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integrated youth research & communications




                                             1
40
  LEEDS
LONDON
      2

          youth connectivity
                  insight, strategy, creative, media



                                                       2
2000




       youth connectivity
               insight, strategy, creative, media



                                                    3
2000




       youth connectivity
               insight, strategy, creative, media



                                                    3
2000




       youth connectivity
               insight, strategy, creative, media



                                                    4
2000




       youth connectivity
               insight, strategy, creative, media



                                                    4
MARKETING



RESEARCH           INTERACTIVE

             youth connectivity
                       insight, strategy, creative, media



                                                            5
research
full service agency in tune with technology

                                              6
Q
    N




Q
    L




                               research
        full service agency in tune with technology

                                                      6
40 0,000

                    Unique Resource

37,000
                    Informer Youth Panel of 37,000
                    Schools Panel of over 400,000
                    Virtual Focus Groups
                    Family Panels, Student Panels




                                                     7
Business Link
Capturing the Enterprise
Potential of Young People
across the Yorkshire & Humber region

                                       8
Overview
  Youth Enterprise Landscape      Segmentation & Channel Strategies

   Enterprise Potential Scoring    Enterprise Potential Segments

   Business Aspiration Scale       Educational & Occupational Segments

   Business Engagement Scale            Employed (16-25s)

                                        School Students (14-16s)
   Influences on Enterprise
                                        College / 6th Form Students (16-18s)
   Business Information Needs
                                        University Students (18-25s)

                                        NEETs (16-25s)


                                                                               9
Part One
                                  Frequency                  Mean Average 212
  Youth Enterprise Landscape

  1261 respondents

   Enterprise Potential Scoring

   Business Aspiration Scale

   Business Engagement Scale

   Influences on Enterprise

   Business Information Needs
                                              Enterprise Potential Score


                                                                                10
Enterprise Potential
                       Frequency                  Mean Average 212




                                   Enterprise Potential Score


                                                                     11
Enterprise Potential
                                             Frequency                  Mean Average 212
  Aggregate scoring over 34 factors

   Normal distribution: skew to lower mean

   No significant age differences




                                                         Enterprise Potential Score


                                                                                           11
Frequency                  Mean Average 212



Enterprise Potential
  Aggregate scoring over 34 factors

   Normal distribution: skew to lower mean

   No significant age differences

   Males score 10% higher than females
                                                         Enterprise Potential Score




                                                                                           11
Frequency                  Mean Average 212



Enterprise Potential
  Aggregate scoring over 34 factors

   Normal distribution: skew to lower mean

   No significant age differences

   Males score 10% higher than females
                                                         Enterprise Potential Score
   BMEs score higher overall




                                                                                           11
Frequency                  Mean Average 212



Enterprise Potential
  Aggregate scoring over 34 factors

   Normal distribution: skew to lower mean

   No significant age differences

   Males score 10% higher than females
                                                         Enterprise Potential Score
   BMEs score higher overall

   North & West York most enterprising




                                                                                           11
Frequency                  Mean Average 212



Enterprise Potential
  Aggregate scoring over 34 factors

   Normal distribution: skew to lower mean

   No significant age differences

   Males score 10% higher than females
                                                         Enterprise Potential Score
   BMEs score higher overall

   North & West York most enterprising

   NEETs & Uni Students score lowest


                                                                                           11
Business
Aspiration Scale




                   12
Business
Aspiration Scale
  7 /10 believe that anyone can set up in
  business
  8 /10 believe that anyone can be self-
  employed




                                            12
Business
Aspiration Scale
    7 /10 believe that anyone can set up in
    business
    8 /10 believe that anyone can be self-
    employed
Positive thinking to capitalise on:
    Nearly 60% feel that self-employment is
    a possibility in their 20s or before
    Nearly 40% of feel that setting up in
    business is a possibility in 20s or before

                                                 12
Business
Aspiration Scale
    7 /10 believe that anyone can set up in
    business
    8 /10 believe that anyone can be self-
    employed
Positive thinking to capitalise on:
    Nearly 60% feel that self-employment is
    a possibility in their 20s or before         Employed young people and school pupils
                                                 have much higher business aspirations than
    Nearly 40% of feel that setting up in
                                                 those at University or College (p12)
    business is a possibility in 20s or before

                                                                                              12
Business
Engagement Scale
               I run my own business / self-employed and pay VAT

        I run my own business / self-employed and do not pay VAT

I am in the process of setting up my own business / self-employed

I am thinking about setting up and have spoken to people about it

                  I have some ideas but have not followed them up

                            I have some very vague business ideas

I have never thought about business ideas or setting up in business

I would never want to set up in business or become self-employed


                                                                      13
Business
Engagement Scale
                                                                      0.7
               I run my own business / self-employed and pay VAT

                                                                          1.5
        I run my own business / self-employed and do not pay VAT

                                                                                4.1
I am in the process of setting up my own business / self-employed

                                                                                             12.1
I am thinking about setting up and have spoken to people about it

                                                                                                                      23.5
                  I have some ideas but have not followed them up

                                                                                                        17.9
                            I have some very vague business ideas

                                                                                                                                  28.8
I have never thought about business ideas or setting up in business

                                                                                            11.3
I would never want to set up in business or become self-employed
                                                                                      7.5          15          22.5          30
                                                                      0

                                                                                                                                         13
Business
Engagement Scale
                       0.7




                             1.5




                                   4.1




                                                  12.1




                                                                            23.5




                                                              17.9




                                                                                        28.8




                                               11.3


                                                                     22.5          30
                                         7.5             15
                   0




                                                                                               14
Business
Engagement Scale
                                                 0.7


  6 out of 10 respondents have business
  ideas they wish to explore                           1.5




  3 out of 10 have ever looked for support                   4.1




  or information on how to progress ideas                                   12.1



  63% of those with business ideas have
                                                                                                      23.5

  never looked for further information on
  taking their idea further                                                             17.9




  Only 1 in 10 specifically exclude setting                                                                        28.8




  up in business or self employment                                      11.3


                                                                                               22.5          30
                                                                   7.5             15
                                             0




                                                                                                                         14
Business
Engagement Scale
                                             Opportunity
                                                 0.7


  6 out of 10 respondents have business
  ideas they wish to explore                        Huge potential for enterprise within
                                                       1.5




  3 out of 10 have ever looked for support         young people’s minds which is lying
                                                             4.1




  or information on how to progress ideas          dormant: can we harness this?
                                                                            12.1



  63% of those with business ideas have             How do we reduce barriers to young
                                                                                                      23.5

  never looked for further information on          people taking an idea “just one step
  taking their idea further                        further”?                            17.9




  Only 1 in 10 specifically exclude setting                                                                        28.8




  up in business or self employment                                      11.3


                                                                                               22.5          30
                                                                   7.5             15
                                             0




                                                                                                                         14
Influences on
Enterprise
Negative Factors                                  Positive Factors
  74% stated that it is hard to find money to
  back their ideas
  7 out of 10 do not know where to get
  started
  Over half think it is too risky and prefer to
  settle for a job




                                                                     15
Influences on
Enterprise
Negative Factors                                  Positive Factors
  74% stated that it is hard to find money to        Personality traits that that make it more likely to
  back their ideas                                  set up in business, or do it successfully: risk
  7 out of 10 do not know where to get              profile; determination; ambition; goal-setting etc
  started                                           Proximity to people in business (Friends or
  Over half think it is too risky and prefer to     relatives)
  settle for a job                                  Future planning: vision of the future
                                                    Access to capital / finance
                                                    Other circumstantial conditions : being made
                                                    redundant, pressure of a more dynamic partner


                                                                                                          15
Influences on
Enterprise
Negative Factors
  74% stated that it is hard to find money to
  back their ideas
  7 out of 10 do not know where to get
  started
  Over half think it is too risky and prefer to
  settle for a job




                                                  15
Influences on
Enterprise
Negative Factors
  74% stated that it is hard to find money to
  back their ideas
  7 out of 10 do not know where to get
  started
  Over half think it is too risky and prefer to
  settle for a job




