Thursday, October 20, 2011

"Entrepreneurs Create Jobs, Build Economies and Support Communities." - Ernst & Young

Create jobs.  Strengthen the economy.  Build startups.  Incentivize entrepreneurs. 

We get the point.  These are all things that we need to do.  But how do we do it?  

Ernst & Young turned to entrepreneurs to find the answer.  After all, sometimes it’s best to go right to the source.  As one of the largest professional service firms in the world, EY has announced the development of Entrepreneurs speak out: a call for actionto G20 governments.  The report has been released just before the G20 Young Entrepreneurs Summit (G20 YES) which is to take place in France later this month.

“The key to a global economic recovery is to support entrepreneurs,” said Maria Pinelli, Global Vice Chair for Ernst & Young’s Strategic Growth Markets.  “Entrepreneurs create jobs, build economies and support communities.  There is a clear opportunity to support youth, through entrepreneurship in both developed and developing nations.”

The report states that G20 governments need more robust tools to measure entrepreneurship and increase innovation that will in turn, tackle the slowdown of hiring, the decline of job creation and the general rise in unemployment.

The report also issues 5 key pillars to build a successful enterprise environment:

1.      Entrepreneurship culture: strength breeds success

2.     Education and training: a broader scope is needed
3.     Access to funding: it is vital to tap into diverse sources

4.     Regulation and taxation: good progress, but regulation can improve to encourage innovation
5.     Coordinated support: time to team
The Ernst & Young report is one of those initiatives that get us fired up.  Improve the entrepreneurship culture?  We love that.  Educate and train today’s students about entrepreneurship? We’re all for it.  Provide better access to funding?  We couldn’t agree more.  This report is a testament to what we are trying to do from inside the Kansas City community (and beyond)—change the face of entrepreneurship, create more jobs and energize the startup community. 

Enough with the talking.  Let’s start doing.

Read more about Entrepreneurs speak out:a call for action to G20 governments on Business Wire.

Written by Allison Way

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