Portfolios of Income: Equipping Participants to Maneuver ...business model. Bridges Gaps Bridge the...
Transcript of Portfolios of Income: Equipping Participants to Maneuver ...business model. Bridges Gaps Bridge the...
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Portfolios of Income: Equipping Participants to Maneuver in the New EconomyCWA-Meeting of the Minds 2018
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The Changing Nature of Work is Here…
Time to Change
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COST OF A SHIRT BEFORE AUTOMATION
Sewing- 7hrsWeaving Cloth at 2” per
hour- 72hrsSpinning Thread- 400hrs
479 Hours of Labor
Cost: $3,472 @ $7.25/hr
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Max Roser based on World Bank and Bourguignon and Morrisson (2002)
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Hypothesis: Toward Software-Defined Organizations
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Changing Nature or Work - The Marketplace Change from World Bank Group 9 million
online merchants
11,718 Wal-Mart Stores
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Marriott, Time Warner, Walmart and Coverall used
to hire employees for these services. But not today.
Maid at Marriott works for
Crestline Hotels &
Resorts, Inc. but
managed by Marriott
Cable Installer is an independent
contractor paid by Cascom, Inc
who works for Time Warner, IncImmigrant comes to Boston,
buys a franchise from Coverall, which sets
standards, geographic boundaries and price, which is
barely enough to pay royalties, loan repayment and costs.
Loading dock crew work
for Premier Warehousing
Ventures who works
Schneider Logistics the
trucking company that
works for Walmart who
sets price, time
requirements and
performance standards.
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WhoWorks?
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**Katz, L. F., & Krueger, A. B.
(2016, April 25). In The Rise
and Nature of Alternative Work Arrangements in
the United States, 1995-2015. Page
7
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13FMS, a PCG Company PCG Human Services | Presentation NAWB Forum 2018
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Institute for the Future – Palo AltoFMS, a PCG Company PCG Human Services | Presentation NAWB Forum 2018
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Get to Work Workshop!
FMS - A Public Consulting Group Company
Business of One Workshop• Finance• Personal Budgeting• Starting a Business• Business Basics• Entrepreneurial Mindset• Sales and Marketing
Portfolios of Income• Introduction to Online
Platforms• Personal Budgeting/Branding• How to Hustle• Making our Passions into
Profits• Entrepreneurial Mindset
Weekly Career Center Workshops
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16FMS, a PCG Company PCG Human Services | Presentation NAWB Forum 2018
HOW WE EARN INCOME
Entrepreneurship
(trading value for money)
Traditional employment
(time for money)
Investment
(money earning money)
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Get to Work Workshop!
FMS - A Public Consulting Group Company
The JobPainting your neighbors house•$4,000 budget•Needs to be done in 1 week•Paint cost - $1,000•Labor cost - $3,000
What you could do?
Paint it your self? •It would take 10 daysGet 3 people to help you•It would take 2 days•Cost $600
What would you do?
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MOBILE PHONES – ACCESS THE COMMONS MARKETPLACE
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COMPLETING A TRANSACTION
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PLACING BIDS ON TASKS
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STARTUP QUEST CUSTOMIZABLE PLATFORM .COM
Copyright © 2016 Focused Management Solutions
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CUSTOMIZABLE PLATFORM – COMMONS REVENUE GENERATION
Copyright © 2016 Focused Management Solutions
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CONGRESSIONAL RESEARCH SERVICE REPORT
https://fas.org/sgp/crs/misc/R44365.pdf
FMS - A Public Consulting Group Company
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BUSINESS SERVICES PROCEDURAL GUIDE FOR INDEPENDENT WORKERS GAO
FMS - A Public Consulting Group Company
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Teaching business to workers… works!
Youth with and without a high school diploma Visioning the future - learning about STEM opportunities. Work for ME, Inc. with a Mentor
Adults With or without a high school diploma Change mindset; See opportunities using 21st century tools and grow portfolios of income. TANF recipients, Reentry, hired faster at higher wages!