                                                  16
Influences on
Enterprise
                                                                                          0%   20%
Negative Factors
                                                                                                         40%         60%    80%
                                                                  Hard to find money                                           74%


                                                             Don’t know how to start                                       68%
  74% stated that it is hard to find money to
  back their ideas                                          Too risky / prefer safe job                            51%

  7 out of 10 do not know where to get            Don’t know where to get information                          45%
  started
                                                       My ideas are not good enough                          40%
  Over half think it is too risky and prefer to
  settle for a job                                            Information I get is poor                29%


                                                     Not something for people like me            22%


                                                           Can’t find a partner to help           21%


                                                  People close to me have put me off           16%



                                                                                                                                 16
Influences on
Enterprise                                 1
1 Enterprise Education
  Young people exposed to Enterprise
  Education exhibit higher levels of aspiration
  67% of those who have received EE are
  thinking about business ideas or have
  taken them further, compared with only
  57% of those who have not received EE
  18% of those who received EE are talking
  to people about their ideas, compared with
  only 10% of those without EE


                                                  17
Influences on
                                           1
                                                  I run my own business / self-employed and pay VAT
                                                  I run my own business / self-employed and do not pay VAT
                                                  I am in the process of setting up my own business / self-employed
                                                  I am thinking about setting up and have spoken to people about it



Enterprise
                                                  I have some ideas but have not followed them up
                                                  I have some very vague business ideas
                                                  I have never thought about business ideas or setting up in business
                                                  I would never want to set up in business or become self-employed



                                                       100




1 Enterprise Education
  Young people exposed to Enterprise                   75



  Education exhibit higher levels of aspiration
  67% of those who have received EE are
  thinking about business ideas or have                50




  taken them further, compared with only
  57% of those who have not received EE
  18% of those who received EE are talking
                                                       25




  to people about their ideas, compared with
  only 10% of those without EE
                                                        0




                                                              With EE                 No EE

                                                                                                                        17
Influences on
                                           1
                                                  I run my own business / self-employed and pay VAT
                                                  I run my own business / self-employed and do not pay VAT
                                                  I am in the process of setting up my own business / self-employed
                                                  I am thinking about setting up and have spoken to people about it



Enterprise
                                                  I have some ideas but have not followed them up
                                                  I have some very vague business ideas
                                                  I have never thought about business ideas or setting up in business
                                                  I would never want to set up in business or become self-employed




1 Enterprise Education
  Young people exposed to Enterprise
  Education exhibit higher levels of aspiration
  67% of those who have received EE are
  thinking about business ideas or have
  taken them further, compared with only
  57% of those who have not received EE
  18% of those who received EE are talking
  to people about their ideas, compared with
  only 10% of those without EE


                                                                                                                        17
Influences on
                                           1
                                                  I run my own business / self-employed and pay VAT
                                                  I run my own business / self-employed and do not pay VAT
                                                  I am in the process of setting up my own business / self-employed
                                                  I am thinking about setting up and have spoken to people about it



Enterprise
                                                  I have some ideas but have not followed them up
                                                  I have some very vague business ideas
                                                  I have never thought about business ideas or setting up in business
                                                  I would never want to set up in business or become self-employed




1 Enterprise Education
  Young people exposed to Enterprise
  Education exhibit higher levels of aspiration
  67% of those who have received EE are
  thinking about business ideas or have
  taken them further, compared with only
  57% of those who have not received EE
  18% of those who received EE are talking
  to people about their ideas, compared with
  only 10% of those without EE


                                                                                                                        18
Influences on
                                           1
                                                  I run my own business / self-employed and pay VAT
                                                  I run my own business / self-employed and do not pay VAT
                                                  I am in the process of setting up my own business / self-employed
                                                  I am thinking about setting up and have spoken to people about it



Enterprise
                                                  I have some ideas but have not followed them up
                                                  I have some very vague business ideas
                                                  I have never thought about business ideas or setting up in business
                                                  I would never want to set up in business or become self-employed



                                                      100%

                                                                                                        Colleges
1 Enterprise Education
                                                                                                        Only
  Young people exposed to Enterprise                   75%



  Education exhibit higher levels of aspiration
  67% of those who have received EE are
  thinking about business ideas or have                50%




  taken them further, compared with only
  57% of those who have not received EE
  18% of those who received EE are talking
                                                       25%




  to people about their ideas, compared with
  only 10% of those without EE
                                                       0%




                                                              With EE                 No EE

                                                                                                                        18
Influences on
Enterprise                                 1
1 Enterprise Education
  Young people exposed to Enterprise
  Education exhibit higher levels of aspiration
  67% of those who have received EE are
  thinking about business ideas or have
  taken them further, compared with only
  57% of those who have not received EE
  18% of those who received EE are talking
  to people about their ideas, compared with
  only 10% of those without EE


                                                  18
Influences on
Enterprise                                 1
1 Enterprise Education                            EP Score

  Young people exposed to Enterprise
  Education exhibit higher levels of aspiration
  67% of those who have received EE are
  thinking about business ideas or have           Business Aspiration scale (EE/No EE)
  taken them further, compared with only
  57% of those who have not received EE
  18% of those who received EE are talking
  to people about their ideas, compared with
  only 10% of those without EE
                                                                            1 = highly unlikely:
                                                                            10 = highly likely



                                                                                                   19
Influences on
Enterprise                                 1
1 Enterprise Education                            Opportunity
                                                   EP Score
                                                   Integrate BusinessLink offer and branding
  Young people exposed to Enterprise
                                                   with Enterprise Education resources to
  Education exhibit higher levels of aspiration
                                                   signpost available support
  67% of those who have received EE are
  thinking about business ideas or have            Business Aspiration scale (EE/No EE) EP
                                                   Explore which EE programmes impact
  taken them further, compared with only           most through applying the EP scale within
  57% of those who have not received EE
                                                   schools and assessing differential results
  18% of those who received EE are talking
  to people about their ideas, compared with
  only 10% of those without EE
                                                                              1 = highly unlikely:
                                                                              10 = highly likely



                                                                                                     19
Influences on
Enterprise                                 1
                                                          100%




1 Enterprise Education                            Opportunity
                                                   Integrate BusinessLink offer and branding
  Young people exposed to Enterprise
                                                   with Enterprise Education resources to
                                                          75%




  Education exhibit higher levels of aspiration
                                                   signpost available support
  67% of those who have received EE are
  thinking about business ideas or have            Explore which EE programmes impact EP
                                                          50%




  taken them further, compared with only           most through applying the EP scale within
  57% of those who have not received EE
                                                   schools and assessing differential results
                                                          25%

  18% of those who received EE are talking
  to people about their ideas, compared with
  only 10% of those without EE
                                                           0%




                                                                 With EE   No EE

                                                                                                20
Influences on
                                          1
                                                    I run my own business / self-employed and pay VAT
                                                    I run my own business / self-employed and do not pay VAT
                                                    I am in the process of setting up my own business / self-employed
                                                    I am thinking about setting up and have spoken to people about it



Enterprise
                                                    I have some ideas but have not followed them up
                                                    I have some very vague business ideas
                                                    I have never thought about business ideas or setting up in business
                                                    I would never want to set up in business or become self-employed



                                                        100%




Opportunity Education
 1 Enterprise
 Integrate BusinessLink offer and branding
    Young people exposed to Enterprise
 with Enterprise Education resources to
                                                         75%




    Education exhibit higher levels of aspiration
 signpost available support
   67% of those who have received EE are
 Explore which EE programmes impact EP
   thinking about business ideas or have                 50%




   taken them further, compared with only
 most through applying the EP scale within
   57% of those who have not received EE
 schools and assessing differential results              25%

    18% of those who received EE are talking
    to people about their ideas, compared with
    only 10% of those without EE
                                                         0%




                                                                With EE                 No EE

                                                                                                                          20
Influences on
Enterprise              2
2 Business Information Needs
                               Who would you go to
                               for Business Advice?




