Jay Maharjan (03.04.09)
In the time of the recession, I hear more people discussing the need for ‘sustainable’ innovation. As the legendary venture capitalist Eugene Kleiner would say – Even turkeys can fly in a high wind. In the times of strong economies, even bad companies can look good -. We need a new breed of entrepreneurs who understands the meaning of sustainable innovation and its impact in creating sustainable competitive advantage – creating companies and innovations that can weather through the tough economic times.
It is time for America to look at entrepreneurship from a whole new dimension. We need to address entrepreneurship at the grass roots and pre-college level. Gone are the days when getting a college degree would give you a pass to get a good job. Introducing a couple of college entrepreneurship courses won’t cut it anymore. What is innovation? Innovation requires dedicated entrepreneurs with right attitude, drive, and persistance to take risk. Xylus Sand has written an appropriate piece on innovation.
Innovation doesn’t come from the antiquated academic structure geared towards the industrial revolution of the 20th century. The world is changing. People and governments around the world are focusing on innovation…and the easy accessibility to innovative tools, combined with diminishing barrier to entry and the fast changing dynamics of social, political and economic condition is strongly influencing what once was the regional monopoly on innovation. But, the beauty is this is nothing new – the Union weathered through depression, several economic downturns and always came out strong. It can be done again, but we must follow different strategy – the strategy that will demand to bring about changes at the fundamental level.
We need to focus on youth entrepreneurship. Entrepreneurial acumen needs to come at an early age. Picasso once said – Every child is an artist. The problem is how to remain an artist once we grow up -.. Creativity, entrepreneurial, innovative drive dies when we grow older. It is important to keep creativity, inquisitive mindset, the DRIVE alive. Reforming education can be a polarizing topic, but introducing entrepreneurship in classrooms across America soon should be a no-brainer. Inclusion of entrepreneurial themed courses could expedite the much needed reform across the board.
On my blog and on my twitter page, I receive several emails and DMs everyday from Kids, teens and college students who are passionate about entrepreneurship. Its inspiring to see kids working with their parents and starting websites to offer advice on managing money. High school kids are developing successful business models out of social media sites like MySpace and Facebook – the concept that boardrooms across America are scrambling to understand. College film students are bootstrapping and developing studio quality movies.
I will be featuring some of the mind blowing entrepreneurial ventures sent to our blog. Stay tuned!
Like always, as so many of you have already done, feel free to email ideas, comments, feedback on our effort. Ideas4entrepreneur@gmail.com, 877 466 2360
Here is a small list of websites relevant to youth entrepreneurship –Start Slide Show with PicLens Lite
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