Description of the Project

All European countries have been adversely affected by the recent global economic crisis. The effects are still being experienced today and are influencing government fiscal policies across the European Union. Government debt and deficits, and how they are to be tackled, are increasingly important economic and political issues. Most European economies are either growing at a very slow rate or are still in recession. Given that increasing public spending is not seen in many countries as a long-term, sustainable method to increase economic growth the challenge is how this can be achieved. Supporting the small business sector and encouraging entrepreneurship are widely acknowledged as two essential pathways to increase economic growth and produce the wealth creators of the future.
The project is aimed directly at young people with the potential, ambition and creativity to be the entrepreneurs and employers of the future. It is intended to promote the benefits of entrepreneurship and help to equip young people with the business skills and knowledge to be successful. This will be a practical project where the young learners will experience planning their own business
(producing a product or providing a service) as well as learning from students from other countries and experienced professionals and business people.
Europe needs more entrepreneurs, more innovation and more high-growth SMEs. This is why it is necessary to stimulate the entrepreneurial mindsets of young people. The important role of education in promoting more entrepreneurial attitudes and behaviour is now widely recognized. Entrepreneurship refers to an individual’s ability to turn ideas into action. It includes creativity, sense of initiative, innovation and risk-taking, as well as the ability to plan and manage projects in order to achieve objectives. In a broad sense, entrepreneurship should be considered as a mindset that supports everyone in day-to-day life at home and in society, and provides a foundation for entrepreneurs establishing a social or commercial activity. Another important aspect of the project will be sustainability and business ethics. When developing their plans the students will be encouraged to consider and demonstrate in what what ways they have a adopted an ethical approach to business. The students will be asked to show how their business will benefit the local community and/or limit the effect on the environment.
This project aims to stimulate the entrepreneurial spirit of the young people involved. It is hoped that many will go on to be successful entrepreneurs; others will no doubt work for established businesses or organizations. Current employers are also constantly seeking employees with creativity, drive and the ability to recognize future opportunities. In whichever direction they go the entrepreneurial skills and knowledge they gain will play a crucial role in them being successful in their future careers.
In the world of a more global economy, it is critical that students are aware of the needs and demands of other countries around the world. This project will give them the opportunity to develop their insights, skills and expertise in a range of countries within the project. Each country within the project has unique skills to offer students in terms of business and commerce to allow students to access this new knowledge.
A transnational approach is important to the success of this project. The European Union will be a major market place for the entrepreneurs and small businesses of the future. Each country will have a different outlook and approach to entrepreneurship and the students will learn enormously from the sharing of ideas, knowledge and skills. Of course there are also the practical skills such as developing language and presentation skills which will be vital when operating in the European and global economy.

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