                                                      21
Influences on
Enterprise              2           Someone I know in business
                                    Family / Friend
                                                                    Careers Adviser
                                                                    Business Websites
                                    Business Support Service        Teacher / Tutor

2 Business Information Needs   60
                                    Enterprise Education Rep


                                                                 Who would you go to
                                                                 for Business Advice?
                               45




                               30




                               15




                                0

                                                   % of top 3 answers

                                                                                        21
Influences on
Enterprise                                2                 Someone I know in business
                                                            Family / Friend
                                                                                            Careers Adviser
                                                                                            Business Websites
                                                            Business Support Service        Teacher / Tutor

2 Business Information Needs                           60
                                                            Enterprise Education Rep


                                                                                         Who would you go to
  Careers advisers feature second in the list as the                                     for Business Advice?
  person 50% of young people would go to for           45

  advice about setting up in business.
  Over half would visit someone they knew that
                                                       30
  was already in business, or with a family/friend.

                                                       15




                                                        0

                                                                           % of top 3 answers

                                                                                                                21
Influences on
Enterprise                                2                 Someone I know in business
                                                            Family / Friend
                                                                                            Careers Adviser
                                                                                            Business Websites
                                                            Business Support Service        Teacher / Tutor

2 Business Information Needs                           60
                                                            Enterprise Education Rep


                                                                                         Who would you go to
  Careers advisers feature second in the list as the                                     for Business Advice?
  person 50% of young people would go to for           45

  advice about setting up in business.
  Over half would visit someone they knew that
                                                       30
  was already in business, or with a family/friend.
  It was felt that existing resources catered for
                                                       15
  those “already engaged” - reflected in the low
  usage of business support websites.
                                                        0

                                                                           % of top 3 answers

                                                                                                                21
Social
networking
 for young
  business
  people?




             22
Influences on
Enterprise              2
2 Business Information Needs   Online Resource
                                 There is a need for a comprehensive but
                                 simple, jargon-busting, site on how to set up
                                 my own business
                                 Young people and teachers suggested
                                 interactive applications and networks for
                                 young enterprising people to share
                                 experiences, be introduced to mentors, learn
                                 from advice




                                                                                 23
Influences on
Enterprise                                2
2 Business Information Needs                        Online Resource
                                                      There is a need for a comprehensive but
  Access to a mentor network appealed more to         simple, jargon-busting, site on how to set up
  young people - but where do they go for this?       my own business
  School pupils felt that information on startups     Young people and teachers suggested
  was more important than access to finance            interactive applications and networks for
                                                      young enterprising people to share
                                                      experiences, be introduced to mentors, learn
                                                      from advice




                                                                                                      23
Influences on
Enterprise                                2
2 Business Information Needs                        Online Resource
                                                      There is a need for a comprehensive but
  Access to a mentor network appealed more to         simple, jargon-busting, site on how to set up
  young people - but where do they go for this?       my own business
  School pupils felt that information on startups     Young people and teachers suggested
  was more important than access to finance            interactive applications and networks for
  Case studies seen as less important overall         young enterprising people to share
                                                      experiences, be introduced to mentors, learn
                                                      from advice




                                                                                                      23
Influences on
Enterprise                                2
2 Business Information Needs                        Online Resource
                                                      There is a need for a comprehensive but
  Access to a mentor network appealed more to         simple, jargon-busting, site on how to set up
  young people - but where do they go for this?       my own business
  School pupils felt that information on startups     Young people and teachers suggested
  was more important than access to finance            interactive applications and networks for
  Case studies seen as less important overall         young enterprising people to share
                                                      experiences, be introduced to mentors, learn
                                                      from advice




                                                                                                      23
Influences on
Enterprise                                2
2 Business Information Needs                        Online Resource
                                                    Opportunity
                                                      Createis&a signpost a youth-friendly
                                                       There      need for a comprehensive but
  Access to a mentor network appealed more to        destination site for enterprising youth:
                                                       simple, jargon-busting, site on how to set up
  young people - but where do they go for this?        my own business
                                                     jargon-free & interactive
  School pupils felt that information on startups      Young people and teachers suggested
  was more important than access to finance            Create resources and introduce training
                                                       interactive applications and networks for
  Case studies seen as less important overall        for Careers Advisers
                                                       young enterprising people to share
                                                       experiences, be introduced to mentors, learn
                                                       from advice




                                                                                                       23
Part Two
                                               Frequency                  Mean Average 212
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)
                                                           Enterprise Potential Score


                                                                                             24
Part Two
                                               Frequency                  Mean Average 212
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)
                                                           Enterprise Potential Score


                                                                                             24
Part Two
                                               Frequency                         Mean Average 212
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)
                                                           EPS1          EPS2      EPS3        EPS4

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)
                                                                  Enterprise Potential Score


                                                                                                      24
EPS Segmentation
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)


                                               25
EPS Segmentation
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)


                                               25
EPS Segmentation




                   26
EPS Segmentation
 Enterprise Potential Segments                                          100




    Business Engagement Scale
  I run my own business / self-employed and pay VAT                     75


  I run my own business / self-employed and do not pay VAT
  I am in the process of setting up my own business / self-employed
  I am thinking about setting up and have spoken to people about it
  I have some ideas but have not followed them up
  I have some very vague business ideas                                 50


  I have never thought about business ideas or setting up in business
  I would never want to set up in business or become self-employed

    Higher EPS groups are much more of a                                25



    target market for BusinessLink services:
    however 4 in 10 of the top group have
    never looked for Business Information                                0



                                                                              EPS1   EPS2   EPS3   EPS4



                                                                                                          26
EPS Segmentation
 Enterprise Potential Segments

    Business Engagement Scale
  I run my own business / self-employed and pay VAT
  I run my own business / self-employed and do not pay VAT
  I am in the process of setting up my own business / self-employed
  I am thinking about setting up and have spoken to people about it
  I have some ideas but have not followed them up
  I have some very vague business ideas
  I have never thought about business ideas or setting up in business
  I would never want to set up in business or become self-employed

    Higher EPS groups are much more of a
    target market for BusinessLink services:
    however 4 in 10 of the top group have
    never looked for Business Information


                                                                        26
EPS Segmentation




                   27
EPS Segmentation
 Enterprise Potential Segments    100




      Business Aspiration Scale
  1       2     3     4    5
                                  75




  6       7     8     9    10


                                  50




                                  25




                                   0



                                        EPS1   EPS2   EPS3   EPS4



                                                                    27
EPS Segmentation
  Enterprise Potential Segments                 100




        Business Aspiration Scale
    1       2     3     4     5
                                                75




    6       7     8     9     10

 EPS4 already thinking this is the route they   50


 wish to take

        EPS3 also highly positive about         25


        enterprise

        Key Business Link targets
                                                 0



                                                      EPS1   EPS2   EPS3   EPS4



                                                                                  27
EPS Targeting   1


                    28
EPS Targeting                           1
 Enterprise Potential Segments                                        High EPS Groupings



   Influences on Enterprise

   EPS3 & 4 have different barriers to entry
   than lower segments
     Access to Finance a key concern for higher
     EP scoring individuals                       Low EPS Groupings

     Lower groups are more risk averse &
     worried that their ideas are not good
     enough




                                                                                           28
EPS Targeting                           1
 Enterprise Potential Segments                                        High EPS Groupings



   Influences on Enterprise

   EPS3 & 4 have different barriers to entry
   than lower segments
     Access to Finance a key concern for higher
     EP scoring individuals                       Low EPS Groupings

     Lower groups are more risk averse &
     worried that their ideas are not good
     enough
   Careers advisers key mentors to lower
   EPS groups: friends/family for high EPS


                                                                                           28
EPS Targeting                           1
 Enterprise Potential Segments
                                                  Opportunity                High EPS Groupings
                                                   Investigate characteristics of EPS4 (and
   Influences on Enterprise                         EPS3): typologies, skills, media
   EPS3 & 4 have different barriers to entry       Run the EP scale across the Region’s
   than lower segments                             schools to target future high-flyers and
     Access to Finance a key concern for higher
     EP scoring individuals                        streamlineEPS Groupings
                                                          Low
                                                              their access to resources
     Lower groups are more risk averse &
     worried that their ideas are not good
     enough
   Careers advisers key mentors to lower
   EPS groups: friends/family for high EPS


                                                                                                  28
EPS Targeting                                  2
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)


                                                   29
EPS Targeting                                  2
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)


                                                   29
EPS Targeting                                  2
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

        Employed (16-25s)

        School Students (14-16s)

        College / 6th Form Students (16-18s)

        University Students (18-25s)

        NEETs (16-25s)


                                                   29
EPS Targeting                       2
  Segmentation & Channel Strategies

   Enterprise Potential Segments

   Educational & Occupational Segments

     Young people in employment register
     the highest EP scores

     School and College students higher
     than University scores

     NEETs register the lowest scores


                                           30
EPS Targeting                             2
  Segmentation & Channel Strategies

   Business Aspiration Scale

   Does FE/HE take the edge off enterprise?

