Showing 3 ideas for tag "entrepreneurship"

Economy

FU Nights Miami

FU Nights occur in 20+ cities around the world. As a goal, it is global movement that aims to accelerate the learning process while reaching people closer to actual cases of business failure. Logistically, it is a monthly event series where entrepreneurs talk about their biggest professional or business failure in a candid way.

As a Miami-specific example, Faquiry Diaz (CEO, Tres Mares Group) has already agreed to be... more »
Who are you?

An organizational psychologist, recent Miami returnee, and aspiring changemaker. I am the Founder/Dean of Awesome Foundation MIAMI and the curator of the Miami Global Shapers (a World Economic Forum initiative). I believe small changes add up.

How does this project impact the issue you selected?

Miami's economy is recovering but in need of investment and energy. As a social psychologist, I believe that larger community-wide pivot points emerge from accumulated individual points of inflection. Ultimately, entrepreneurial growth comes from the average citizen feeling enough self-efficacy to believe their idea is worth exploring. However, our narrative often highlights a handful of success stories without encouraging the average person to approach and feel heartened to undertake their own.

What data points from The Our Miami Report does your project address?

FU Nights engage the average Miamian in a frank conversation about failure and the process of entrepreneurship with the more of our denizens will want to turn their ideas into pilots, small businesses, and other ventures. This honest conversation will make entrepreneurship more accessible and will hopefully encourage (a) the formation of small businesses, (b) the growth or expansion of existing small businesses, and (c) a general sense of collaboration and innovation in our city.

Please give examples of your project's success.

Since its inception in Mexico City, FU Nights have spread to many cities in Mexico and to eight other global cities.

There has been much written and published about the power of failure as a learning tool, a rite of passage, and a positive driver toward innovation, change, and growth (as an example, see "The Power of Failure" in NYT by Sarika Bansal). Miami is a city growing and trying to find its legs - opening up about failure in a constructive way could be a powerful catalyst.

Organization Name (or individuals name) Natalia Martinez

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Economy

Revive the Apprentice Model in Miami

We are growing a new pathway for professional success in Miami. According to recent studies, Miami is the hardest city in the country to find a job. Young people go into debt getting college degrees, to then find themselves underemployed or unemployed, working most frequently in entry-level roles where they learn from the lowest ranking managers in a company. That's a backward way to build a vibrant talent force.... more »
Who are you?

Shaila & Kane, friends from the tech/startup space. Since launching in 2012, we have been named Echoing Green Fellows, Forbes 30 Under 30, & Next Leaders of the Future. Enstitute has been featured by CNN, Fast Company, and NYTimes.

How does this project impact the issue you selected?

We are building a new pathway to economic success in Miami. We retain and develop top young talent, offering them outstanding professional development, access to powerful networks, and mentorship from our city's top economic leaders. We support businesses in Miami by offering them smart, ambitious, young talent who we develop over the course of their apprenticeship. We also retain that talent, as 90% of our apprentices complete the program with a full time job offer from their host company.

What data points from The Our Miami Report does your project address?

The Our Miami report highlighted a 2.5% employment growth rate in Miami in 2013. While that is promising, some peer cities had stronger results. (Houston has a 3.3% rate). Small businesses in Miami are growing into larger businesses at a .46% rate, while peer cities like Chicago boast a .78% rate. We seek to improve these statistics by helping talented young people get incredible jobs locally and by supporting the leaders of Miami businesses to accelerate the success of their enterprises.

Please give examples of your project's success.

Most importantly, 90% of our apprentices complete the program with a job offer from their host company, with an average starting salary of $50,000. Over 85% of our host companies have referred another company to be a part of the program. Several of our CEOs contended that taking on apprentices is one of the most impactful leadership decisions they made this past year.

Organization Name (or individuals name) Enstitute

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Economy

In The Loop 305

IN THE LOOP 305 asks what it takes to actualize a creative economy in Miami?

IN THE LOOP 305 asks how can we promote more age, ethnic, and geographic diversity in the culture spaces of Miami?

IN THE LOOP 305 asks how we change our city by having the ability to influence change agents?

Goals:
* Support the creative industries.
* Reduce silos and support the policy changes needed to make Miami a friendlier city.
* Develop... more »
Who are you?

Malia Lazu, founder of Future Boston Alliance, is an experienced social entrepreneur and philanthropic activist. James Echols & Annette Peikert are co-founders of Life Is Art, Soul Of Miami, and PhilanthroFest.

How does this project impact the issue you selected?

One of the greatest areas of need identified by the Our Miami research is in the ability for Miami-Dade residents to start and grow new businesses. This program brings together capital and ideas through education to create a platform for entrepreneurs to understand what investors are looking for and how to reach that. Because the investors themselves are part of the educational process, it creates more confidence in their investments, as well.

What data points from The Our Miami Report does your project address?

Miami-Dade Residents Can Start & Grow New Businesses . While Miami-Dade County may have a high rate of very recent start-up formation compared to the US and other major metros, without knowledge and capital, these start-ups fail at an alarmingly high rate. The high start-up to low capital ratio that exists in Miami is a sure recipe for a crash. In addition, the start-up economy, and certainly not the capital is not well distributed throughout Miami's residents.

Please give examples of your project's success.

Since its launch, Future Boston has motivated thousands to help Boston to become greater than the sum of its parts. Out of their classes, they have funded several new start-up businesses and provided critical education to numerous others.

Life Is Art / Soul Of Miami has been operating for six years. Through their programs, many thousands of Miamians have become more engaged in the community. Overall, they have produced over one-hundreds events of all types and sizes in South Florida.

Organization Name (or individuals name) Life Is Art / Soul Of Miami

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