Just this week the venerable publication The Economist shined a spotlight on the reality of the youth unemployment crisis. There are now estimated to be 290 million young people – 25% of all youth worldwide – who are not employed, pursing education or in a vocational training program. NFTE and entrepreneurship education are more vital than ever.
By Josh Flanders, NFTE South Florida Development Director
The statistics are staggering: there is a 16.2 % unemployment rate for American youth (ages 16-24), more than twice the national rate of unemployment. Even when young people stay in school, they face mounting debt and dwindling job opportunities. This is where NFTE comes in.
This was originally posted on the blog, Cravate Noire. To see the original post, click here.
NFTE (Network for Teaching Entrepreneurship)held their annual Gala at theWaldorf Astoriaon Tuesday April 23, 2013 in celebration of their25th anniversary. A unique program, NFTE teaches teenagers practical problem solving skills needed to take a business idea from conception to reality. Students learn everything from how to estimating the target market of their entrepreneurial ideas to writing & pitching business plans.
The following is a Q&A with NFTE Bay Area Board Member Dean Sivara; Mr. Sivara is the Vice President of Ideation for the Global Business Incubator at SAP.
Why are you involved with NFTE?
I have been involved with NFTE for 2 years. The organization focuses on introducing entrepreneur principles to under-privileged kids, which is an excellent cause to promote technology and entrepreneurship to kids who don’t have many resources in their young lives.
What motivates you?
Helping young people obtain more insights into how to start a business. Helping young people achieve business goals and push towards entering college.
Credibility is extremely important to the success of any entrepreneur. Individuals do business with people they trust and believe in. So how can a young entrepreneur gain the respect and credibility from customers and future investors?
1. Become an Expert of the Product or Service You are Selling
By: Ernst & Young LLP's McLean Tax Partner John Domenick
When I joined the Ernst & Young organization in 1999, the mindset of corporate responsibility stood out to me in every aspect of our business. Intrigued, impressed, excited — those were the words that came to mind when I was first introduced to Network for Teaching Entrepreneurship (NFTE) and its mission. After relocating to McLean, Virginia, in 2011, I got involved with the local high school class Ernst & Young LLP had recently adopted through NFTE's Adopt-a-Class program. I became leader of our Adopt-a-Class program shortly thereafter, recognizing its alignment with the firm's community engagement efforts.
I don’t know about you but I can always use an extra five minutes to complete a task or even an hour to wrap up everything I set out to complete in a day-- including this post.
How can you find time as an entrepreneur to be more productive? By design entrepreneurs have a plethora of roles to fulfill. What the Most Successful People Do Before Breakfast is a book I just read that has me constantly thinking about how I use my time. Specific changes to my routine haven’t become habit. However, I’m now constantly aware of how I use my time and that’s a start.