Back Home from G20 YES

June 8, 2012 7:53 pm Published by Perrine El Khoury

After two days of workshops led by experts from Ernst & Young and McKinsey & Co., as well as a whole lot of discussions about how to foster an entrepreneurship-friendly transnational business environment, our last day at the G20 YES was even more intense than the previous ones (and tequila is not the only one to blame here!).

The last day began with a conference called “Entrepreneurship in Reality: What is and what isn’t.” by Daniel Isenberg, Professor of Management Practice at Babson Global. An expert in both business and psychology, he captivated us with his incredible energy, and provoked us to think critically about entrepreneurship by challenging our pre-existing notions. I strongly recommend his conferences if you ever have the chance!

After the conference, we headed over to Los Pinos, the official residence of the President of Mexico, where we finally got to submit the plan of action to President Felipe Calderón. We discussed our recommendations with him, and he responded to questions from entrepreneurs representing the different delegations. Our main success was probably to get him to commit to presenting and defending our plan at the G20 Summit in Los Cabos in under 2 weeks.

Our recommendations included:

  • Fostering a stronger youth entrepreneurship culture through promoting and teaching entrepreneurship and raising awareness
  • Minimizing regulatory and tax barriers for start-up and early-stage businesses to reduce costs and increase efficiencies
  • Promoting a collaborative environment across private and public sectors, civil society and academia, that enables young entrepreneurs to start, grow, learn and have a second chance in business, within their countries and internationally

We sincerely hope that the G20 heads of state take time to consider our plan. Let’s not forget that young companies are responsible for between 60% and 90% of job growth in the G20, depending on the country. What if we were also the solution to get out of the current crisis?
Let’s see what happens in 10 days in Los Cabos…

This post was written by Perrine El Khoury