By Eric Ochoa, Chairman of the Board
From traveling across the country talking to young people, I have noticed that the predominant viewpoint of young people is that this financial crisis has hurt us the most. This makes sense—statistically at least. Young people have been perpetually at about 20% unemployment throughout this recession and recovery. However, I would like to offer a different point of view; I believe that this downturn is an opportunity for young people. It is an opportunity for young people to start their own businesses and work for themselves. It is an opportunity for young people to look at their career as something more than just a source of those dirty pieces of paper we call money. It is an opportunity for us to control our own destinies and to give back as we give to ourselves and our families. It is an opportunity to become social entrepreneurs.
You’re probably thinking: “Social entrepreneur?! Dude, I’m just trying to pay my rent and keep my car right now.” And I don’t discount the validity of making sure you take care of the essentials, but there are ways to take care of your financial needs while also helping to contribute to society. The most important thing to remember is that this does not mean that you need to change professions either. Social entrepreneurship can be integrated into what we already do.
I’ll give you my example of how this has worked for me. My background is in psychology, marketing, and strategy consulting. Prior to my interest in social entrepreneurship, I was a strategy consultant working for a small firm in San Francisco where they had me working on Microsoft engagements. This included Windows 7 before it came out, Windows Mobile, and Microsoft’s $44 billion attempt to buy Yahoo that you may remember hearing about in the news. I went on to work for another international software firm in Barcelona for a few months before my visa ran out.
When I came back to the States, I ran into an old friend from college (Jamie Borromeo). We knew each other as casual acquaintances from our time at UC Santa Cruz, but had never really talked much one on one. When we met up we were marveling over how many of our friends (including the most brilliant and accomplished) were being laid off or couldn’t find work. We decided on the spot during our first in-depth conversation one-on-one that we were going to start GenerationDrive—our non-profit organization that dedicates itself to helping young people learn how to start and run their own businesses and find other likeminded young people to work with. I now use my understanding of the human mind and marketing to educate fellow young people on how they can employ themselves and their friends. I now market opportunity to young people instead of helping a huge corporation get even richer, and I am happier than I have ever been in my life.
The old model of working for some Fortune 500 firm, for some boss that is two to three times your age that doesn’t understand you and pays you half of what you are worth, are over. We cannot rely on the older generations that created this problem to get us out of it. It is time for us to look for our answers in the mirror and in our friends. We understand better than anyone else what is going to be the next phase of business. We understand technology better than anyone. We understand the green movement better than anyone. We understand how to relate to other cultures in an increasingly global economy better than anyone. And it is time that we realize that we know how to manage ourselves better than anyone.