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Practical examples and possibilities in promoting youth entrepreneurship Epp Vodja JA Eesti

Practical examples and possibilities in promoting youth entrepreneurship Epp Vodja JA Eesti. Junior Achievement Estonia. NGO delivering programmes for educating young entrepreneurial people in (for) Estonia. Member of JA-YE Europe (42 countries) and JA Worldwide. JA Eesti in Estonia.

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Practical examples and possibilities in promoting youth entrepreneurship Epp Vodja JA Eesti

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  1. Practical examples and possibilities in promoting youth entrepreneurshipEpp VodjaJA Eesti

  2. Junior Achievement Estonia NGO delivering programmes for educating young entrepreneurial people in (for) Estonia. Member of JA-YE Europe (42 countries) and JA Worldwide

  3. JA Eesti in Estonia

  4. The Best practices against youth unemployment • Student Company • Job Shadow Day • Entrepreneurship education from early childhood

  5. European Commission, 2005 Student company programme is one of the best tools for educating young entrepreneurial generation.

  6. Student Company programme in Estonia1992 – 2 2011 – 150 2012 - 200?

  7. What is a Student Company - Active Learning programme – real business simulation; - Good tool for getting knowledge – but more important: - learning teamwork and leadership - experiencing responsibility - obtaining self-confidence - discovering new features in people…. - FUN, FUN, FUN

  8. Student Company in Estonia • Part of a lesson or extracurricular activity • Voluntary or mandatory • The whole class or in small groups What is different in Estonia • Also outside of school

  9. Facilitators Teacher – teaches, gives directions, follows the process, says NO…, helps out of holes Business consultant – role model, relates to real business, mentor.

  10. What is it all about? 1.Launching a company2. Drawing a business plan (KISS)3. Running a company 4. Closing a company

  11. Launching - Choosing a product or a service- Deciding about management- Choosing a name - Allocation of responsibilities - Deciding about the need for capital - Registration in JA Estonia

  12. Business plan Business idea What? Whom? How? Market research Customers? Competitors? SWOT Budget, profit and loss forecast Risk analysis

  13. Running the SC Production or delivering a service Supplying (cheap material!!!) Marketing Selling Teamwork Accounting PR and work with employees, Time planning, etc

  14. Closing Conclusions Final report Profit allocation or – covering the loss? Closing Certificate from JA Estonia

  15. FUN? • Regional trade fairs (ca 6-7) • Annual JA Estonia Trade Fair in Tallinn Kristiine Shopping Centre (2011 – 94 SCs) • Student Company Competition • Conference for international SC-s • Training sessions in management, marketing, accounting, presentation skills.

  16. Foreign relations JA Estonia is a member of JA-YE Europe Trade fairs in other countries European SC trade fair (2012 in Switzerland) European SC competition Enterprise without Borders program

  17. Our top is the top • 2003 STAFF(Paide Ühisgümnaasium)– III in European competitions in Londonis • 2004 R@(Tsirguliina)– II in Malta • 2006 Volli –II Switzerland • 2007 GLOVE –IIin Berlin • 2009 Roheline Jälg (Touch of Green) I in Rotterdam

  18. Tänan tähelepanu eest! Epp Vodja

  19. What is it all about? (Results in UK during 40 years) • Alumni of student companies creates twice as many businesses as their peers 14 % versus 7 % • They manage more their own companies. • 29 % of them have been in entepreneurs. • In age18 -21: SC - 16 %, RG-3 % • In age 30-40: SC- 32 %, RG 18 %

  20. ALso others have higher salaries

  21. Attitude towards work

  22. Results in Estonia We have Karoli Hindriks and Sten Saar: traffic reflectors and copybooks with formulars (sold in 5 European countries). Both say: we did not dare to think about business before.

  23. A good tool against unemployment • Matheco – 2 different companies created • Easier to get job • Winners get benefits for going to universities

  24. More often Alumni of SC programme create their business in the field they have studied after graduating their studies

  25. More important • Self confidence and new perspectives

  26. We still need our own research • Short period • Lack of money

  27. Job Shadow Day • One shadow to one person • One day Purpose: to get an insight to the future job

  28. Benefits from JSD For a student • Knowledge (what is the day like) • Relations • Real job offer For a company • Marketing • Feedback • Employees

  29. Student Company programme is supported by

  30. Thank you for your attention! epp@ja.ee

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