     School and Employed groups most interested
     in the choice of enterprise in the future

     University students have significantly lower high
     enterprise aspiration (even lower than NEET)

     College students also seem to be on “career
     path” and do not consider enterprise as a
     serious option
                                                        1-4   5-7   8-10

                                                                           31
EPS Targeting                             2
  Segmentation & Channel Strategies                     100



   Business Aspiration Scale
                                                        75

   Does FE/HE take the edge off enterprise?
                                                        50
     School and Employed groups most interested
     in the choice of enterprise in the future

     University students have significantly lower high   25

     enterprise aspiration (even lower than NEET)

     College students also seem to be on “career         0
     path” and do not consider enterprise as a            Employed    Uni   NEET   College      School
     serious option
                                                                     1-4     5-7         8-10

                                                                                                         31
EPS Targeting                             2
  Segmentation & Channel Strategies

   Business Aspiration Scale

   Does FE/HE take the edge off enterprise?

     School and Employed groups most interested
     in the choice of enterprise in the future

     University students have significantly lower high
     enterprise aspiration (even lower than NEET)

     College students also seem to be on “career
     path” and do not consider enterprise as a
     serious option
                                                        1-4   5-7   8-10

                                                                           31
EPS Targeting                              2
  Segmentation & Channel Strategies

   Business Engagement Scale
     Employed grouping has more ideas, more
     activity in the enterprise arena than any other
     grouping

     Schools and colleges have relatively high (over
     20%) proportions of people with ideas who are
     beginning to talk with others about enterprise

     University grouping much less interested in
     self-employment as a route (15% scored 8-10)

     Unexplored ideas found in every group             I would never want to set up in business or become self-employed
                                                       I have some very vague business ideas
                                                                                                                           I have never thought about business ideas or setting up in business
                                                                                                                           I have some ideas but have not followed them up
                                                       I am thinking about setting up and have spoken to people about it   I am in the process of setting up my own business / self-employed
                                                       I run my own business / self-employed and do not pay VAT            I run my own business / self-employed and pay VAT




                                                                                                                                                                                                 32
EPS Targeting                              2
  Segmentation & Channel Strategies                    100




   Business Engagement Scale                            75




     Employed grouping has more ideas, more
     activity in the enterprise arena than any other
     grouping                                           50




     Schools and colleges have relatively high (over
     20%) proportions of people with ideas who are      25


     beginning to talk with others about enterprise

     University grouping much less interested in
     self-employment as a route (15% scored 8-10)        0



                                                          Employed                         Uni                     NEET        College                     School
     Unexplored ideas found in every group             I would never want to set up in business or become self-employed
                                                       I have some very vague business ideas
                                                                                                                           I have never thought about business ideas or setting up in business
                                                                                                                           I have some ideas but have not followed them up
                                                       I am thinking about setting up and have spoken to people about it   I am in the process of setting up my own business / self-employed
                                                       I run my own business / self-employed and do not pay VAT            I run my own business / self-employed and pay VAT




                                                                                                                                                                                                 32
Targeting                                 2
  Summary
   Key stage to harness entrepreneurial
 expectations is at School
   Employed grouping has highest engagement
 with business, most ideas, highest potential to
 progress with help
   University languishing in lack of aspiration, but
 with high potential, and more EPS4 characteristics




                                                       33
Targeting                                 2
  Summary                                              Opportunity
   Key stage to harness entrepreneurial                  Engage more directly with school pupils
 expectations is at School                              in the early years and present enterprise
   Employed grouping has highest engagement
                                                        as a “real” alternative to FE/HE routes
 with business, most ideas, highest potential to
 progress with help                                      Focus on colleges as centres of
   University languishing in lack of aspiration, but    Enterprise: signpost this as the pathway
 with high potential, and more EPS4 characteristics     for entrepreneurs




                                                                                                    33
College /                      Enterprise Potential
                                                                   Joint second highest score (212) and second largest slice of EPS4


                                    6th Form                       Business Aspiration & Engagement
                                                                   Second largest engagement factor: 2 in 5 have vague ideas; 1 in 5
                                                                   are exploring ideas; and less than 1 in 10 exclude business as an

                                    Students                       option. However, their aspirations are less than those in school or
                                                                   employment, implying a loss of interest, and in spite of high


                                    (16-18s)                       potential and many ideas.

                                                                   Perceived Barriers
                                                                   Risk and “knowing how to get started” are less of an issue here,
                                                                   but money resurfaces as a concern (perhaps linked to risk,
Opportunities                                                      unconsciously)
 Engage tutors/teachers/careers advisers with key enterprise
                                                                   Information Needs
messages: provide resources
                                                                   Business websites and family and friends are the main sources of
  Direct online resources to those in FE to encourage engagement   information. Access to finance, business planning information and
and widen horizons: educate about business opportunities in        a mentor network are most needed. 60% of those who have never
each subject area
                                                                   looked for information see Careers Advisers as a key sources
  Provide more directive enterprise education for 6th forms and
                                                                   BusinessLink
colleges
                                                                   High awareness (44%) but in spite of many ideas, little contact
                                                                   (12%)


                                                                                                                                         34
Enterprise Potential

                                   University                      Below average levels of EP (210), nonetheless one of the highest
                                                                   proportions of the highest potential group (EPS4)


                                   Students                        Business Aspiration & Engagement
                                                                   Very low likelihood to have business ideas: 20% have had ideas
                                                                   but never followed them up; 30% have never had any ideas; 10%

                                   (18-25s)                        never want to involved in enterprise. 2nd lowest aspiration level.

                                                                   Perceived Barriers
                                                                   Money less of a barrier - but highest level of concern is around risk.
                                                                   Career and academic requirements may interfere with other
                                                                   aspirations.
Opportunities                                                      Information Needs
 Reduce focus on Universities as centres for Entrepreneurship?     Business websites are as important as careers advisers, and
Abandon efforts in preference to other areas?
                                                                   networks of mentors are more highly desired, as well as business
  Understand more about Enterprise opportunities for University    planning. For those in EPS4 groupings, access to finance is a
students: eg business modules within academic courses              particular motivator.
  Recruit EPS4 students for Business Clubs, incubator units, and
                                                                   BusinessLink
networking opportunities
                                                                   Highest awareness but almost as low a usage as NEETs: 5%.
                                                                   53% have never heard of BusinessLink



                                                                                                                                        35
Summary Recommendations
OVERALL
   Create Enterprise Education Scale: target resources
effectively at correct stages: also at higher EPS scores
   Improve online resources for young people: create
interactive modules & (mentor) support networks:
“MySpace for MyBusiness”
  Careers Advisers are key signposts for students: may
require more resources, training, signposts for students
  Colleges as key centres to provide a pathway for
entrepreneurs: signpost & resaource

                                                           36
What if we put them into action?
                                          Frequency                  Mean Average 212
  Higher Enterprise Potential

  More Entrepreneurs

   More targeted programmes to
   educate young people

   Better resources to inspire and
   support their ideas

   Direct help from those close to them

   Signposted practical college courses
                                                      Enterprise Potential Score


                                                                                        37
What if we put them into action?
                                          Frequency                  Mean Average 212
  Higher Enterprise Potential

  More Entrepreneurs

   More targeted programmes to
   educate young people

   Better resources to inspire and
   support their ideas

   Direct help from those close to them

   Signposted practical college courses
                                                      Enterprise Potential Score


                                                                                        37
What if we put them into action?
                                          Frequency                  Mean Average 212
  Higher Enterprise Potential

  More Entrepreneurs
                                                                                   Evaluation
   More targeted programmes to
   educate young people

   Better resources to inspire and
   support their ideas

   Direct help from those close to them

   Signposted practical college courses
                                                      Enterprise Potential Score


                                                                                                37
Enterprise Network

 Ongoing Database for Communications

 Online Interface and Presentation

 Easy Access for YPEF, Partners, Schools

 Updated whenever, wherever (not by whoever!)

