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

“Entrepreneurship and the fear of failure”

October 20111

Work Readiness | Entrepreneurship | Financial Literacy

INTRODUCTIONJunior Achievement was founded in USA in 1919.JA is the worldwide largest provider of entrepreneurship education programmes, reaching 9.8 million students in 124 countries and 30 languages.

MISSIONTo inspire and prepare young people to succeed in a global economyVALUESOur 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.


What is JA WW?


What is JA-YE Europe?

Education for Entrepreneurship

Skills for EmployabilityFinancial Capability

JA-YE Europe is a not-for-profit organization based in Brussels, Belgium and is also the European headquarters for

JA Worldwide® www.ja.org


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)


What is JA-YE?


What is JA-YE?

Europe in 201024.72 hours/student/year

14.51 €/student/year

596,198 students inspecial activities


What is JA-YE?

Public and Private partnersworking together

JA-YEEUROPE

TEACHING

SKILLS +

BUSINESSES

PRIVATE SECTOR

PUBLIC SECTOR

360°


JA-YE Programmes

JA-YE ProgrammesCurricula 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 dimensionSchool teachers and volunteers are our multipliersMore and more IT enhancements and new delivery channels;

combination of face-to-face and online is a winnerShort programmes; one-day programmes; full-year programmes; extra-

curricular activitiesComprehensive materials for educators, volunteers and studentsEndorsed/supported by Ministries of Education; mapped to standard

curriculaAll is project-based; student-centred ‘innovative’ learningEvery program includes business engagement: thousands of partnerships

with local and international businesses plus employee volunteeringSustainable infrastructure and experienced practitioners and teachers in

every country to disseminate, train, coordinate, monitor...


JA-YE Programmes


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


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


JA-YE Programmes

Impact on attitude/motivationSTUDENTS 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%


JA-YE Programmes

Below 21 years 0,0 %21 - 24 years old 14,8 %25 - 28 years old 10,4 %29 + 26,6 %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?


JA-YE Programmes

Alumni1. Greater appreciation of their skills and the

opportunities available 2. More passionate about their jobs3. More successful in their careers 4. Better future earnings5. 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 business7. Most significant experience they drew upon when

establishing and building their venture.8. More likely to get involved in voluntary work.

JA Spain

Junior Achievement Spain www.fundacionjaes.org was created in March 2001, and is a member of JA-YE Europe www.ja-ye.org.

Milestones: In the academic year 2010-2011, 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.


Junior Achievement Spain

http://www.fundacionjaes.org/

http://www.ja-ye.org/

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:


What is JA?

Iniciación a la Vida Laboral | Formación Emprendedora | Educación Financiera

Educational ProgrammesPRIMARY 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.


Educational Programmes

Educational ProgrammesMIDDLE 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.



Educational ProgrammesSECONDARY 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?



Educational ProgrammesSIMULATED 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?



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?




UNIVERSITY (+18 years)


My first marketing research. My first business plan. My first business venture. My first job on my own.



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.




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

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


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


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


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 2009. 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


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


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


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



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



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


Sponsors & Friends

Silver

Bronze

ADEFAM AIESEC Arturo Soria Plaza

AJE Blu:sens EDEM

ERCROS ESADE Fundación Banesto Sociedad y Tecnología

Fundación Canal Fundación Empresa y Sociedad Grupo Leche Pascual

IE Business School Fundación Universidad Empresa Junta Castilla La Mancha

Ministerio de Educación Ministerio de Industria DG PYME MMT Estudiantes

Revista Emprendedores RRHH Press.com SECOT

The Boston Consulting Group Thinking Heads Universal Pictures

Universidad de Valladolid Zonzoo

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.


Awards


C/Diego de León, 47 - Bajo Izquierda. 28006 Madrid. SpainPhone: +34 914 176 781; Fax: +34 912 053 032

[email protected] Spain: www.fundacionjaes.org; JA-YE Europe: www.ja-ye.org; JA Worldwide: www.ja.org

The Future is...

... In the classrooms


http://www.fundacionjaes.org/

http://www.ja-ye.org/

http://www.ja.org/

THANK YOU!

Documents

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