How can governments, at all levels, support the development of entrepreneurship?We will also review the nine (9) recommendations we proposed during our 2008 Forum, aimed at enabling and fostering the development of the various forms of entrepreneurship. They are as follows:
World Entrepreneurship Forum Guiding PrinciplesI hope to have a chance to report out to you while in France but if I get too busy, which is very likely, I will wait until after I return to provide you with key takeaways. However, in the meantime, catch a LIVE broadcast of key moments here (http://www.world-entrepreneurship-forum.com).
1. Reform Regulations
To promote a truly entrepreneurship-centered business climate, reform tax and regulatory environments so as to make it easier, faster, and less costly for entrepreneurs to set up enterprises, grow them if they are successful, or close them if not; minimize the time they spend on licenses, tax procedures, litigation and other similar activities.
2. Create New “Entrepreneur-Friendly” Institutions
Introduce new-style entrepreneurship-friendly support institutions that provide technological knowledge, market information, business know-how, certification services, access to capital, and other essential business support.
3. Promote Proper Governance
Set forth a governance framework which unambiguously encourages risk-taking, while also ensuring that ethics lapses, corruption, and neglect of environmental sustainability carry a high cost to reputation.
4. Foster Positive Entrepreneurial Attitudes
Foster a cultural context where entrepreneurship has a positive image and where entrepreneurial success is publicly celebrated.
5. Create an Early Education Entrepreneurial Curricula
Include within schools a curricula that promotes the development of the skills and attitudes that are the hallmark of entrepreneurship, such as: Creating a vision, perseverance, creativity, spotting needs, empathy, leadership, dealing with ambiguity, risk-taking, and follow-through.
6. Develop Young Adult Entrepreneurial Curricula
Include within an education curricula practical elements of entrepreneurship and business development so as to increase the entrepreneurial IQ within the community.
7. Promote Lifelong Entrepreneurial Education
Provide entrepreneurs lifelong learning and development platforms for sharing of experience and best practices, coaching and mentoring, mutual support, and international networking, with the strong support of key stakeholders from business and civil society.
8. Empower Entrepreneurial Women, Minorities and the Disadvantaged
Support programs must also specifically target women, minorities, and the disadvantaged. Further, governments should implement laws and policies that ensure that entrepreneurs are sensitive to gender empowerment as well as diversity promotion.
9. Understand Entrepreneurship
Make it known that entrepreneurs are positive agents of social change, wealth creation, transparency, sustainability, and innovation.
Formal Guiding Principles can be found here.
By the way ... here's why I am a member of the World Entrepreneurship Forum.
Photo: World Entrepreneurship Forum -- members in 2008.