 Potential for staffroom, groups, networks




                                                38
39
YPEF Research

 200 schools across Yorkshire & the Humber

 200 Enterprise Champions interviewed

 Enterprise Education tracking

 Regional comparisons

 Database of Enterprise Coordinators




                                             40
Enterprise Education
Delivery                                  External   In-House



  In your opinion, what percentage of
  your school’s Enterprise Education
  is developed and delivered in-house
  and what percentage is developed
  and delivered using external delivery
  organisations / partners?




                                                                41
Enterprise Education
Delivery                                  External    In-House



  In your opinion, what percentage of
  your school’s Enterprise Education                 30%
  is developed and delivered in-house
  and what percentage is developed
  and delivered using external delivery    70%
  organisations / partners?




                                                                 41
1 = No impact
                                                                      2
                                                                      3

Enterprise Education Impact                                           4
                                                                      5 = High impact




  In your opinion, what percentage of
  your school’s Enterprise Education
  is developed and delivered in-house
  and what percentage is developed
  and delivered using external delivery
  organisations / partners?


Motivation    Motivation      Attainment    Behaviour in Attendance       Preparation
of students    of staff          levels    school / college levels           for life
                                                                                        42
1 = No impact
                                                                                                     2
                                                                                                     3

Enterprise Education Impact                                                                          4
                                                                                                     5 = High impact




                                                                                                                               50
                                                                                                                     45
       44
     In your opinion, 41
                      what percentage of
                                      42
                                                                                                                          40

     your 32
          school’s Enterprise Education                      35                       36                                       37.5
                                         31
     is developed and delivered in-house                          28
                         25
                                                                                                                           25
     and what percentage is developed
     20                                                                                    20

     and delivered using external delivery
                      19

                                                        17
                                                                                 18
                                       16
                                                                       13   16

                                                                                                                12         12.5
     organisations / partners?
                            10
                                              8
                                                                                                11

                                                    7
                 5


                                                                                                                           0
 3
                                  2                                                                         2




Motivation           Motivation       Attainment    Behaviour in Attendance                              Preparation
of students           of staff           levels    school / college levels                                  for life
                                                                                                                                    42
1 = No contribution at all
                                                                                         2
                                                                                         3

Enterprise Education Impact                                                              4
                                                                                         5 = Great contribution




      In your opinion, what percentage of
      your school’s Enterprise Education
      is developed and delivered in-house
      and what percentage is developed
      and delivered using external delivery
      organisations / partners?


Increasing business     Increasing        Raising aspirations of   Encouraging young     Influencing career
   and economic       employability /       pupils / students      people to consider         choices
   understanding      enterprise skills                            setting up business
                                                                                                                      43
1 = No contribution at all
                                                                                         2
                                                                                         3

Enterprise Education Impact                                                              4
                                                                                         5 = Great contribution




                                                                                                               50

      In your opinion, what percentage of
      your school’s Enterprise Education                                                                       37.5

      is developed and delivered in-house
                                                                                                               25
      and what percentage is developed
      and delivered using external delivery
                                                                                                               12.5
      organisations / partners?

                                                                                                               0
Increasing business     Increasing        Raising aspirations of   Encouraging young     Influencing career
   and economic       employability /       pupils / students      people to consider         choices
   understanding      enterprise skills                            setting up business
                                                                                                                      43
College Hub


 Self-evaluation Survey for Colleges

  80 Qs max, 8 sections

  5-10 people from each college can participate

 Points system to compare across college network

 Sharing of Best Practice online




                                                   44
45
46
47
48
great potential
integrated youth research & communications




                                             49

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YPEF-Dubit Business Link Enterprise-Potential Research

