For youth development staff on supporting youth entrepreneurs

1. Promoting Youth Entrepreneurship
STUDIO E: Where Youth Entrepreneurs Thrive
Michele Martin
May 20, 2014, 1-2 p.m. (EDT)
www.youtube.com/user/MicheleMMartin/live
www.youthstudio-e.com

2. Michele Martin
• Certified Career Development
Facilitator Instructor
• Workforce Development
Consultant & Former HR
Manager
• Small Business Owner
• Co-author of State of the U.S.
Workforce System: A Time for
Incremental Alignment or
Serious Reform?
• Passionate about
entrepreneurship!

3. Agenda
• The Entrepreneurship Imperative
• Expanding Opportunities
• Expanding our Capacity
• The Studio-E Supports/Resources

4. The Entrepreneurial Imperative

6. What’s REALLY Going on?!

7. Youth Unemployment Rate is High

8. Not Enough Jobs to Go Around

9. Not Enough Jobs to Go Around
3 job seekers
for every job

10. Not Enough Jobs to Go Around
3 job seekers
for every job
Deficit of 9
million jobs

11. Not Enough Jobs to Go Around
3 job seekers
for every job
Only 24% of employers
will hire “full-time,
permanent” workers
in 2014
Deficit of 9
million jobs

12. Job Growth Not Keeping Up

13. Jobs are More Likely Part-time . . .

14. Or Freelance
By 2020, more than 40 percent of
the American workforce, or 60
million people, will be
freelancers, contractors and
temp workers, according to a
study conducted by software
company Intuit. --Business Insider

15. Declining Wages

16. Declining Wages
Inflation adjusted
wages:

17. Declining Wages
Inflation adjusted
wages:
•Down 12.7% for
HS grads

18. Declining Wages
Inflation adjusted
wages:
•Down 12.7% for
HS grads
•Down 8.8% for
College grads

21. And Technology Is Eating Jobs Too!

22. And Technology Is Eating Jobs Too!

23. And Technology Is Eating Jobs Too!

24. And Technology Is Eating Jobs Too!

25. And Technology Is Eating Jobs Too!

27. New Opportunities

28. Technology

29. • 3D printers and “Print on
demand”
Technology

30. • 3D printers and “Print on
demand”
• Online stores--Etsy, CafePress,
etc.
Technology

31. • 3D printers and “Print on
demand”
• Online stores--Etsy, CafePress,
etc.
• Online payment & mobile
payment options
Technology

32. • 3D printers and “Print on
demand”
• Online stores--Etsy, CafePress,
etc.
• Online payment & mobile
payment options
• Online marketplaces-
TaskRabbit, Elance
Technology

33. Work
Arrangements

34. Work
Arrangements
• “Maker’s Spaces”

35. Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces

36. Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces
• Co-working

37. Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces
• Co-working
• Crowd Sourcing

38. Work
Arrangements
• “Maker’s Spaces”
• Shared commercial spaces
• Co-working
• Crowd Sourcing
• Worker Co-ops and
Collaboratives

39. Going Mobile!

40. Going Mobile!
• Trucks, Trailers and Vans

41. Going Mobile!
• Trucks, Trailers and Vans
• Pop Up Shops

42. Funding

43. Funding
• Crowd-funding--Kickstarter,
Indiegogo, etc.

44. Funding
• Crowd-funding--Kickstarter,
Indiegogo, etc.
• “Just-in-Time” production

45. Funding
• Crowd-funding--Kickstarter,
Indiegogo, etc.
• “Just-in-Time” production
• The Lean Start-Up model

46. Microenterprise as a Route to Self-Sufficiency

47. Microenterprise
• 59% women
• 53% people of color
• 56% with household incomes
at or below 80% of HUD
median income
• 49% at or below 150% of HUD
poverty levels
SOURCE: US Microenterprise Census

49. Entrepreneurship

50. Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”

51. Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”
• Can be a more reliable route to
self-sufficiency and wealth-
building

52. Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”
• Can be a more reliable route to
self-sufficiency and wealth-
building
• Provides flexibility and opportunity

53. Entrepreneurship
• Increases self-esteem and
motivation-- “Autonomy, Mastery,
Purpose”
• Can be a more reliable route to
self-sufficiency and wealth-
building
• Provides flexibility and opportunity
• Improves overall quality of life

54. Careers look different now too. .
P

56. Job=One Way to Bring in Income

57. Job=One Way to Bring in Income

58. We Need to be Talking About. . .
Multiple Income Streams

59. Making a career from . . .

60. Making a career from . . .

61. Teens need to find. . .

62. Teens need to find. . .

63. We also need to talk about. . .

64. We also need to talk about. . .
•Structures

65. We also need to talk about. . .
•Structures
•Skills

66. We also need to talk about. . .
•Structures
•Skills
•Expectations

67. We also need to talk about. . .
•Structures
•Skills
•Expectations
•How you find work

68. We also need to talk about. . .
•Structures
•Skills
•Expectations
•How you find work
•How you manage your work

69. We also need to talk about. . .
•Structures
•Skills
•Expectations
•How you find work
•How you manage your work
•How you get paid

70. We need to prepare young
people for both options

71. Teens need. . .

72. Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”

73. Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency with technology

74. Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency with technology
•Access to Tools, Spaces and People and Examples

75. Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency with technology
•Access to Tools, Spaces and People and Examples
•Opportunities to practice in a safe environment

76. Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency with technology
•Access to Tools, Spaces and People and Examples
•Opportunities to practice in a safe environment
•High expectations for success

77. Teens need. . .
•To learn about entrepreneurial thinking and decision-
making processes-- “Effectual logic”
•Proficiency with technology
•Access to Tools, Spaces and People and Examples
•Opportunities to practice in a safe environment
•High expectations for success
•To see entrepreneurship as part of their path

78. Expanding Our Capacity

80. Learn new skills

81. Model
entrepreneurial
thinking & processes

82. Embrace
organizational
entrepreneurship

83. Help teens dream and build on passions & strengths

84. Find the
opportunities in
challenges &
problems

85. Share examples & make connections

86. Integrate entrepreneurship into planning & conversations

87. Learn & teach the “effectual logic” of entrepreneurship

88. How do you control an uncertain future?

89. Explore OpenIDEO (ww.openideo.com)

90. Studio E Resources
•Explore the Studio E website
•Join us for Try It Tuesdays
•Start implementing the ideas with your students
•Share your feedback and ideas with us

91. Info
www.youthstudio-e.com
michelemmartin@gmail.com