Closing the Opportunity Divide … one person at a time

Francilia Jones, my Year Up mentee

Francilia Jones, my Year Up mentee

Watching your child succeed at something important in life tends brings that choked up feeling – pride swells your chest and you blink away a tear or two. Well, Francilia Jones is not my child, but I’ve mentored Francilia over the past year, and I felt all those same emotions as I watched her give her graduation speech at this year’s Year Up graduation ceremony.

Year Up is an organization that empowers urban, low-income young adults to go from poverty to professional careers in a single year. As a mentor at Year Up in Boston, every year I’m amazed at the transformation of these young adults. They come to the program with talent and motivation – but, unfortunately, lack skills, experience, and opportunities. However, with the help of Year Up, these young people can gain six months of professional training in IT, Finance, or Customer Service, a six month corporate internship with a respected company, and up to 24 college credits – all in the course of one year.

The program’s success rate is impressive; 85% of Year Up graduates are employed or attending college full-time within four months of completing the program. Those employed earn an average starting salary of $16 per hour – $32,000 per year for salaried employees.

In Francilia’s case, her family was supportive and she was accepted into her dream school, the University of North Carolina at Chapel Hill. However, a family illness and other misfortune meant that she could not afford to attend the school. She tried working to save money to do it on her own – and one day, Year Up’s Director of Student Services for Boston, Rob Fladger, entered the branch of the bank where she was working and told her she looked miserable. He told her about Year Up and she even attended an information session.

However, Francilia still wanted to do this on her own and tried attending college for one semester while working 70 hours per week. Needless to say, that didn’t work out. She still had Rob’s card and gave him a call. By joining the Year Up program, Francilia completed an internship at Harvard University and gained a passion for technology. She now hopes to attend community college and then gain her bachelor’s degree in computer science. She is also looking to work part-time to fulfill her goals. In the entrepreneurship program I help to lead at MIT we call it “escape velocity” and Francilia is on her way, but finding a job still is not easy.

In her graduation speech Francilia states, “I always knew that I could be more than by current situation. I always knew I could be better than my struggles.”  I couldn’t agree more.

I believe this really summarizes the Year Up program, and how it helps bright, motivated young people overcome their current situations. Year Up calls this the “Opportunity Divide” – millions of young adults in the U.S. have talent and motivation, but lack opportunity. They estimate that 6 million bright young people are without access to opportunities to connect to the economic mainstream. Meanwhile, over the next decade, American companies will face a shortage of over 14 million qualified workers. Year Up’s mission is to close the Opportunity Divide.

I wanted to share this experience because being a mentor is one of the most fulfilling things that I’ve done. It puts your personal issues into check, and you just feel good helping to guide someone who is so motivated to succeed. Year Up is always looking for more mentors, so I encourage others to share their time and talents and learn what it takes to become a mentor for Year Up – they have locations in many cities throughout the U.S.

Plus, I’d also like to put a shout out to my network – Francilia is looking for her next job opportunity, preferably in the technology space. Any interest in hiring a hard-working “go-getter”? Please let me know and I will make the connection.

Year up logo

Are you a Disciplined Entrepreneur?

Picture1_croppedAs some of my loyal blog readers know, I’ve recently started a new position as Entrepreneur-in-Residence at the Martin Trust Center for MIT Entrepreneurship.

I’m thrilled to have joined this incredible program at MIT, and have met some wonderful people, including the Center’s Managing Director Bill Aulet. Bill is also the author of a book called “Disciplined Entrepreneurship: 24 Steps to a Successful Startup.” I’ve enjoyed reading it and thought I would share some of the highlights.

In my mind, “disciplined” and “entrepreneur” – are two words that are seemingly in juxtaposition. Most of us think of entrepreneurs as brilliant people with lots of ideas flying around in their heads and innate entrepreneurial talent. We think that they get lucky – or, are at the right place at the right time – when they actually launch a business based on one of these ideas.

In his book, Bill asserts that entrepreneurship can be taught, and that intelligent, hardworking people can become successful entrepreneurs by following a systematic, disciplined approach to starting a new company.

The book is structured around six themes, and the 24 steps mentioned in the title each fall into one of these themes:

  • Who is your customer?
  • What can you do for your customer?
  • How does your customer acquire your product?
  • How do you make money off your product?
  • How do you design and build your product?
  • How do you scale your business?

Bill points out that while following the sequential steps, entrepreneurs will undoubtedly learn new information that will take you back to revise what you’ve done in previous steps. The graphic showing the steps is a wonderful curvy path with “go back” arrows reminiscent of the game Candy Land. This shows me that that wacky, yet brilliant entrepreneur is in there somewhere! Yet, I love that the steps give structure to the process of launching your own business.

I also really embrace the idea Bill sets forth in his book that “ideas mean nothing without execution.” If there was one nugget of advice that I would share with entrepreneurs, this would be it.

As an entrepreneur myself, I value the examples in every chapter, drawn from projects that Bill has worked on with MIT students. Bill uses these real-life examples to guides those with ideas, new technologies, or passion into channeling that energy into a viable business.

At MIT, I am currently taking 14 student-founder teams through the disciplined entrepreneur process in a program called Global Founders Skills Accelerator (GFSA) … I will let you know how it goes!