High school, some college or 2 year degree Finance basics, lifestyle business, STEM and business mentors and networks, Supplemental income, customer service and soft skills, resume building.
Bachelors, Masters and PhDs Chronic Unemployed learn STEM invention commercialization & patents, high growth entrepreneurship and investment primer.
FMS - A Public Consulting Group Company
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Pilot with 47 WIOA Youth74% increased reading, math or both15 went on to college40 entered summer internships2 dual enrolled in college
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Family Business Mentoring Program
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Family Business Mentoring Program A community-based entrepreneurship program for youth and their families centered on the idea of MyFamily, Inc.
Engage Community and recruit business mentors, building a strong support network of friends, family, community, school, and business leaders.
Teach Youth Business Basics as CEO of a simulated family business. Teens lead parents and siblings to reach milestones.
Encourage Collaboration with the family and community leaders to sustain and support career advancement.
Empower Participants to track performance, progress to goals, and fail forward and fail fast toward success.
FMS - A Public Consulting Group Company
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FMS - A Public Consulting Group Company
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Pilot for TANF recipients: 78 enrolled
● 50 completed and gained a credential. 50% of those that did not complete training, did not complete because they became employed.
● 64% entered employment rate for all participants of the program, compared at a 30% for the general TANF population participating in work activities during the same time period.
● 39% recidivism rate of the training participants returned to cash assistance during the two year period, compared to a Florida statewide recidivism rate of nearly 60%.
FMS - A Public Consulting Group Company
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Entrepreneurship Training Program
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Experiential Training in TeamsTeam training and mentoring, 2-hour training, 2 hour teamwork twice a week, for 8 weeks.
Changing the mindsetStartup Quest® Bootcamp develops the entrepreneurial mindset, the “why” and “how” of turning an idea into a business model.
Bridges GapsBridge the gap between the entry-level, mindset-focused curriculum of “Own Your Future”, and the high-level, rigorous deep-dive of the original Startup Quest®.
Self-Employment and Employment OpportunitiesHired faster and at a higher salary, because they understand what the employer needs
FMS - A Public Consulting Group Company
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• Startup & business plan development• Market analysis• Financial strategies and forecasting • Operations & management• Investment strategy and funding
sources
Exposure to Real-World Technologies - STEMTeams formed around patented technologies from public research universities, federal laboratories, and NASA labs nationwide.
Experiential Training & Robust CurriculumTeam training and mentoring, 4-hour sessions, once a week, for 10 weeks. The real-world curriculum was created by entrepreneurs in partnership with the University of Florida.
Successful business owners & entrepreneurs
mentor participants
Teams create simulated businesses, market
analyses and business plan
Last session (10TH), teams compete in business
pitch to investor judges
FMS - A Public Consulting Group Company
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The Washington Economics Group
Recurring Yearly Economic Impacts ($ Millions)
ROI Startup Quest® 14 to 1Total Economic Impact $ 85.1
Household Income $ 26.9
Gross Domestic Product (Value-Added) $ 48.3
Employment (Jobs) 630
State and Local Taxes $ 4.6
Federal Taxes $ 7.1
FMS - A Public Consulting Group Company
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AI & Tech
Skills Gap
Change
Market Change
Product-ivity
Social Acts
Lifelong Learning
& Training
Business &
Worker Voice
Social Contract Services
Policy & Law
Invest in Human Capital Training
Social Equity & Safety
Benefits &
Taxation
Goal
Empower Workers
Strong Business
Everyone Prospers
Challenge Solution Method ProsperityFast Changing Disruptive Innovative Future Growth Workspace Training Governance & Empowerment
The Changing Nature of Work
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Challenge Solution Method ProsperityFast Changing Disruptive Innovative Future Growth Workspace Training Governance & Empowerment
Thank you !
Websites www.publicconsultinggroup.com http://fmsworks.com
Emails [email protected] [email protected]
Phone 1-352-872-5901