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Canadian Youth Business Foundation BE THE BOSS. Become an Entrepreneur Helping young entrepreneurs start and run successful businesses!
Canadian Youth Business Foundation
BE THE BOSS. Become an Entrepreneur
Helping young entrepreneurs
start and run successful
businesses!
Canadian Youth Business Foundation
CYBF’s 4 Core Services
Pre-Launch Coaching
Start-Up Financing
Mentoring
Business Resources
Canadian Youth Business Foundation
Themes to Discuss
The Demographic Challenge and
Succession Planning
Start-ups, Millenials and
Incubators
Canadian Youth Business Foundation
8% 9%10%
12%13%
14%16%
19%
23%
25%26%
4% 4% 4% 4% 4%5%
6%8%
10%
13%
15%
0%
5%
10%
15%
20%
25%
30%
1950 1970 1990 2010 2030 2050
Developed World Developing World
Percent of Population
Aged 65 & Over:
History and UN Projection
Source: UN (2005)
Every 7 seconds
a Boomer turns 50
The Whole World is Aging
Canadian Youth Business Foundation
Source: Urban Futures: A Perfect Storm by Andrew Ramlo and Ryan Berlin
40
35
30
25
20
15
10
0
Mill
ions
An Entrepreneurial Advantage?
• Over the next 15 years, throughout the mature industrial economies, the numbers of exit-level
workers – over 55 years old – will exceed the domestic entry-level recruitment pool – 16 to 30 year
olds – and the demand for labor will exceed the supply.
A projected shortage of 2 million workers in Canada by the end of the decade
Labor Needed
Labour Available
2003 2013 2023 2033 2043 2053
Canadian Youth Business Foundation
1100 stores
225 stores
Millennials Will Kill Costco
Dead Brands Walking
Canadian Youth Business Foundation
Start Up Generation by Intuit
The Problem
Youth unemployment rates are double the
National average.
Millennials (1980-1995) are shaking off
a labour market that doesn’t speak to them
Motivated by the opportunity to chart their
own course vs. money and status
The Answer
Don’t dismiss; but understand, champion & encourage
engagement and participation
Supports - financial literacy part of curriculum,
more access to business development education and
more mentorship/incubator programs.
Canadian Youth Business Foundation
Help Me Come Home
Walk, Bike or 10 minute drive to work
A less expensive alternative
More than just Christmas, Thanksgiving and
Easter holidays
Return to roots
Green
Commute to work ~ 60 minutes each way
High cost
Away from family and childhood friends
City-raised family
Concrete
Focus On: Affordability, Proximity to Family/Friends, Safety, Pretty
Canadian Youth Business Foundation
Win, Win, Win
Town
Maintains tax base
Attractive to visitors
and industry
Vibrancy
Owner(s)
Conduit to cash
Existing relationships
Decreased start-up
capital and time
Entrepreneur / CYBF
Quick ramp up time
Fixed assets at a fraction
of new
Financial track record
Prosperity
Canadian Youth Business Foundation
Suggested Initiatives
Keys to Success
Don’t try to emulate big cities
Sell the community externally (partners)
The Family hasn’t left
Owner retirement surveys
Retention increases when
paired with a mentor
Embrace millennial needs/differences
Community involvement, participation,
and leadership
Canadian Youth Business Foundation
• Received $50K funding from town
to cover utilities and expenses
• Negotiate head lease, 8 spaces
provide choice of retail or office
spaces
• All workshops are free to tenants
• 7 out of the 14 businesses have
“graduated” within the first 12
months of operation
RABC – Rocky Mountain House, AB
Canadian Youth Business Foundation
Rob Price [email protected]
403-265-2923 www.cybf.ca
Join the conversation:
@CYBFCanada
CYBF.FCJE
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