Young people encouraged to become Entrepreneurs

24 Mar
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Dominic Andersen-Strudwick, Founder and CEO of The Australian Youth Entrepreneurship Foundation said he approves of Bond’s new Transformer project. Picture: Emily Bradfield

By Emily Bradfield , Bond University Journalism student

Young people under pressure from high youth unemployment rates are being encouraged to consider entrepreneurship.

Dominic Andersen-Strudwick, founder and CEO of the Australian Youth Entrepreneurship Foundation, said involvement is key.

“Governments need to be investing more in entrepreneurship,” he said

“The rate for youth unemployment in outback Queensland is now 36.6%.

“We are talking about 15 to 24 year olds in Queensland’s backyard and they have a youth unemployment rate that is double Syria’s.

“If they’re allowing that to happen something is wrong.”

The Australian Youth Entrepreneurship Foundation is a non-for-profit organisation which runs a four-hour business start-up seminar for youth to grow their own business.

Mr Andersen-Strudwick, studying a Bachelor of International Relations at Bond University, said he started the program in 2014 because he wanted to inspire young Australians to be the best they could be.

“It sucks to start a business as a young person, essentially it takes you too long,” he said.

“Three dollars an hour for internships and apprenticeships minus tax, and you’re still working for someone else.

“At the end of the day you’re still working to build someone else’s dream.”

The Foundation’s Youth Entrepreneurship Seminar (YES) is designed for youth and is the only one of its kind in Australia.

Almost three-quarters of Bond University students surveyed said they were concerned about unemployment after graduation.

Bond Law student Nick Faulks said he was wary about his options after graduation.

“Myself as a law student, there’s about a million law graduates a year and only 228,000 jobs made available every year,” he said.

“I study Law and International Relations and the best hope I’ve got for a job is in private business.

“It’s never been like that before.”

Mr Faulks says high wages and business expenses mean you can’t get in at the ground level any more so people are forced to look at the chain and jump in at higher areas.

“Entrepreneurship is like jumping the queue,” he said.

Bond has responded to the growing need and will provide an opportunity for students to build business ideas.

Transformer, which is scheduled to start in May, is a voluntary program open to students of all faculties to explore and develop ideas.

Program Manager, Shilo Brosnan describes the project as a work experience opportunity on campus.

“Transformer aims to develop highly valued skills in the workplace such as creative problem solving, big picture thinking, initiative and evidence-based decision-making,” she said.

“They are producing real work outputs and they can use them as examples of their capabilities.

“Importantly, they are working to produce something that they have chosen.”

Mr Faulks said projects like YES and Transformer will indirectly help to decrease youth unemployment rates.

“Young people can generally think about big ideas but they can’t really put them into action, it’s a big problem our generation has,” he said.

“So if you can teach young people how to fit the mould and get their ideas to come to fruition a lot easier then it’s perfect and it could have tremendous economic advantages.”


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