  • 1. our company integrated youth research & communications 1
  • 2. 40 LEEDS LONDON 2 youth connectivity insight, strategy, creative, media 2
  • 3. 2000 youth connectivity insight, strategy, creative, media 3
  • 4. 2000 youth connectivity insight, strategy, creative, media 3
  • 5. 2000 youth connectivity insight, strategy, creative, media 4
  • 6. 2000 youth connectivity insight, strategy, creative, media 4
  • 7. MARKETING RESEARCH INTERACTIVE youth connectivity insight, strategy, creative, media 5
  • 8. research full service agency in tune with technology 6
  • 9. Q N Q L research full service agency in tune with technology 6
  • 10. 40 0,000 Unique Resource 37,000 Informer Youth Panel of 37,000 Schools Panel of over 400,000 Virtual Focus Groups Family Panels, Student Panels 7
  • 11. Business Link Capturing the Enterprise Potential of Young People across the Yorkshire & Humber region 8
  • 12. Overview Youth Enterprise Landscape Segmentation & Channel Strategies Enterprise Potential Scoring Enterprise Potential Segments Business Aspiration Scale Educational & Occupational Segments Business Engagement Scale Employed (16-25s) School Students (14-16s) Influences on Enterprise College / 6th Form Students (16-18s) Business Information Needs University Students (18-25s) NEETs (16-25s) 9
  • 13. Part One Frequency Mean Average 212 Youth Enterprise Landscape 1261 respondents Enterprise Potential Scoring Business Aspiration Scale Business Engagement Scale Influences on Enterprise Business Information Needs Enterprise Potential Score 10
  • 14. Enterprise Potential Frequency Mean Average 212 Enterprise Potential Score 11
  • 15. Enterprise Potential Frequency Mean Average 212 Aggregate scoring over 34 factors Normal distribution: skew to lower mean No significant age differences Enterprise Potential Score 11
  • 16. Frequency Mean Average 212 Enterprise Potential Aggregate scoring over 34 factors Normal distribution: skew to lower mean No significant age differences Males score 10% higher than females Enterprise Potential Score 11
  • 17. Frequency Mean Average 212 Enterprise Potential Aggregate scoring over 34 factors Normal distribution: skew to lower mean No significant age differences Males score 10% higher than females Enterprise Potential Score BMEs score higher overall 11
  • 18. Frequency Mean Average 212 Enterprise Potential Aggregate scoring over 34 factors Normal distribution: skew to lower mean No significant age differences Males score 10% higher than females Enterprise Potential Score BMEs score higher overall North & West York most enterprising 11
  • 19. Frequency Mean Average 212 Enterprise Potential Aggregate scoring over 34 factors Normal distribution: skew to lower mean No significant age differences Males score 10% higher than females Enterprise Potential Score BMEs score higher overall North & West York most enterprising NEETs & Uni Students score lowest 11
  • 21. Business Aspiration Scale 7 /10 believe that anyone can set up in business 8 /10 believe that anyone can be self- employed 12
  • 22. Business Aspiration Scale 7 /10 believe that anyone can set up in business 8 /10 believe that anyone can be self- employed Positive thinking to capitalise on: Nearly 60% feel that self-employment is a possibility in their 20s or before Nearly 40% of feel that setting up in business is a possibility in 20s or before 12
  • 23. Business Aspiration Scale 7 /10 believe that anyone can set up in business 8 /10 believe that anyone can be self- employed Positive thinking to capitalise on: Nearly 60% feel that self-employment is a possibility in their 20s or before Employed young people and school pupils have much higher business aspirations than Nearly 40% of feel that setting up in those at University or College (p12) business is a possibility in 20s or before 12
  • 24. Business Engagement Scale I run my own business / self-employed and pay VAT I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it I have some ideas but have not followed them up I have some very vague business ideas I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed 13
  • 25. Business Engagement Scale 0.7 I run my own business / self-employed and pay VAT 1.5 I run my own business / self-employed and do not pay VAT 4.1 I am in the process of setting up my own business / self-employed 12.1 I am thinking about setting up and have spoken to people about it 23.5 I have some ideas but have not followed them up 17.9 I have some very vague business ideas 28.8 I have never thought about business ideas or setting up in business 11.3 I would never want to set up in business or become self-employed 7.5 15 22.5 30 0 13
  • 26. Business Engagement Scale 0.7 1.5 4.1 12.1 23.5 17.9 28.8 11.3 22.5 30 7.5 15 0 14
  • 27. Business Engagement Scale 0.7 6 out of 10 respondents have business ideas they wish to explore 1.5 3 out of 10 have ever looked for support 4.1 or information on how to progress ideas 12.1 63% of those with business ideas have 23.5 never looked for further information on taking their idea further 17.9 Only 1 in 10 specifically exclude setting 28.8 up in business or self employment 11.3 22.5 30 7.5 15 0 14
  • 28. Business Engagement Scale Opportunity 0.7 6 out of 10 respondents have business ideas they wish to explore Huge potential for enterprise within 1.5 3 out of 10 have ever looked for support young people’s minds which is lying 4.1 or information on how to progress ideas dormant: can we harness this? 12.1 63% of those with business ideas have How do we reduce barriers to young 23.5 never looked for further information on people taking an idea “just one step taking their idea further further”? 17.9 Only 1 in 10 specifically exclude setting 28.8 up in business or self employment 11.3 22.5 30 7.5 15 0 14
  • 29. Influences on Enterprise Negative Factors Positive Factors 74% stated that it is hard to find money to back their ideas 7 out of 10 do not know where to get started Over half think it is too risky and prefer to settle for a job 15
  • 30. Influences on Enterprise Negative Factors Positive Factors 74% stated that it is hard to find money to Personality traits that that make it more likely to back their ideas set up in business, or do it successfully: risk 7 out of 10 do not know where to get profile; determination; ambition; goal-setting etc started Proximity to people in business (Friends or Over half think it is too risky and prefer to relatives) settle for a job Future planning: vision of the future Access to capital / finance Other circumstantial conditions : being made redundant, pressure of a more dynamic partner 15
  • 31. Influences on Enterprise Negative Factors 74% stated that it is hard to find money to back their ideas 7 out of 10 do not know where to get started Over half think it is too risky and prefer to settle for a job 15
  • 32. Influences on Enterprise Negative Factors 74% stated that it is hard to find money to back their ideas 7 out of 10 do not know where to get started Over half think it is too risky and prefer to settle for a job 16
  • 33. Influences on Enterprise 0% 20% Negative Factors 40% 60% 80% Hard to find money 74% Don’t know how to start 68% 74% stated that it is hard to find money to back their ideas Too risky / prefer safe job 51% 7 out of 10 do not know where to get Don’t know where to get information 45% started My ideas are not good enough 40% Over half think it is too risky and prefer to settle for a job Information I get is poor 29% Not something for people like me 22% Can’t find a partner to help 21% People close to me have put me off 16% 16
  • 34. Influences on Enterprise 1 1 Enterprise Education Young people exposed to Enterprise Education exhibit higher levels of aspiration 67% of those who have received EE are thinking about business ideas or have taken them further, compared with only 57% of those who have not received EE 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 17
  • 35. Influences on 1 I run my own business / self-employed and pay VAT I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it Enterprise I have some ideas but have not followed them up I have some very vague business ideas I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed 100 1 Enterprise Education Young people exposed to Enterprise 75 Education exhibit higher levels of aspiration 67% of those who have received EE are thinking about business ideas or have 50 taken them further, compared with only 57% of those who have not received EE 18% of those who received EE are talking 25 to people about their ideas, compared with only 10% of those without EE 0 With EE No EE 17
  • 36. Influences on 1 I run my own business / self-employed and pay VAT I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it Enterprise I have some ideas but have not followed them up I have some very vague business ideas I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed 1 Enterprise Education Young people exposed to Enterprise Education exhibit higher levels of aspiration 67% of those who have received EE are thinking about business ideas or have taken them further, compared with only 57% of those who have not received EE 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 17
  • 37. Influences on 1 I run my own business / self-employed and pay VAT I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it Enterprise I have some ideas but have not followed them up I have some very vague business ideas I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed 1 Enterprise Education Young people exposed to Enterprise Education exhibit higher levels of aspiration 67% of those who have received EE are thinking about business ideas or have taken them further, compared with only 57% of those who have not received EE 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 18
  • 38. Influences on 1 I run my own business / self-employed and pay VAT I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it Enterprise I have some ideas but have not followed them up I have some very vague business ideas I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed 100% Colleges 1 Enterprise Education Only Young people exposed to Enterprise 75% Education exhibit higher levels of aspiration 67% of those who have received EE are thinking about business ideas or have 50% taken them further, compared with only 57% of those who have not received EE 18% of those who received EE are talking 25% to people about their ideas, compared with only 10% of those without EE 0% With EE No EE 18
  • 39. Influences on Enterprise 1 1 Enterprise Education Young people exposed to Enterprise Education exhibit higher levels of aspiration 67% of those who have received EE are thinking about business ideas or have taken them further, compared with only 57% of those who have not received EE 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 18
  • 40. Influences on Enterprise 1 1 Enterprise Education EP Score Young people exposed to Enterprise Education exhibit higher levels of aspiration 67% of those who have received EE are thinking about business ideas or have Business Aspiration scale (EE/No EE) taken them further, compared with only 57% of those who have not received EE 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 1 = highly unlikely: 10 = highly likely 19
