreneurs according to Gallup Polls 85% of high school students said they had been taught “practically nothing about” or “very little about” business and how it works Students perform better in academics when they are focused on their personal objectives

Strengthen Program Plan your curriculum Validate your curriculum Increase credibility in community Ensure students are prepared for future Link with needs of economy Use high interest context Create problem-based learning activities Link with core academic teachers

NEW from the Consortium Members … A definition Outcomes Concepts Methods Accountability Resources

Standards Of Practice consist of …. A consistent definition –To guide all program providers –To ensure consistent communication regarding program for entrepreneurial skills development 5 areas of practice to be examined –To ensure comprehensive programming –To guide program development and delivery An Assessment Instrument –To allow community review –To allow identification of areas of excellence and areas to focus improvement strategies

February 18-25, 2012 Always celebrated the last week of National CTE Month

February 18-25, 2012 Students Plan Celebrations Students Enter competitions Do special Entrepreneurial projects Create publicity for your programs Get Students into businesses Get businesses into your school

Seeking Entrepreneurial Geniuses 2010 National Entrepreneurship Week had a focus on Entrepreneurship Literacy "ENTREPRENEURIAL LITERACY EMPOWERS EVERYONE"! Check the Website for details Earn a "GENIUS" Certificate by responding to "20 Questions for All Americans" Create activities using the "20 Questions for All Americans" at all levels of education. For Teachers - Students - Parents - Entrepreneurs - Officials

Creating Entrepreneurship Hall of Fame Entrepreneurs contribute to our National economy and to the local communities in which they operate 2011 National Entrepreneurship Week has a focus on honoring leading Entrepreneurs in local communities See the website for details of how to enter a business person into the National Entrepreneurship Hall of Fame 2012http:// Put your business leaders on your state and the national map and help establish your community as a place preparing entrepreneurs for advancing the economy and meeting community needs

Entrepreneurship Lifelong Learning Model

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! Helping Create a Pipeline of Entrepreneurs Everywhere

Consortium for Entrepreneurship Education Encourages nurturing creative thinking and innovative approaches as a way to build an entrepreneurial mindset Encourages helping students chose courses in school that give them skills to use personal talents to be a self- sufficient self-employed person Encourages parents and educators to encourage students to consider Entrepreneurship as a career path

Consortium for Entrepreneurship Education CEE received a grant in 2008 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 person’s “dreams rather than just a job!” Help develop the economy instead of just being a job matching service CEE helped develop the Entrepreneurship Framework for High Growth segments of the economy – Now on the Internet

DOL Entrepreneurship Competency Model

Consortium for Entrepreneurship Education Framework Guide explanation document was developed to help people understand how the competencies can be used in education and training ments/CEEcomp-model.pdf ments/CEEcomp-model.pdf CEE developed listing of entrepreneurial careers in each career cluster to help educate about where entrepreneurs flourish in our economy Assisted with developing a Policymaker’s Action Guide titled Youth Entrepreneurship in America rshipinAmericaYESG_report%5b4%5d.pdf rshipinAmericaYESG_report%5b4%5d.pdf

They do learn what we teach – Don’t They ?

Entrepreneurship Process Readiness Checklist Determine where prospective entrepreneurs are in the process: Discovery – stage in which the entrepreneur generates ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc. Concept Development – stage in which the entrepreneur plans the venture, identifies needed resources using a business plan, identifies strategies to protect intellectual property, etc. Resourcing – stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc. Actualization – stage in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives Harvesting – stage in which the entrepreneur decides on the venture’s future (growth, development, demise)

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/Needs

Entrepreneurship Technical Competency Checklist Competency Area and Competency Statements Have Need Comments

Youth Entrepreneurship Alliance YEA YESG started with the Aspen Institute and NFTE leadership and worked for three years Published a entrepreneurship policy guide for federal, state and local level policy makers Members of the group wanted to broaden the scope of the advocacy Now member groups organizing to advocate for Entrepreneurial Policies. (Many are members of the CEE. Focus of this work is policy advocacy and seeking champions) Already encouraging STEM to become STEEM See for members and current effortshttp://

Advocacy is Enhanced by Partnerships

????????? Are there things about which we have talked that need clarification? What questions may I respond to ? What are your inputs/comments?

Glad to serve as a resource for you! Horace C. Robertson 1120 Balmoral Drive Cary, NC – Secretary-Treasurer for The Consortium For Entrepreneurship Education

Educators need to focus on Entrepreneurship Because…. The economy has changed drastically … Therefore what and how we teach must change Problem-based Learning is critical to student development A job is work that needs to be done...that someone will pay you to do. For the self-employed, their employers will be the customers they find for themselves Possessing the Entrepreneurial mindset and skills will allow for success in the future economy and workplaces

Educators need to focus on Entrepreneurship Because…. 91% of high school juniors say it is important that they are taught entrepreneurship skills –41% of these students said it was essential! Self-Reliance is the American Way! Students need to become self-sufficient as employed Americans –Self-employment may be their best option