Current global youth employment trends signal a tough future ahead for today’s young people. According to the UN Sustainable Development Goals, around 75 million young people are currently unemployed worldwide, while 470 million new jobs need to be created by 2030 to sustain a growing global workforce.
The question we were all asked as children – “what do you want to be when you grow up?” – could soon very easily be replaced with: “how are you going to find a job when you grow up?”.
Gaining real skills for employment
At Teach a Man to Fish, a UK-based non-governmental organisation, we’re attempting to turn the tide on youth unemployment by providing opportunities for students to gain the skills they need to not only fill jobs, but create new ones.
Our programmes support schools around the world to start student-led businesses, which enable learners to gain essential 21st-century skills, while generating funds to support schools. In 2016, our student-led businesses earned an average net income of $780. But, perhaps more importantly, student-led businesses can introduce learners to the possibility of different pathways into employment, such as entrepreneurialism.
Our School Enterprise Challenge programme provides schools with a model of how to plan, start, and grow a student-led business. The model is adaptable and flexible enough to be used in any country and for any business, from a plant nursery in Nigeria to a banking cooperative in Peru. And with the free guides and training provided through the programme, teachers can guide their students to set up businesses that suit their ages and interests, as well as local resources and economies.
What student-led businesses can give to your learners
While no two student-led businesses are the same, all give students the opportunity to develop the skills they need to succeed in work and life. Here are five key skills learners can gain from being part of a student-led business: