Why Global Entrepreneurship Week is important

PASS IT ON -  that ’s the theme for this year’s GEW week. It’s something we understand well at MNC. Our networking Club fundamentally believes that passing on  knowledge , skills, confidence and contacts are the key to building your businesses.  All our members and Managers support and encourage entrepreneurship from the start-ups to the flourishing. One of the most powerful people in the world knows this too.

"With the help of experienced entrepreneurs and companies, and through events like Global Entrepreneurship Week…, we can ensure our startups have access to the resources, connections and partnerships that will promote their success.” President Barack Obama  

This week,  to mark Global Entrepreneurship week we have a series of guest bloggers for you, from different continents , all  business women who will give you an insight into who they are and what they are up to in their lives.  If you need inspiration or resources for your business journey then make sure you explore this link http://www.gew.org.uk/resources/resources_for_businesses which will has a whole host of resources for you to download.

Why bother with GEW ? Well read on  to find out.

"In today's challenging economic climate, entrepreneurs need our support more than ever--and we need their success," said President Clinton "Often, it is small entrepreneurs that drive economic growth in their communities, creating jobs and opportunities for people who need them most."   

Why Global Entrepreneurship Week is important

“Global Entrepreneurship Week is about growing enterprise ambition and ensuring that those with ideas know where to get the support they need to make them a reality. It’s about creating jobs and opportunities: small business in the UK employs nearly 60 per cent of the workforce and contributes almost half of UK turnover.”
David Cameron, Prime Minister

‘GEW believe that a large national campaign to promote entrepreneurship is a vital part of making the UK more entrepreneurial, to encourage more people to start up their own business. The challenge we face is simple: whilst more than half of the population would like to start their own business, less than 5% actually do. These entrepreneurial ambitions are even more acute among certain demographic groups – particularly among young people and women. Young people in the UK are three times more likely to be unemployed than adults, and more than twice as many men start up businesses as women.’

Yet mass participation in activities designed to promote entrepreneurship and entrepreneurial thinking can have proven outcomes in addressing these issues. Global Entrepreneurship Week – which began life in the UK back in 2004 as Enterprise Week – is the world’s largest campaign to promote entrepreneurship and is recognised by organisations all over the UK as the highlight of the entrepreneurship calendar.’

As a result of the 2010 GEW campaign:

  • Young people who attended events during the week said that they were 35% less likely to put off by fear of failure
  • Some 45% of participants said that they were more likely to grow their business after attending an event during the week. 
  • There was an increase of 60% in the number of participants who considered entrepreneurship as a good career choice after the week.
Source http://www.gew.org.uk

So , there you have it – happy GEW!

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