  • 41. Influences on Enterprise 1 1 Enterprise Education Opportunity EP Score Integrate BusinessLink offer and branding Young people exposed to Enterprise with Enterprise Education resources to Education exhibit higher levels of aspiration signpost available support 67% of those who have received EE are thinking about business ideas or have Business Aspiration scale (EE/No EE) EP Explore which EE programmes impact taken them further, compared with only most through applying the EP scale within 57% of those who have not received EE schools and assessing differential results 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 1 = highly unlikely: 10 = highly likely 19
  • 42. Influences on Enterprise 1 100% 1 Enterprise Education Opportunity Integrate BusinessLink offer and branding Young people exposed to Enterprise with Enterprise Education resources to 75% Education exhibit higher levels of aspiration signpost available support 67% of those who have received EE are thinking about business ideas or have Explore which EE programmes impact EP 50% taken them further, compared with only most through applying the EP scale within 57% of those who have not received EE schools and assessing differential results 25% 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 0% With EE No EE 20
  • 43. Influences on 1 I run my own business / self-employed and pay VAT I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it Enterprise I have some ideas but have not followed them up I have some very vague business ideas I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed 100% Opportunity Education 1 Enterprise Integrate BusinessLink offer and branding Young people exposed to Enterprise with Enterprise Education resources to 75% Education exhibit higher levels of aspiration signpost available support 67% of those who have received EE are Explore which EE programmes impact EP thinking about business ideas or have 50% taken them further, compared with only most through applying the EP scale within 57% of those who have not received EE schools and assessing differential results 25% 18% of those who received EE are talking to people about their ideas, compared with only 10% of those without EE 0% With EE No EE 20
  • 44. Influences on Enterprise 2 2 Business Information Needs Who would you go to for Business Advice? 21
  • 45. Influences on Enterprise 2 Someone I know in business Family / Friend Careers Adviser Business Websites Business Support Service Teacher / Tutor 2 Business Information Needs 60 Enterprise Education Rep Who would you go to for Business Advice? 45 30 15 0 % of top 3 answers 21
  • 46. Influences on Enterprise 2 Someone I know in business Family / Friend Careers Adviser Business Websites Business Support Service Teacher / Tutor 2 Business Information Needs 60 Enterprise Education Rep Who would you go to Careers advisers feature second in the list as the for Business Advice? person 50% of young people would go to for 45 advice about setting up in business. Over half would visit someone they knew that 30 was already in business, or with a family/friend. 15 0 % of top 3 answers 21
  • 47. Influences on Enterprise 2 Someone I know in business Family / Friend Careers Adviser Business Websites Business Support Service Teacher / Tutor 2 Business Information Needs 60 Enterprise Education Rep Who would you go to Careers advisers feature second in the list as the for Business Advice? person 50% of young people would go to for 45 advice about setting up in business. Over half would visit someone they knew that 30 was already in business, or with a family/friend. It was felt that existing resources catered for 15 those “already engaged” - reflected in the low usage of business support websites. 0 % of top 3 answers 21
  • 48. Social networking for young business people? 22
  • 49. Influences on Enterprise 2 2 Business Information Needs Online Resource There is a need for a comprehensive but simple, jargon-busting, site on how to set up my own business Young people and teachers suggested interactive applications and networks for young enterprising people to share experiences, be introduced to mentors, learn from advice 23
  • 50. Influences on Enterprise 2 2 Business Information Needs Online Resource There is a need for a comprehensive but Access to a mentor network appealed more to simple, jargon-busting, site on how to set up young people - but where do they go for this? my own business School pupils felt that information on startups Young people and teachers suggested was more important than access to finance interactive applications and networks for young enterprising people to share experiences, be introduced to mentors, learn from advice 23
  • 51. Influences on Enterprise 2 2 Business Information Needs Online Resource There is a need for a comprehensive but Access to a mentor network appealed more to simple, jargon-busting, site on how to set up young people - but where do they go for this? my own business School pupils felt that information on startups Young people and teachers suggested was more important than access to finance interactive applications and networks for Case studies seen as less important overall young enterprising people to share experiences, be introduced to mentors, learn from advice 23
  • 52. Influences on Enterprise 2 2 Business Information Needs Online Resource There is a need for a comprehensive but Access to a mentor network appealed more to simple, jargon-busting, site on how to set up young people - but where do they go for this? my own business School pupils felt that information on startups Young people and teachers suggested was more important than access to finance interactive applications and networks for Case studies seen as less important overall young enterprising people to share experiences, be introduced to mentors, learn from advice 23
  • 53. Influences on Enterprise 2 2 Business Information Needs Online Resource Opportunity Createis&a signpost a youth-friendly There need for a comprehensive but Access to a mentor network appealed more to destination site for enterprising youth: simple, jargon-busting, site on how to set up young people - but where do they go for this? my own business jargon-free & interactive School pupils felt that information on startups Young people and teachers suggested was more important than access to finance Create resources and introduce training interactive applications and networks for Case studies seen as less important overall for Careers Advisers young enterprising people to share experiences, be introduced to mentors, learn from advice 23
  • 54. Part Two Frequency Mean Average 212 Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) Enterprise Potential Score 24
  • 55. Part Two Frequency Mean Average 212 Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) Enterprise Potential Score 24
  • 56. Part Two Frequency Mean Average 212 Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) EPS1 EPS2 EPS3 EPS4 College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) Enterprise Potential Score 24
  • 57. EPS Segmentation Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) 25
  • 58. EPS Segmentation Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) 25
  • 60. EPS Segmentation Enterprise Potential Segments 100 Business Engagement Scale I run my own business / self-employed and pay VAT 75 I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it I have some ideas but have not followed them up I have some very vague business ideas 50 I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed Higher EPS groups are much more of a 25 target market for BusinessLink services: however 4 in 10 of the top group have never looked for Business Information 0 EPS1 EPS2 EPS3 EPS4 26
  • 61. EPS Segmentation Enterprise Potential Segments Business Engagement Scale I run my own business / self-employed and pay VAT I run my own business / self-employed and do not pay VAT I am in the process of setting up my own business / self-employed I am thinking about setting up and have spoken to people about it I have some ideas but have not followed them up I have some very vague business ideas I have never thought about business ideas or setting up in business I would never want to set up in business or become self-employed Higher EPS groups are much more of a target market for BusinessLink services: however 4 in 10 of the top group have never looked for Business Information 26
  • 63. EPS Segmentation Enterprise Potential Segments 100 Business Aspiration Scale 1 2 3 4 5 75 6 7 8 9 10 50 25 0 EPS1 EPS2 EPS3 EPS4 27
  • 64. EPS Segmentation Enterprise Potential Segments 100 Business Aspiration Scale 1 2 3 4 5 75 6 7 8 9 10 EPS4 already thinking this is the route they 50 wish to take EPS3 also highly positive about 25 enterprise Key Business Link targets 0 EPS1 EPS2 EPS3 EPS4 27
  • 66. EPS Targeting 1 Enterprise Potential Segments High EPS Groupings Influences on Enterprise EPS3 & 4 have different barriers to entry than lower segments Access to Finance a key concern for higher EP scoring individuals Low EPS Groupings Lower groups are more risk averse & worried that their ideas are not good enough 28
  • 67. EPS Targeting 1 Enterprise Potential Segments High EPS Groupings Influences on Enterprise EPS3 & 4 have different barriers to entry than lower segments Access to Finance a key concern for higher EP scoring individuals Low EPS Groupings Lower groups are more risk averse & worried that their ideas are not good enough Careers advisers key mentors to lower EPS groups: friends/family for high EPS 28
  • 68. EPS Targeting 1 Enterprise Potential Segments Opportunity High EPS Groupings Investigate characteristics of EPS4 (and Influences on Enterprise EPS3): typologies, skills, media EPS3 & 4 have different barriers to entry Run the EP scale across the Region’s than lower segments schools to target future high-flyers and Access to Finance a key concern for higher EP scoring individuals streamlineEPS Groupings Low their access to resources Lower groups are more risk averse & worried that their ideas are not good enough Careers advisers key mentors to lower EPS groups: friends/family for high EPS 28
  • 69. EPS Targeting 2 Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) 29
  • 70. EPS Targeting 2 Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) 29
  • 71. EPS Targeting 2 Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Employed (16-25s) School Students (14-16s) College / 6th Form Students (16-18s) University Students (18-25s) NEETs (16-25s) 29
  • 72. EPS Targeting 2 Segmentation & Channel Strategies Enterprise Potential Segments Educational & Occupational Segments Young people in employment register the highest EP scores School and College students higher than University scores NEETs register the lowest scores 30
  • 73. EPS Targeting 2 Segmentation & Channel Strategies Business Aspiration Scale Does FE/HE take the edge off enterprise? School and Employed groups most interested in the choice of enterprise in the future University students have significantly lower high enterprise aspiration (even lower than NEET) College students also seem to be on “career path” and do not consider enterprise as a serious option 1-4 5-7 8-10 31
  • 74. EPS Targeting 2 Segmentation & Channel Strategies 100 Business Aspiration Scale 75 Does FE/HE take the edge off enterprise? 50 School and Employed groups most interested in the choice of enterprise in the future University students have significantly lower high 25 enterprise aspiration (even lower than NEET) College students also seem to be on “career 0 path” and do not consider enterprise as a Employed Uni NEET College School serious option 1-4 5-7 8-10 31
  • 75. EPS Targeting 2 Segmentation & Channel Strategies Business Aspiration Scale Does FE/HE take the edge off enterprise? School and Employed groups most interested in the choice of enterprise in the future University students have significantly lower high enterprise aspiration (even lower than NEET) College students also seem to be on “career path” and do not consider enterprise as a serious option 1-4 5-7 8-10 31
  • 76. EPS Targeting 2 Segmentation & Channel Strategies Business Engagement Scale Employed grouping has more ideas, more activity in the enterprise arena than any other grouping Schools and colleges have relatively high (over 20%) proportions of people with ideas who are beginning to talk with others about enterprise University grouping much less interested in self-employment as a route (15% scored 8-10) Unexplored ideas found in every group I would never want to set up in business or become self-employed I have some very vague business ideas I have never thought about business ideas or setting up in business I have some ideas but have not followed them up I am thinking about setting up and have spoken to people about it I am in the process of setting up my own business / self-employed I run my own business / self-employed and do not pay VAT I run my own business / self-employed and pay VAT 32
  • 77. EPS Targeting 2 Segmentation & Channel Strategies 100 Business Engagement Scale 75 Employed grouping has more ideas, more activity in the enterprise arena than any other grouping 50 Schools and colleges have relatively high (over 20%) proportions of people with ideas who are 25 beginning to talk with others about enterprise University grouping much less interested in self-employment as a route (15% scored 8-10) 0 Employed Uni NEET College School Unexplored ideas found in every group I would never want to set up in business or become self-employed I have some very vague business ideas I have never thought about business ideas or setting up in business I have some ideas but have not followed them up I am thinking about setting up and have spoken to people about it I am in the process of setting up my own business / self-employed I run my own business / self-employed and do not pay VAT I run my own business / self-employed and pay VAT 32
  • 78. Targeting 2 Summary Key stage to harness entrepreneurial expectations is at School Employed grouping has highest engagement with business, most ideas, highest potential to progress with help University languishing in lack of aspiration, but with high potential, and more EPS4 characteristics 33
  • 79. Targeting 2 Summary Opportunity Key stage to harness entrepreneurial Engage more directly with school pupils expectations is at School in the early years and present enterprise Employed grouping has highest engagement as a “real” alternative to FE/HE routes with business, most ideas, highest potential to progress with help Focus on colleges as centres of University languishing in lack of aspiration, but Enterprise: signpost this as the pathway with high potential, and more EPS4 characteristics for entrepreneurs 33
  • 80. College / Enterprise Potential Joint second highest score (212) and second largest slice of EPS4 6th Form Business Aspiration & Engagement Second largest engagement factor: 2 in 5 have vague ideas; 1 in 5 are exploring ideas; and less than 1 in 10 exclude business as an Students option. However, their aspirations are less than those in school or employment, implying a loss of interest, and in spite of high (16-18s) potential and many ideas. Perceived Barriers Risk and “knowing how to get started” are less of an issue here, but money resurfaces as a concern (perhaps linked to risk, Opportunities unconsciously) Engage tutors/teachers/careers advisers with key enterprise Information Needs messages: provide resources Business websites and family and friends are the main sources of Direct online resources to those in FE to encourage engagement information. Access to finance, business planning information and and widen horizons: educate about business opportunities in a mentor network are most needed. 60% of those who have never each subject area looked for information see Careers Advisers as a key sources Provide more directive enterprise education for 6th forms and BusinessLink colleges High awareness (44%) but in spite of many ideas, little contact (12%) 34
  • 81. Enterprise Potential University Below average levels of EP (210), nonetheless one of the highest proportions of the highest potential group (EPS4) Students Business Aspiration & Engagement Very low likelihood to have business ideas: 20% have had ideas but never followed them up; 30% have never had any ideas; 10% (18-25s) never want to involved in enterprise. 2nd lowest aspiration level. Perceived Barriers Money less of a barrier - but highest level of concern is around risk. Career and academic requirements may interfere with other aspirations. Opportunities Information Needs Reduce focus on Universities as centres for Entrepreneurship? Business websites are as important as careers advisers, and Abandon efforts in preference to other areas? networks of mentors are more highly desired, as well as business Understand more about Enterprise opportunities for University planning. For those in EPS4 groupings, access to finance is a students: eg business modules within academic courses particular motivator. Recruit EPS4 students for Business Clubs, incubator units, and BusinessLink networking opportunities Highest awareness but almost as low a usage as NEETs: 5%. 53% have never heard of BusinessLink 35
  • 82. Summary Recommendations OVERALL Create Enterprise Education Scale: target resources effectively at correct stages: also at higher EPS scores Improve online resources for young people: create interactive modules & (mentor) support networks: “MySpace for MyBusiness” Careers Advisers are key signposts for students: may require more resources, training, signposts for students Colleges as key centres to provide a pathway for entrepreneurs: signpost & resaource 36
  • 83. What if we put them into action? Frequency Mean Average 212 Higher Enterprise Potential More Entrepreneurs More targeted programmes to educate young people Better resources to inspire and support their ideas Direct help from those close to them Signposted practical college courses Enterprise Potential Score 37
  • 84. What if we put them into action? Frequency Mean Average 212 Higher Enterprise Potential More Entrepreneurs More targeted programmes to educate young people Better resources to inspire and support their ideas Direct help from those close to them Signposted practical college courses Enterprise Potential Score 37
  • 85. What if we put them into action? Frequency Mean Average 212 Higher Enterprise Potential More Entrepreneurs Evaluation More targeted programmes to educate young people Better resources to inspire and support their ideas Direct help from those close to them Signposted practical college courses Enterprise Potential Score 37
  • 86. Enterprise Network Ongoing Database for Communications Online Interface and Presentation Easy Access for YPEF, Partners, Schools Updated whenever, wherever (not by whoever!) Potential for staffroom, groups, networks 38
  • 87. 39
  • 88. YPEF Research 200 schools across Yorkshire & the Humber 200 Enterprise Champions interviewed Enterprise Education tracking Regional comparisons Database of Enterprise Coordinators 40
  • 89. Enterprise Education Delivery External In-House In your opinion, what percentage of your school’s Enterprise Education is developed and delivered in-house and what percentage is developed and delivered using external delivery organisations / partners? 41
  • 90. Enterprise Education Delivery External In-House In your opinion, what percentage of your school’s Enterprise Education 30% is developed and delivered in-house and what percentage is developed and delivered using external delivery 70% organisations / partners? 41
  • 91. 1 = No impact 2 3 Enterprise Education Impact 4 5 = High impact In your opinion, what percentage of your school’s Enterprise Education is developed and delivered in-house and what percentage is developed and delivered using external delivery organisations / partners? Motivation Motivation Attainment Behaviour in Attendance Preparation of students of staff levels school / college levels for life 42
  • 92. 1 = No impact 2 3 Enterprise Education Impact 4 5 = High impact 50 45 44 In your opinion, 41 what percentage of 42 40 your 32 school’s Enterprise Education 35 36 37.5 31 is developed and delivered in-house 28 25 25 and what percentage is developed 20 20 and delivered using external delivery 19 17 18 16 13 16 12 12.5 organisations / partners? 10 8 11 7 5 0 3 2 2 Motivation Motivation Attainment Behaviour in Attendance Preparation of students of staff levels school / college levels for life 42
  • 93. 1 = No contribution at all 2 3 Enterprise Education Impact 4 5 = Great contribution In your opinion, what percentage of your school’s Enterprise Education is developed and delivered in-house and what percentage is developed and delivered using external delivery organisations / partners? Increasing business Increasing Raising aspirations of Encouraging young Influencing career and economic employability / pupils / students people to consider choices understanding enterprise skills setting up business 43
  • 94. 1 = No contribution at all 2 3 Enterprise Education Impact 4 5 = Great contribution 50 In your opinion, what percentage of your school’s Enterprise Education 37.5 is developed and delivered in-house 25 and what percentage is developed and delivered using external delivery 12.5 organisations / partners? 0 Increasing business Increasing Raising aspirations of Encouraging young Influencing career and economic employability / pupils / students people to consider choices understanding enterprise skills setting up business 43
  • 95. College Hub Self-evaluation Survey for Colleges 80 Qs max, 8 sections 5-10 people from each college can participate Points system to compare across college network Sharing of Best Practice online 44
  • 96. 45
  • 97. 46
  • 98. 47
  • 99. 48
  • 100. great potential integrated youth research & communications 49